Taulia provides a platform that enables Fortune 500 businesses to electronically handle all invoicing and payment to their suppliers. For its major customers, Taulia can help automate invoicing and payment processes, which in turn lowers the cost of handling support calls from suppliers who have had their invoices disappear into the ether. It also helps to optimize and maximize supplier discounts for those companies. Meanwhile for suppliers the platform simplifies the process of submitting an invoice, while also providing more visibility into where they are in the payment approval process. More importantly, by doing so it can speed up the amount of time it takes a supplier to get paid, and enables suppliers to get short-term supplier financing based on invoices that have been approved for payment.

http://techcrunch.com/2014/09/25/taulia-13m-edbi-bbva-ventures/