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Lloyds and Taulia launch virtual cards to enhance supplier payment processes
Lloyds Bank and Taulia have launched Visa-enabled virtual cards integrated into SAP Business Suite applications, enhancing procurement teams' control over supplier payments and improving cash flow. This collaboration aims to streamline financial management and strengthen supplier relationships, driving smarter growth in a dynamic economy. Danielle Weinblatt, Chief Product Officer at Taulia, highlights the transformative impact of embedding virtual cards within enterprise systems for better liquidity and cash flow intelligence.
taulia and lloyds introduce visa-enabled virtual cards for seamless b2b payments
Taulia and Lloyds have partnered to launch Visa-enabled Virtual Cards, enhancing B2B payment processes for UK businesses through SAP Business Suite. This collaboration allows companies to issue virtual cards to suppliers, improving cash flow management and supplier relationships while reducing fraud risk. The integration of virtual cards into enterprise systems aims to streamline payments and optimize working capital, driving growth in a dynamic economy.
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