The Best-Reviewed Finance Automation Software for Growing Businesses
Reviews and recognition
2024
2024 CRN Partner Program Guide
CRN’s annual Partner Program Guide provides essential information to solution providers exploring technology vendor partner programs that offer high value and align with their business needs. Recognition on this list reflects the value of spotlighted vendor partner programs and their commitment to evolving with solution providers and supporting channel success.
2024
SelectHub ‘Best Of’ for 2024
SelectHub’s ‘Best Of’ Awards for 2024 celebrates the premier accounting software solutions based on the comprehensive and transparent evaluation of leading vendors in the market, including analyst ratings and user reviews. These awards shine a light on a range of software solutions that excel in essential areas such as financial reporting, compliance and automation, to drive efficiency and growth.
2023
TrustRadius Top Rated Accounts Payable Software
Recognizes the most trusted and reliable vendors according to the people who matter most—customers.
2023
TrustRadius 2023 Winter Award Finalist in Accounts Payables
Awarded for the Best Feature Set, Best Value for Price, and Best Relationship.
2023
G2 Summer Mid-Market Leader
G2’s market reports highlight software products and companies that provide best-in-class customer service products and experiences for their customers.
2023
G2 Summer Mid-Market Best Est. ROI
G2’s market reports highlight software products and companies that provide best-in-class customer service products and experiences for their customers.
2022
MES Matters 2022: The Key Vendors Serving The Midmarket
Vendors were evaluated based on program requirements and offerings such as partner training and education, pre- and post-sales support, marketing programs and resources, technical support, and communication.
2021
CB Insights’ Fintech 250 List of Top Fintech Startups
List of the 250 most promising private fintech companies in the world. The winners of 2022 are shaping the future of financial services.
2021
Fortune Best Workplaces in the Bay Area – Small and Medium
The only company culture award in America that selects winners based on how fairly employees are treated. Companies are assessed on how well they are creating a great employee experience.
2021
IDC MarketScape Worldwide SaaS and Cloud-Enabled Leader in Midmarket Accounts
The assessment was based on an evaluation of eleven SaaS and cloud-enabled AP vendors in the market.
2021
Inc. 5000 List of America’s Fast-Growing Companies (4th Consecutive Year)
The assessment was based on an evaluation of eleven SaaS and cloud-enabled AP vendors in the market.
2021
Spend Matters SolutionMap AP Value Leader
Recognizes the best-in-class companies in the procurement and supply chain market. These firms lead the charge on new procurement technologies and services, setting the industry standard.
2021
TrustRadius’ Best of Finance Software for Accounts Payable
The most trusted and reliable vendors according to the people who matter most—customers.
Reviews from Tipalti customers
Very efficient and economical tool
For the the strategy I use in the company, Tipalti has been the best investment without a doubt. It streamlined all the processes from the first moment, and it has become an essential tool for the company and my work team. The overall experience is magnificent.
I like it because it allows me to easily use the functions, which by the way are extraordinary and this saves me a lot of time. There are other programs that although they are a little more economical, they are a lot of work when you start using them. Therefore, the best thing is undoubtedly the ease with which you can start using it in the company.
Switched from Invoice2go and BILL
I made the change because the compatibility problems I had were severe. So I had to look for the best option that could cover all the needs of my work section. That’s how I came to Tipalti. I have never had any problems with this tool. It is the best of its kind.
See more reviews on Capterra
Tipalti automates a lot of our procure to pay workflow.
Previously our accounts payable team spent a lot of time coding invoices and chasing approvals. Tipalti enables us to control spend with clear approval flows, while also reducing speeding up bill processing, which means quicker payments for our suppliers. Tipalti’s Supplier Hub also reduces queries from suppliers as they can easily view the status of a bill or payment. From a customer relationship standpoint, implementation was very smooth, and ongoing customer support is very strong.
See more reviews on G2Crowd
Totally saved by the amazing Tipalti implementation team
The platform itself is really easy to navigate around, and it’s easy to find information on previous payments. We were able to customise the exports from Tipalti to import the information into our now outdated finance system. We went from taking months to process our 700+ royalty payments, to hours.
Following our great experience with the payments platform, we expanded to the procurement platform, which has also greatly improved our purchasing process, further reducing time taken to make payment runs, and improving the quality of the data we have regarding purchases.
