MAY 27, 2014
Top Image Systems Ltd. And Taulia Inc. announced a global partnership in SaaS today.
In the partnership both companies agree to resell each other's financial process improvement solutions to each company's respective installed base, and to new customers.
The first joint customer will be Europe's largest international bottler. By combining Taulia's financial solutions to optimize working capital in it's financial supply chain with TIS' eFlow Invoice for SAP, the customer will achieve higher efficiency and cost savings. Currently, using only TIS' eFlow Invoice SAP the customer is already saving over €1 million.
"This formal partnership serves as a proof point that TIS is actively executing on its strategic focus on enhancing cloud functionalities, increasing subscription sales and expanding strategic global alliances," said Michael Schrader, COO of Top Image Systems.
The customer will also begin automating invoice processing in it's SAP systems and will be better equipped to improve supplier relationships and reduce supply chain costs through dynamic discounting.
TIS and Taulia will also be going to market together using a joint cloud solution, offering supplier self-service, like electronic invoicing and supplier information management, supplier invoice processing solutions, and dynamic discounting.
"Through our joint solution, enterprises can manage financial processes more efficiently while optimizing the financial supply chain," said Markus Ament, Chief Product Officer at Taulia.
View the announcement here.