SAP Taulia Enhances B2B Virtual Card Acceptance for Suppliers

SAP Taulia released features designed to remove the barriers to B2B virtual card acceptance for suppliers.

"Historically, the industry assumed cost was the only factor for suppliers, but our research shows that access to cash and security are actually higher priorities," says Doug Anderson, senior product marketing manager at SAP Taulia. "By removing the operational drag of manual reconciliation and terminal limits, we are making virtual cards an inherently attractive modality for suppliers globally."

Key takeaways:

·        SAP Taulia’s new product suite aims to transform virtual cards from a niche payment method into a strategic driver of global liquidity and operational efficiency.

·        SAP Taulia’s new Supplier Acceptance suite provides a comprehensive toolkit that automates reconciliation and provides immediate access to cash upon invoice approval. This will offer suppliers payment visibility while enabling buyers to scale their strategic use of credit.

• Through strategic global partnerships with payment providers, SAP Taulia automates data entry and settlement. This allows funds to be deposited directly into supplier accounts without manual card entry, saving on admin time.
• Suppliers can now choose to be paid immediately upon invoice approval, bypassing traditional 30- or 60-day terms.
• To bypass rigid terminal limits that often cause high-value B2B payments to fail, this feature allows a single card to be authorized for multiple transactions up to the total invoice amount.
• New Credit Note Netting automatically consolidates outstanding credits and invoices into a single, clean payment. Combined with Bundled Payments, suppliers gain more control over their cash flow, allowing them to ensure all invoices with the same due date are paid through one virtual card.
• Leveraging proprietary network and ERP data, SAP Taulia identifies hidden card acceptors that traditional bank programs often miss, uncovering a 2% lift in eligible suppliers.