See more reviews on G2Crowd
International Payments Made Easy
Tipalti’s implementation and support teams have been great throughout. We have realized cost savings in both personnel costs and foreign transaction fees. Tipalti has put our finance department one step closer to our goal of operational excellence.
We love the user friendly interface and the ease of navigating around the system. Tipalti makes it easy to quickly view status of payments and invoices. Having one payment run for international and domestic payments reduces time and costs. It is fantastic having a completely paperless payable process!
Switched from AvidXchange, Stampli, BILL Accounts Payable & Receivable and SAP Concur
See more reviews on Capterra
Fantastic Team, Company and Service
We need a payment solution for paying nearly 1,000 publishers all around the world and we needed it fast. It had to work, it had to work well and we didn’t want to deal with all of the hassles that this workflow could potentially entail. Tipalti’s team made it easy, answered all of our questions, put our minds at ease and most importantly, got the job done. After having gone through the process manually one time, we could easily see the clear advantages Tipalti brought to the table. And they keep exceeding expectations every day.
See more reviews on Capterra
Game changer in payment processing
Incredible software for processing payments that also handles bookeeping. Keeps everything organized and very efficient. Multi layers of approval processes that will be useful as the company scales. I use daily and it’s the only way I handle vendor payments.
See more reviews on G2Crowd
Great tool to make multiple payments
I’ve used Tipalti for the last three months. It’s straightforward to manage and has allowed me to pay hundreds of new contractors located in different part of the world allowing them to choose between multiple payments methods for a reasonable fee. I love that contractors can create their own account by filling out their personal, tax and bank information, I can customize the app for them to receive notifications of the status of their payments. The invoice feature is one of the most valuable to me and has allowed me to streamline the process. Customer support is excellent.
See more reviews on Capterra
Bringing order to chaos
We’ve used Tipalti since their early days and have been very happy with the services and features. I was looking for a way to pay our research contractors who live worldwide. We’ve paid people in more than 100 countries and with that needed to improve the efficiency of the process. We also had a concern that our worldwide payments are in compliance with money transfer regulations. Tipalti brought a terrific money transfer solution that’s very efficient and supports a variety of payment options. We implemented Tipalti into our payment process and have since transferred millions of dollars worldwide.
See more reviews on Capterra
Timesaver! Efficient, Transparent and Organized Payments
I prefer Tipalti over all other AP software. It implores the help of vendors to get their respective invoices paid, which means there is less back and forth between the Finance Team and vendors. There is full visibility on where the invoices are in the payment process and that eliminates a lot of back and forth between vendors regarding payment status as well. All in all, a great tool for vendor management, invoice processing and payments!
The software was easy to use, and made the process for onboarding vendors quick and seamless. Vendors were able to assist with the creation of their own profiles and were able to navigate the portal pretty easily. This eliminated a lot of tedious work on our AP side. It allowed us to have vendor profiles setup quickly and allowed us to process payments in a timely manner. I also really like the fact that the software recognizes past invoices and vendors we’ve worked with, and can populate future invoice processing based on these past transactions. We work with the same vendors on a consistent basis, so when the software recognizes that and helps us create invoices based on past projects, it helps speed things up on our end. An incredible timesaver!
See more reviews on Capterra
Great product – huge time saver!
First and foremost – it helped us decrease request processing time and remove hundreds of email threads per month. That alone is a worthwhile reason (bureaucracy is a speedbump for businesses). It also gave us a window to look into vendor performance and spend patterns – which help us make the processes more efficient. All in all – great product. needs a little adjustment for full automation but will highly recommend!
Pros: The product is very easy to use, and the integration was very easy (including great help from the team!). It features a centralized and searchable vendor portal for all vendor data in an easy-to-use interface, and completes it with an automated vendor on-boarding process – which makes life super easy. The product also allows me to easily set up standardized PR and PO processes to streamline the end-to-end procurement cycle, which is a huge help.
See more reviews on Capterra
Great software for accounts automation
A good platform with great customer support, saves a lot of costs and increases profits, suitable for many companies of different types and sizes.
This platform works to automate accounts, especially accounts payable, use it to issue and track invoices and it gave a good result, saves a lot of time needed to manage payments to suppliers, is also useful in preparing the tax form and in transfers and settlement of payments and others.
Switched from SAP Concur
See more reviews on Capterra
A good Streamlined Solution for Payables
We’ve been using Tipalti for a while now, and we’ve found it to be a valuable tool for streamlining our payables processes. One of the things we appreciate most about Tipalti is its flexible REST API, which allows us to integrate the platform seamlessly with our existing systems. This has helped us to automate many of our manual tasks, saving us time and money.
