Digital Banking & Payments

Automating B2B Virtual Cards: SAP Taulia Partners with Boost

Automating B2B Virtual Cards: SAP Taulia Partners with Boost

SAP Taulia, a leader in working capital management solutions, has officially announced a groundbreaking integration with Boost Payment Solutions. This strategic partnership enables the complete automation of its virtual card offerings, leveraging Boost's innovative straight-through processing (STP) technology. The collaboration marks a significant leap forward in optimizing business-to-business (B2B) payments, promising to deliver an unparalleled automated experience that dramatically reduces friction, minimizes operational risks, and substantially accelerates cash flow for enterprises worldwide. The Evolution of B2B Payments: From Manual to Automated For too long, the landscape of B2B payments, especially concerning virtual cards, has been marred by manual, often cumbersome processes. Suppliers traditionally received virtual card details through secure emails, a method that, while secure, introduced significant overheads in terms of manual data entry, reconciliation, and acceptance…

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