The Total Guide to Microsoft Dynamics 365

How Does AP Automation Software Integration Work With Microsoft Dynamics 365?

AP automation software, which streamlines and automates supplier onboarding, accounts payable, and payments, integrates with Microsoft Dynamics 365 via flat-file integration or API. Tipalti SaaS AP automation software uses flat-file integration with Microsoft Dynamics 365, ideal for transferring data to make global mass payments. Tipalti is accessible through the same Dynamics 365 login.

Tipalti multi-entity AP automation software includes these features:

• Self-service supplier onboarding through a Supplier Hub 
• Supplier validation with TIN checking 
• AI-enhanced invoice digitization with data capture by headings and line items
• Automated general ledger account coding, using generative AI
• Applying 26,000+ payment rules to avoid paying duplicate invoices and detect errors
• 3-way or 2-way matching with purchase orders and receiving data
• Automated global regulatory compliance and simple supplier tax compliance reporting
• Automatic approvals routing and communications
• Global batch payments using a choice of electronic payment methods in 196 countries and 120 currencies
• Real-time payment reconciliation
• Spend visibility by each entity and with a combined view 
• Ask Tipalti AI℠ digital assistant for answering your spend queries 
• Invoice receipt and payment status, with history in the Supplier Hub
• Enterprise-grade security and audit trails

Self-service supplier onboarding saves accounts payable staff time and increases contact and payment information accuracy. Every supplier’s W-9 or W-8 form is collected before their first payment, eliminating the need for follow-up at year-end. Tipalti automatically tracks supplier payments and reports them in the system’s 1099 and 1042-S preparation reports for simplifying tax compliance. TIN verification reduces fraud and helps you avoid IRS penalties for 1099 forms with inaccurate taxpayer ID numbers. 

When invoice processing is ultra-efficient, your business or organization can perform invoice processing on time to take lucrative early payment discounts like 2/10 net 30 from suppliers to reduce inventory costs, Cost of Goods Sold, and other expenses from purchases. 

Tipalti end-to-end AP automation reduces payables workflow time by 80%. Tipalti AP automation software is scalable, reducing hiring needs when volume increases. The Tipalti software error detection tools can reduce errors by 66%. The real-time payment reconciliation speeds the accounting close by up to 25%.

Other Tipalti software products work as unified finance automation software on the Tipalti platform that integrates with your Microsoft Dynamics 365 ERP (or other ERP or accounting software). Tipalti Expenses and advanced FX software products, Multi-FX and FX Hedging, are combined with AP automation to work together. 

Tipalti Expenses includes a mobile app for expense receipts captured via photos, automatic expense report preparation, company T&E policy compliance checks, and routed approvals (or rejections). The AP automation software makes payments for employee reimbursement of necessary and reasonable business expenses. For making and tracking employee spending on non-PO items, Tipalti offers approved users a corporate spending card with rewards called the Tipalti Card. 

For advanced FX, Tipalti Multi-FX lets your company use a single centralized virtual bank account to make cross-border payments instead of setting up a regional international network of banks. Tipalti FX Hedging allows your company to lock in foreign exchange rates on accounts payable invoices. 

Tipati mass payments software significantly increases the efficiency of making payouts (in a batch volume of up to thousands) to creatives, publishers, affiliates and influencers, streamers, and independent contractors like freelancers. Besides having ERP integration with Microsoft Dynamics 365 ERP, Tipalti mass payments software also integrates with performance marketing systems (platforms) that calculate the amounts due for these payouts. 

Tipalti Procurement automation software includes the intake of employee purchase requisitions, automates approval routings, and automatically creates purchase orders from approved PRs. All stakeholders have visibility into the process. Tipalti Procurement helps your company control business spend by category in real-time.