Taulia Achieves Safe Harbor CertificationAward of TRUSTe Privacy Seal Demonstrates Taulia's Commitment to Privacy.
December 28, 2011
Taulia Inc., the leading cloud-based dynamic discounting solution provider for SAP®, today announced it has achieved Safe Harbor certification from the U.S. Department of Commerce. Taulia received this recognition for its SaaS Dynamic Discounting and Supplier Portal offering, which provides significant financial benefits to both large organizations and their suppliers. Safe Harbor certification allows U.S. companies the ability to comply with European privacy laws and safely meet all necessary requirements for trans-Atlantic business transactions.
Taulia was awarded this certification by complying with a set of strict privacy principles, set in place by the Department of Commerce in conjunction with the European Union. These include giving proper notice to customers when collecting personal data, giving customers the choice to opt out, transferring information to third parties only if they comply with similar privacy standards, allowing customers access and the ability to update their own information, maintaining integrity through the proper use of customer information, providing adequate security of information and ensuring proper enforcement.
“As a company with a global customer reach, privacy is of the utmost importance to Taulia,” said Bertram Meyer, CEO of Taulia. “We work with Global 2000 organizations to achieve significant cost savings on their annual invoice spend, while providing their suppliers a more cost-effective way to manage cash flow. As such, it is crucial that we maintain the highest of privacy standards to ensure our customers are safe to conduct their business around the world. Receiving the Safe Harbor certification demonstrates our commitment to maintaining the strictest of privacy standards for our valued customers.”
In addition to the Safe Harbor certification, Taulia was awarded the well-respected TRUSTe Privacy Seal. As a leading independent online privacy solutions provider, TRUSTe has reviewed Taulia’s privacy practices to ensure they are compliant with Safe Harbor as well as TRUSTe’s own strict regulations. TRUSTe’s privacy seal is recognized and trusted by millions of consumers as a sign of responsible privacy practices.
Headquartered in San Francisco, California, Taulia is a solution provider specializing in Software-as-a-Service (SaaS) solutions that help large organizations reduce their total spend and achieve double-digit returns on their cash positions by optimizing their financial supply chain and payment terms with their suppliers. The Taulia Invoicement® Suite offers a cloud-based dynamic discounting solution and supplier portal. Taulia has offices in San Francisco, New York, Raleigh and Düsseldorf (Germany). Its list of customers includes Coca-Cola Bottling Co. Consolidated, Pfizer, John Deere and other Fortune 500 companies from various industries. For more information, visit www.taulia.com.