SOURCE: Taulia Inc.

Taulia Inc.

April 07, 2015 11:00 ET

Taulia Releases Groundbreaking Report on Supplier Data

47% of Small Business Suppliers Report Being Paid Late on Invoices

SAN FRANCISCO, CA--(Marketwired - April 07, 2015) - Taulia, the market-leading platform for supplier financing, today announced the findings from an extensive study of the payment process between corporations and their suppliers, which indicated 47% of suppliers are paid after the agreed upon payment date.

"We're constantly looking to meet the needs of our clients, and a major part of helping achieve their goals comes from better understanding the small businesses that supply them," says Taulia CEO Cedric Bru. "It's clear suppliers are still struggling from late payments, which weakens supply chains. When 47% of suppliers are paid late, it's clear there needs to be a more effective solution, and we believe that solution is Taulia."

The report includes data from 1,639 suppliers. 1,010 (61.6%) were from companies that had less than $250 million in annual revenue. Here are some of the highlights from the report:

  • On average, 47% of suppliers report being paid late
  • Suppliers are paid late an average of 9.3 days
  • 25% of suppliers wait more than 40 days to be paid
  • 20% of suppliers have had a discount taken against them, even after the early payment term date has passed (an unearned discount)

The report provided several key takeaways. It showed that suppliers continue to struggle with late payments, that they have a strong desire to have the option to be paid early, and that suppliers regularly accept acceleration of all invoices, in exchange for a small discount. Additionally, suppliers accept early payments in order to meet seasonal cash flow needs.

"Early payments are a win-win for suppliers and corporations, as well as for the global economy," says Bru. "It's great to see businesses, as well as governments across the world, realize the importance of providing suppliers with the choice to be paid earlier. Taulia is a key driver of this movement by enabling the acceleration of payments."

Taulia's entire report can be accessed on the company's website.

About Taulia

Taulia is the fastest growing SaaS platform and network for Supplier Financing, e-Invoicing and Supplier Portals. Through turning every invoice into a revenue opportunity, Taulia enables organizations to strengthen supplier relationships while adding millions to the bottom line. Some of the most innovative brands in the world rely on Taulia, including Coca-Cola Bottling Co. Consolidated, Pfizer, Hallmark, and many other Fortune 500 companies from various industries. Taulia is headquartered in San Francisco with additional offices in London, England; Düsseldorf, Germany; Sofia, Bulgaria; Austin, Texas; and Park City, Utah. For more information, visit www.taulia.com.

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