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In recent years, Vodafone has made significant investments in innovative technology to unlock working capital for their business needs and to support their vast supplier ecosystem. By leveraging today’s best-in-class working capital optimisation tools, Vodafone has aligned their commercial objectives with the health of their suppliers to build strong, mutually beneficial relationships, free up cash, and eliminate inefficiencies.

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“Businesses today can’t operate in isolation, rather, we must realise the connected nature of our work. Technology like Taulia allows us to take better care of our suppliers, helping us build stronger, more healthy and ultimately more competitive supply chains. It’s fantastic to be recognised for doing something which makes such clear business sense.”

Vodafone Assistant Treasurer, Jim Tapper
 

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JAPAN
Mount Myōkō
CANADA
Whistler
KOREA
Seoul

Telecom

$9.4 billion

$50.2 billion

Unlocking Early Payment For All Suppliers

Case Study

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Recognition for their SCF program 

# of Suppliers

16,000

Supplier financing for all suppliers, the Vodafone story

Happy Suppliers

"Using Taulia has made life simple, we can easily see orders that are approved and make provision early to execute the work that is required."
 

Large utilities company

"I like the visibility, I can easily see purchase orders and invoices and of course payment due dates. This allows us to plan accordingly. It is easy to use and has definitely improved our relationship with the customer."


Small independent firm

 

 

“It is a user-friendly tool - I can see my orders, my invoices, payment trace and what was processed and will be paid by the end of the month - I can also see the payment date which is so helpful”

 

Construction firm

 

"It helps to keep track on invoices, and effectively control working capital"

 

 

Large services firm

 

Hear what Vodafone suppliers think!

Graham Taylor 
Treasury Manager, Commercial Treasury at Vodafone

Tony Wonfor 
Executive Director, Sales Finance Solutions Department Huawei

CHALLENGES

  • Previous bank-led SCF program did not address ALL suppliers in network
    ​​
  • Complicated onboarding process, not electronically based
     
  • Suppliers lacked visibility into payments process
     
  • Need for a solution with user-friendly interface, seamless integration into existing workflow and NO supplier fees

RESULTS

  • Enrolled over 12,400 suppliers
     
  • Extended $6.1 billion program to $10 billion within just 9 months of program launch
     
  • Accelerated payments by 51 days on average
     
  • Successfully on-boarded Huawei, one of the largest suppliers

“Now we can offer our suppliers a complete end-to-end process, from when they’re submitting their invoices, all the way through settlement. Because Taulia is free for suppliers, and we like the technology so much, it has been mandated in a lot of our markets and has been successful. The suppliers like it as well.”

Huawei joins Vodafone onstage, talking about why they, as one of the world’s largest suppliers, also adopted an SCF platform.

Graham Taylor 
Treasury Manager, Commercial Treasury at Vodafone

Vodafone was awarded 2 Supply Chain Finance Awards, from the Supply Chain Finance Community:  The Technology & Telecoms category, and the overall Gold Award as the category-winning entry that best demonstrates SCF in action.  


 

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