New agreement for UniCredit. The Bank enhances its offer of digital solutions for the management of working capital thanks to the new collaboration with Taulia, a fintech company from San Francisco. The agreement serves to help companies improve both capital allocation and efficiency along their entire supply chains, while maintaining a strong capital position and adequate daily liquidity.
The partnership allows UniCredit Group to offer innovative digital supply chain solutions for buyers and suppliers such as cash flow forecasting, electronic invoicing, dynamic discounting, but above all to enhance its bank-financed prepayment platform (supply chain finance), so as to make it possible to support a greater number of suppliers, with international coverage. All with seamless integration into corporate ERP systems.
This agreement is the latest in a series of activities of the Bank in the management of working capital which together form a series of tools that respond to a wide range of specific customer objectives, as companies are constantly looking for effective solutions and tailored to working capital management. UniCredit customers will thus be able to choose between bank-funded and self-financed prepayment programs. Thanks to the Taulia platform – a leading provider of working capital solutions – companies will be able to create resilient supply chains, offering suppliers liquidity stability and transparency.
“We are happy to work alongside Taulia for this initiative, which comes at just the right moment – he declared Luca Corsini, Co-Head of Global Transaction Banking at UniCredit – Supply chain resilience and working capital optimization have become increasingly critical issues for many companies in recent months, with an increasing number of landlords executing their processes remotely As always, we continue to strive to develop innovative and efficient solutions for our customers”.
“We are delighted to start collaborating with UniCredit to expand Taulia's offer across Europe and thereby help clients digitize and free up working capital,” he added. Michael Rieskamp, Managing Director EMEA, Taulia – We believe our partnership will have an immediate effect on companies' ability to manage liquidity in uncertain times."
