UNICREDIT STRENGTHENS DIGITAL WORKING CAPITAL OFFERING WITH TAULIA PARTNERSHIP
Agreement provides tailored working capital solutions to corporates of all sizes
UniCredit has announced a collaboration with Taulia, a San-Francisco-based fintech that provides innovative digital supply chain solutions, including supply chain finance, cash forecasting, electronic invoicing, and dynamic discounting.
Through the Taulia platform, corporates will be able to build resilient supply chains by providing vital working capital stability and transparency to their suppliers.
The partnership serves to round out UniCredit’s diverse toolbox of working capital solutions – enhancing its existing supply chain finance platform by incorporating the capacity to support greater numbers of suppliers with increased international reach, alongside seamless integration into corporates’ enterprise resource planning systems.
Commenting on the announcement, Luca Corsini, UniCredit’s Co-Head of Global Transaction Banking, said: “We are delighted to be partnering with Taulia, with this initiative coming at a timely juncture. Supply chain resilience and working capital optimisation have become increasingly critical topics for many corporates in recent months, with more and more treasurers looking to execute their processes remotely. As ever, we remain fully committed to developing innovative and efficient solutions for our clients.”
Corsini added: “In the past, supply chain finance – reverse factoring – wasn’t as prevalent in Italy as the rest of Europe, but that’s changed completely since Covid-19. We’re seeing a desire to support companies and keep their supply chains intact – a sense of social responsibility on the part of larger companies towards their smaller suppliers.”