SAP Taulia partners with Boost Payment Solutions to strengthen virtual cards

SAP Taulia, a leading global provider of working capital solutions and part of the SAP portfolio, has announced a strategic partnership with Boost Payment Solutions to accelerate the use of virtual cards in B2B payments. The partnership centers on the integration of Boost's patented straight-through processing technology with SAP Taulia's virtual card functionality. This will enable suppliers to process payments fully automatically and without media disruptions. For companies, this means less process effort, lower risk, faster liquidity and improved transparency in payment processing. The rollout will start in the USA, the UK, the EU and the United Arab Emirates. With this cooperation, SAP Taulia is further expanding its portfolio of virtual card solutions and underlining its role as an innovation driver for secure, efficient and AI-supported financial processes in global trade. Dean M. Leavitt, founder and CEO of Boost, commented: "The partnership with SAP Taulia validates this vision and extends the reach of our straight-through processing technology to some of the largest companies in the world."

Source: Boost