Supply chain financing company Taulia is working with a new partner to step into the aerospace and defense industry, among others.
Reports Thursday (Dec. 22) said Taulia announced a partnership with Exostar, which provides cloud-based solutions to the sector, as well as to the life sciences and health care sectors. Its software helps businesses in these spaces mitigate risk and security.
There are more than 100,000 aerospace and defense corporate buyers using Exostar's solutions that will now have access to Taulia's supply chain finance offerings, reports said. Taulia's Software-as-a-Service product will integrate directly into the Exostar interface.
According to reports, traditionally, the aerospace and defense sector uses large banks for supply chain finance and focuses on large suppliers with sound credit ratings. Integrating Taulia's offerings means suppliers in the sector of all sizes can have an opportunity to access financing.
“By better aligning buyer and supplier interests throughout the A&D [aerospace and defense] supply chain, Exostar and Taulia are fundamentally shifting the nature of business from potentially contentious to collaborative,” the firms said in their announcement.
Taulia has built up its business via strategic partnerships like these. Last year, the firm signed KPMG as a partner, while, earlier this year, it announced a slew of other partnerships and announced its Partner Community, a program to connect supply chain technology service providers for collaboration.
“Throughout the world, technology enables people to connect with others at scale,” said Taulia CEO Cedric Bru last February. “On the personal level, there’s Facebook. On the functional level, you have LinkedIn. Now, at the business level, you have Taulia.”