Another key benefit of Tipalti is its security features. We feel confident that our financial data is safe and secure when using Tipalti. The platform’s mass payment capabilities are also very helpful, as they allow us to quickly and easily make payments to a large number of suppliers.
See more reviews on G2Crowd
Product and solutions awards
2024
Company
Inc. 5000 List of America’s Fast-Growing Companies
(7th Consecutive Year)
Company
CNBC World’s Top Fintech Company
Partner
CRN Partner Program Guide
Company
SelectHub ‘Best Of’ for 2024
2023
Company
Deloitte Technology Fast 500
(6th Consecutive Year)
Company
Inc. 5000 List of America’s Fast-Growing Companies
(6th Consecutive Year)
Partner
CRN Partner Program Guide
Company
CNBC World’s Top Fintech Company
Company
Globee Awards for American Business – Gold Globee Winner
Company
Merit Awards for Technology – Gold Winner
Product
SaaS Awards Finalist
2022
Company
Inc. 5000 List of America’s Fast-Growing Companies
(5th Consecutive Year)
Company
Deloitte Fast 500
(5th Consecutive Year)
Company
TrustRadius 2022 Top Rated
Company
CB Insights Fintech 250
Company
GetApp Category Leader
Company
G2 Top 50 Best Software Award
Category: Accounting & Finance Products
Customer Stories
Read how Tipalti is transforming the way customers do business
News
Tipalti Newsroom
Chen Amit: The GTM Story of Tipalti
Tipalti CEO Chen Amit joins the Unicorn Builders podcast to discuss his plans to innovate and expand the company’s product offerings.
The world’s top 250 fintech companies: 2024
Tipalti makes CNBC’s annual list of top fintech companies globally that are shaping the future of financial services.
Tipalti CEO Chen Amit talks M&A, payments and growth
Tipalti CEO Chen Amit talks to the San Francisco Business Times about the secret to the company’s impressive growth.
Tipalti Named Growth Partner of the Year By NetSuite
The Growth Partner of the Year Award recognizes Tipalti’s meaningful investment in its partnership with NetSuite.
2023 Year in Review—A Letter from Our CEO
Chen Amit recaps Tipalti milestones of 2023 and emphasizes Tipalti’s commitment to being the best partner in finance automation for 2024 and beyond.
FAQs
How secure is Tipalti?
Tipalti is considered a highly secure platform that follows strict security protocols to protect user data and financial transactions. The key aspects of Tipalti’s security include:
Data Encryption
Advanced encryption (like AES-256) safeguards data both at rest and in transit, protecting sensitive information like personal data, payment details, banking information, and your audit trail.
Role-based Access Control
The system enables companies to manage who can access different data types, reducing the risk of internal security breaches.
Compliance
Tipalti is a cloud-based platform that complies with various industry standards, including SOC 2 Type II, GDPR (data privacy, and PCI DSS for secure payment processing. These stringent certifications and regulations ensure that data is always managed securely and privately.
Two-Factor Authentication
Tipalti has 2FA to prevent unauthorized access to accounts. This easy tool adds an extra layer of security.
Fraud Detection
Tipalti offers built-in tools for detecting and managing fraud and risk. This includes advanced algorithms to monitor suspicious activity and flag potential fraud before it has a chance to impact the business.
Audits and Updates
Tipalti undergoes regular security audits and updates the software continuously. This helps address potential vulnerabilities and ensures compliance with regulatory standards.
Global Compliance
Tipalti complies with local payment regulations, payable processes, and tax requirements, reducing risk associated with global transactions.
Is Tipalti a legit site?
Yes, Tipalti is a legitimate site. It was founded in 2010 and is a highly reputable company in the fintech industry. The brand specializes in automating accounts payable, optimizing global payments, and streamlining workflows to improve accuracy, ensure compliance, and strengthen business relationships.
Companies of any size, and in a variety of markets, use Tipalti to manage complex payment requirements, especially when paying global vendors, freelancers, and contractors.
The brand is known for offering high-tech features like tax form collection, multi-currency payment processing, instant reconciliation, fraud detection, and much more, making it a prime choice for companies with global operations.
What differentiates Tipalti AP Automation from other similar products?
