CLEVELAND, OH--(Marketwired - February 23, 2016) - BuyerQuest, a leading eProcurement provider, announced today that it has entered into a strategic global alliance with Taulia, the financial supply chain company with the fastest growing buyer and supplier network for supplier financing. This comes at an inflection point in both BuyerQuest and Taulia's growth curve, with both companies rapidly adding new Fortune 500 customers and their vast supply base to their networks. The combined technologies aim to eliminate the growing frustrations in current procure-to-pay models that have failed to deliver the results required for today's modern enterprise.
"This alliance combines BuyerQuest's market-leading Procurement platform with Taulia's sophisticated suite of financial supply chain products," said Jack Mulloy, Chief Executive Officer of BuyerQuest. "As a result, our customers can experience a beautiful and seamless one-stop-shop for all interactions with suppliers, while strengthening relationships and adding millions to the bottom line."
The BuyerQuest-Taulia partnership will combine BuyerQuest's eCommerce procurement experience with Taulia's world-class supplier financing and collaboration tools to create a full spectrum Procure-to-Pay platform for buyers and suppliers to better do business, the first of its kind. Buyers can better manage all their supply chain processes and add millions to their bottom line through invoice financing while suppliers gain increased visibility and better control over their working capital.
"Partnering with BuyerQuest made perfect sense," said Markus Ament, Taulia's Chief Strategy Officer. "Procure-to-Pay has always been a collaborative process between buyers and suppliers and by aligning the BuyerQuest and Taulia platform we're going to market with a tool that puts the needs of buyers and suppliers first to create a true win-win relationship."
About BuyerQuest
BuyerQuest is an enterprise Procurement software company, founded on the core belief that the enterprise procurement experience can and should be just as easy as an everyday B2C e-commerce shopping experience. BuyerQuest delivers its end-users a world class shopping experience for all goods and services across the enterprise. Procurement and Accounts Payable organizations are empowered by BuyerQuest's intuitive administration tools to operationalize their contracts and drive compliance through widespread user adoption coupled with advanced intelligence capabilities. Leading companies, universities, and government entities, including: McDonald's Corporation, Kimberly Clark Corporation, Saudi Aramco, and Stanford University use BuyerQuest to drive savings across their organizations. Contact us to learn how BuyerQuest can help your organization.
About Taulia
Taulia drives innovation in the Financial Supply Chain. By turning every invoice into a revenue opportunity, Taulia enables organizations to strengthen supplier relationships while adding millions to the bottom line. Some of the smartest brands in the world rely on Taulia, including Coca-Cola Bottling, Pfizer, Hallmark, John Deere, and many other Fortune 500 companies from various industries. Taulia is headquartered in San Francisco, California, with locations across the United States and offices in London, England; Dusseldorf, Germany; and Sofia, Bulgaria. For more information, visit www.taulia.com.
Contact Information:
Contacts:
Ashley Sieb
BuyerQuest
202-533-7293