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Tipalti is a global finance automation company helping finance teams drive business growth by automating and streamlining accounts payable, mass payments, procurement and employee expenses in one connected suite. Tipalti takes the complexity, cost and risk out of time-consuming financial workflows, making it easy for finance teams to collaborate with employees and suppliers. Tipalti partners with blue-chip banks and financial institutions such as Citi, Wells Fargo, J.P. Morgan and Visa, enabling global companies to efficiently and securely pay millions of suppliers across 196 countries, 6 payment methods and 120 currencies.
Connect with secure pre-built integration methods or our full-featured API. Tipalti removes the friction involved in processing invoices and reconciling payments. Integrate natively with NetSuite, Sage Intacct, Xero and QuickBooks, and connect seamlessly with all other ERP solutions.
Tipalti processes inbound invoices with OCR scanning at header and line-level, machine learning, and managed services ensuring a 99.5% success rate. Once invoices are 100% complete and accurate, Tipalti performs a 2-Way and 3-Way PO match. With just a few clicks to approve the invoice and payment, Tipalti pays invoices in a wide range of payment methods (Local bank transfer, SEPA, Global ACH, US ACH, wire transfer, PayPal, and prepaid debit card) and in 120 currencies in 196 countries.
Financial close can be an exasperating process involving correlation of bank statements and invoice details. With Tipalti, payment remittance results automatically populate NetSuite entity-specific sub-ledgers in real-time for faster, more accurate payment reconciliation and general ledger reporting, automatic supplier payment status communication, and expedited tax reporting that accelerates financial close by 25%.
Remove your finance team from payment status conversations with suppliers. Tipalti automatically communicates each stage of the payment remittance status with suppliers based on their preferred communication methods. Tipalti provides on-demand visibility into payment status and payment history, while also allowing them to update their payment information. Payment status syncs over instantly so your team has easy access to this information in NetSuite with just one click.
Tipalti features a guided self-service web portal available in 17 languages for suppliers to quickly register and update their contact and billing data. Tipalti’s proprietary rules engine, driven by 26,000 global payment rules, identifies payment issues before they happen to reduce payment error rates by 66%. Match VAT IDs on invoice to collected and validated VAT IDs .
You can seamlessly and securely manage accounts payable data and processes across multiple subsidiaries, divisions, global business units, brands – with different AP processes and workflows within a single Tipalti instance, with consolidated headquarter view while syncing with NetSuite entity-specific sub-ledgers in real-time ensuring faster financial close.
