Tipalti

Global partner payment automation system to manage, execute and reconcile the entire process of making outbound payments to partners and suppliers.

Product Overview

Tipalti is an accounts payable software that manages complex payment setups, supporting multiple currencies and international tax compliance. The platform streamlines invoice recording, approval workflows, and global payment processes. Its OCR (Optical Character Recognition) capability and automated invoice processing reduce the risk of errors. Tipalti automates and speeds up the accounts payable and closing processes.

Pros

  • Handles multi-entity
  • Integrations with popular accounting software
  • Invoice-based and performance-based workflows

Cons

  • Can't add bills to scheduled payment order
  • Lengthy setup
  • No VAT or GST functionality between all available integrations

Target Market

Mid-sized to large businesses in tech, eCommerce, and advertising that deal with global payment operations.

About Tipalti

Tipalti is a software designed for handling accounts payable. It efficiently manages intricate payment arrangements and is capable of dealing with various currencies, adhering to international tax laws. This system simplifies recording invoices, streamlining approval processes, and facilitates the execution of global payments.

Tipalti Key Features

Global Payment Capabilities

  • Enables payments in multiple currencies to partners worldwide.
  • Offers a variety of payment methods including wire, ACH, and PayPal.
  • Collects country-specific banking details for efficient payment remittance.
  • Minimizes costs through optimized mass-payment methods based on the payee’s location.

Diverse Payment Options

  • Supports over seven payment methods for global partners.
  • Includes a self-serve dashboard for payees to register and select their preferred payment method.
  • Automates payment remittance, reducing manual entry errors.

Automated Payment Processing

  • Reduces up to 80% of the accounts payable workload.
  • Automates collection of bank information and payee tax forms.
  • Features automatic validation to minimize payment errors.
  • Integrates with ERP systems for streamlined payment reconciliation.

Tax and Regulatory Compliance

  • Gathers tax documentation like W-9s and W-8s during registration.
  • Provides year-end 1099 services for federal and state reporting.
  • Scans payees against global blacklists for compliance with various regulations.

Cost Reduction in Payment Transactions

  • Claims to reduce direct payment costs by more than 25%.
  • Offers flexible transaction cost absorption options between payer and payee.
  • Built-in fraud detection mechanisms for additional security.

Simplified Implementation

  • Features a white-labeled IFRAME for easy integration into websites.
  • Maintains brand consistency while handling payment complexities.
  • Regularly updates tax, regulatory information, and product enhancements on its SaaS platform.
Starting Price
$149 /month
Price Range Learn More
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Product Overview

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