What are the advantages of automating supplier discounts?

Suppliers utilise these tools completely free of charge (unlike other portal and invoicing products on the market) and benefit from being able to submit electronic invoices, view invoice status, view payment history and request early payments.

Buying organizations benefit from reduced supplier inquiry calls, streamlined processes, operational efficiencies and the ability to add millions to their bottom line through dynamic discounting.

TRP: Can you tell us about your customers?

MA: Our customer base is wide and varied, encompassing many of the top Fortune 500 and Global 2000 companies in the world, including Coca-Cola Bottling Co. Consolidated, Hallmark, TELUS, PG&E and Pfizer. Due to our solution's ability to seamlessly integrate into any ERP system, we are able to offer our products and services to any large enterprise within any industry.

TRP: What are Taulia's plans for 2014?

MA: A big part of our product focus in 2013 was to expand our capabilities to become available to any buying organisation, regardless of their ERP system. With that accomplished, we are now shifting that same focus towards the supplier side of the payables process - Accounts Receivable, enabling the Taulia platform to seamlessly integrate into every supplier's AR billing system.

Another priority for the upcoming year is to introduce additional ways to use our product through mobile devices.

Our solutions already operate on all mobile browsers, but we plan on expanding mobile capabilities with apps that allow suppliers to take advantage of all of our portal features on the go - snapping a picture of an invoice and submitting it to their buyer, sending message inquiries on invoices, accepting an early payment discount on the go, etc.

We see this greatly increasing activity levels of some of the smaller suppliers who are often on the go, without access to a desktop computer.

Also, there are big things in store for our supplier financing functionality, in addition to dynamic discounting, we'll be announcing a game changing product launch over the next few months. Stay tuned!