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Virtual cards use surges among procurement leaders, finds SAP Taulia

Tuesday, June 17, 2025 — 15:51:41 (UTC)

SAN FRANCISCO, CALIFORNIA, JUNE 17, 2025 - Procurement teams across the globe are rapidly turning to virtual cards to manage spend, improve efficiency, and reduce risk, according to new research conducted by SAP Taulia1, a global fintech leader of working capital solutions.

Findings show that over 90% of procurement leaders are using, planning to use, or interested in virtual cards — a clear sign that digital payments are gaining momentum. Among the global sample of procurement professionals, data found that:

45% already use virtual cards

28% plan to adopt virtual cards within the next 6-18 months

20% are interested in further implementation of virtual cards

As appetite grows, so does ambition

Nearly nine in 10 (87%) of those who are using, or are planning to use virtual cards, intend to allocate more than 10% of their company’s overall spend to them in the next two years. In EMEA, 85% of respondents say they’ll assign over a quarter of spend to virtual cards, while 54% in the Americas plan to spend the same.

Pain points

The data highlights that there are significant pain points in onboarding new suppliers - challenges which virtual cards can help address.

78% of respondents say it takes more than a month to authorise a new supplier and, for four in ten (40%), the process exceeds three months. The biggest hurdles to onboarding include managing risk and compliance (61%), quickly followed by gathering supplier information (58%). As such, two fifths (41%) of procurement leaders say that they are extremely likely to use virtual cards for one-time supplier payments.

Danielle Weinblatt, Chief Product Officer, at SAP Taulia comments: “Procurement leaders are under increasing pressure to move faster, reduce friction, and make better use of working capital. Virtual cards are emerging as a practical, scalable solution to help achieve that. What we’re seeing in this research reflects the conversations we’re having with customers every day - there’s a real desire to simplify processes, particularly when it comes to one-time supplier payments and onboarding.”

ENDS

Notes to Editors

Taulia rebranded to SAP Taulia in May 2025, following the SAP acquisition in 2022. The brand remains part of the SAP group. Research conducted by SAP Taulia with responses from 170 Procurement leaders from as many as 19 countries globally from businesses revenue that range from $1 billion to $10 billion.

About SAP Taulia

SAP Taulia, a global fintech leader, delivers AI-powered working capital solutions that unlock liquidity and drive supply chain resilience. With a global network of 40+ funding partners and over $800 billion in annual transaction volumes, SAP Taulia offers the most comprehensive set of working capital management tools in the industry - seamlessly embedded into SAP’s Business Suite. Trusted by global leaders like Airbus, Red Bull, T-Mobile, and Bridgestone, SAP Taulia’s reliable and innovative platform empowers businesses to accelerate cash flow and unlock growth opportunities at scale.

Experience the future of finance with SAP Taulia: taulia.com/.

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Source: Company press release.

Categories: Reports and research