SAP is set to pay an undisclosed amount for a majority stake in the Ping An, Saudi Aramco and Telus-backed digital invoicing technology developer.
Enterprise software producer SAP has agreed to buy a majority share of Taulia, a US-based provider of working capital management software that counts several corporates as investors.
Taulia has built a software tool designed to help small and medium-sized enterprises manage and optimise their available working capital as well as payables, receivables and inventory. It claims it processes more than $500bn per year.
Details of the price have not been disclosed. SAP had already been collaborating with Taulia and had…
