Taulia, based in San Francisco, recently reported a significant year-over-year growth in the Asia Pacific region, according to a press release.
“I’m hugely proud of the growth we’ve achieved over the last year, with our expansion into China and Singapore,” Steve Scott, head of Asia Pacific, Taulia, said. “Asia sits at the heart of the global supply chain and is a region in which we see so much untapped potential. It is full of companies who are looking to scale and play a greater role on the global stage.”
Forming part of the SAP Group, Taulia has seen a 250% increase in the demand for its packaging, IT services and manufacturing processes across various prominent Asian markets, including China, Singapore, India, Hong Kong SAR and Australia.
The company prioritizes small and medium-sized enterprises, making most of its network, which recently grew by more than 75,000. The addition attracted a 37% increase in early payments from customers.
The capital management solutions provider has also doubled its staff in the region and plans to continue expanding its team in the upcoming months.
“We are excited about helping these businesses deploy working capital management solutions that allow them to thrive in the current, ever-changing environment,” Scott said.