Taulia: How Taulia & Lloyds are Streamlining Supplier Payments

As procurement continues to expand to include wider spend management responsibilities, Lloyds and Taulia have joined together to launch Visa-enabled Virtual cards that will be integrated across several solutions in SAP Business Suite. Not only will procurement teams gain greater control over supplier payments to improve cash flow by embedding virtual cards into SAP systems, but the change will mean procurement can support finance goals while improving suppliers' relationships for faster and more efficient payments. Danielle Weinblatt, Chief Product Officer, Taulia , explains: "Embedding virtual cards directly within the ERP landscape and having Lloyds as an issuing partner is a game-changer for corporate payments. This collaboration redefines how businesses manage spend, bringing greater control, automation, and working capital optimization directly into their existing workflows. "By seamlessly integrating virtual cards into enterprise systems, we are not only streamlining payments but also empowering companies to unlock liquidity, enhance cash flow intelligence, and modernize their financial operations-driving smarter, more agile growth in an evolving global economy." Visa-enabled virtual cards These visa-enabled virtual cards are digitally generated payment cards that exist solely in a secure digital format. By integrating these cards into SAP's ERP systems, businesses can issue one-time or recurring virtual cards to suppliers for B2B payments. The cards will offer greater traceability, control and fraud protection compared to traditional payment methods as they each have set spending limits, a unique number and expiry date. Organisations can reduce manual processing and streamline cash flow as the cards enable real-time, automated payments as part of the procurement and accounts payable workflow. Suppliers can accept payments without needing banking or onboarding changes by utilising Visa's global network. The virtual cards will help procurement teams to reduce risk, enhance smarter spend management and improve supplier relationships to enable more flexible and faster payments. Linda Weston, Head of Commercial Cards, Lloyds states: "We are passionate about helping businesses unlock new value streams and our clients are fast recognising the efficiency and financial benefits of deploying virtual cards for supplier payments. "We are thrilled about our partnership with Taulia as it enables truly embedded B2B payments processes in the SAP technology eco-system, making it easy for clients to adopt virtual payments and realise their strategic objectives." How will this benefit procurement? The virtual cards will support both buyer liquidity and supplier satisfaction by allowing procurement teams to extend payment terms while ensuring suppliers can be paid efficiently. Procurement can manage invoicing, sourcing and payment from a single platform to reduce manual tasks and friction by integrating payments with SAP ERP. Virtual cards also allow procurement to enforce policy compliance, track spend in real-time and support better forecasting by providing detailed transaction-level data. Businesses can stay competitive in a dynamic market as the solution adapts effectively to changing procurement needs and support global supplier payments. Not only will each virtual card offer greater protection against misuse or error as it featured built-in limits and expiry, but faster and more reliable payments will help to improve supplier trust and strategic supplier collaboration. The rise of embedded finance Businesses are changing how they manage credit and financial services and payments within core operational systems, such as procurement platforms, due to the rise of embedded finance. Embedded finance is key to digital procurement transformation as it creates more agile, data-led and automated processes. This improves working capital and supplier engagement by ensuring that procurement is a catalyst for value by combining financial tools with real-time insights. The partnership between Taulia and Lloyds highlights how embedded finance is crafting a more intelligent and connected procure-to-pay ecosystem that supports scalable growth and reduces silos between procurement and finance. Lucy Demery, SVP, Head of Visa Commercial Solutions, explains: "Visa's mission is to be the best way to pay and be paid, and embedded finance is a strategic opportunity for us to continue to dream, design and build the future of payments. "Visa can help drive transformative change through embedded finance in commercial payments and this is a fantastic example of bringing this to life, with two exceptional partners." Future-proofing supplier payments By integrating scalable and secure virtual card solutions into core business systems, Taulia and Lloyds are helping to future-proof supplier payments. This means businesses can adapt to changing technology, supply chain and regulatory demands and reduce reliance on outdated payment methods and manual processes. These cards will help to increase efficiency and reduce friction by utilising embedded finance to ensure payments efficiently integrate into procurement processes, allowing organisations to scale across the world, maintain real-time visibility over spend and support diverse supplier bases. Procurement teams can utilise these Visa-enabled cards to operate more strategically and sustainably in the future with this resilient and data-led payment infrastructure. Explore the latest edition of Procurement Magazine and be part of the conversation at our global conference series, Procurement & Supply Chain LIVE . 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