Tipalti differentiates its offering from other AP automation solutions via a comprehensive approach to cross-border payment processing, global tax compliance, and the ease of scalability.
Some of the unique features that set Tipalti apart from the rest include:
Global Payment Processing
Tipalti enables a business to expand financial operations in multiple currencies, using a variety of payment methods (like ACH, Global ACH, wire, PayPal, prepaid cards, and more) across 190+ countries.
The system automates currency conversions and ensures compliance with local regulations, making it ideal for companies with international vendors and freelancers.
Self-Service Supplier Portal
The Tipalti suite of features includes a self-service supplier portal that enables vendors to manage things like payment preferences, tax forms, and banking data. The SaaS is a real game-changer for supplier onboarding.
This type of invoice management reduces administrative workload and improves the vendor experience by giving suppliers control over their payment information.
Built-in Compliance and Security
The intuitive system automates the tasks of tax form collection, validation, and storage. This helps businesses manage compliance for domestic and international vendors. It supports US tax forms like W-8, W-9, and 1099, ensuring proper documentation and minimizing risks during tax season.
Tipalti also adheres to strict compliance standards, like SOC 2 Type II, GDPR, and PCI DSS. This provides an added reassurance for companies looking for secure, regulatory-compliant systems.
Additional Differentiating Features
- Automated payment reconciliation with flagged discrepancies
- Customizable workflows and approval processes
- Seamless ERP integrations with top brands like QuickBooks and NetSuite and e-commerce platforms like Amazon
- Cloud-based design for easier scalability and implementation
What is Tipalti AP Automation?
Tipalti is a popular, cloud-based AP automation platform that is designed to streamline everything from invoice capture to global payments and reconciliation.
The payment solution simplifies tasks for the AP team and enables them to manage complex payment structures, improve accuracy, and reduce the manual workload associated with managing vendor invoices and payments. Especially on a global basis.
The key features of Tipalti include:
- Invoice processing using Optical Character Recognition (OCR) and machine learning
- Global payments in 120+ currencies to over 190 countries
- Multiple payment methods, including ACH, wires, PayPal, and checks
- Self-service supplier management and tax form collection with instant notifications
- Automated payment reconciliation with verifies matching
Tipalti offers extensive fraud detection and security with SOC 2 Type II and PCI DSS. This is important for Tipalti’s open ERP integrations with top brands like QuickBooks and NetSuite. The system also provides detailed, customizable reports to gain real-time insights into AP processes for better decision-making.
What types of pricing plans does Tipalti offer?
Tipalti offers pricing plans for two types of features: Accounts Payable and Mass Payments.
Accounts Payable
Starter Plan – $99/month
- Supplier portal for self onboarding
- W9/W8 collection and TIN validation
- AI Smart Scan invoice processing
- Flexible bill approval rules builder
- Domestic multi-entity infrastructure
- Integrations with leading ERPs
- Option to add Card and Expenses
Premium – Custom Pricing
- Starter Features
- Easy to use, unlimited intake requests
- 2 and 3-way purchase order matching (PO matching)
- Global multi-entity and multi-currency infrastructure
- Option to add Mass Payments
Elite – Custom Pricing
- Premium Features
- Fully featured, customizable, and integrated Procurement solution
- Customized & advanced approval rules for purchase requests
- Budget management
- Integrations with Slack
Mass Payments
Accelerate – Custom Pricing
- Customizable, embeddable payee self onboarding
- W9/W8 collection and TIN validation
- 50+ payment methods to 196 countries in +120 currencies
- Two-way API sync with performance tracking software and ERPs
- Global multi-entity and multi-currency infrastructure
- Option to add Expenses
Plus – Custom Pricing
- Includes all Accelerate features
- Tipalti Detect risk module for fraud monitoring
- Self-billing with payee approvals
- Access to Tipalti Developer Hub and APIs
- Option to add AP, Procurement, Expenses, and Card
What type of customer support is available from Tipalti?
Tipalti provides extensive tools for customer support along your entire payables automation journey. Some of the main features include:
Standard Customer Support
This free feature includes access to Tipalti’s support team through email and online ticketing. Response times are based on the nature and urgency of the inquiry. Standard customer support typically works to resolve routine issues and to get answers about platform functionality.
Premium Customer Support
For companies that require the quickest response or a more tailored experience, Tipalti offers premium support packages. This comes with a dedicated Account Manager who will provide guidance and insights, with more hands-on support.
Help Center and Knowledge Base
Online knowledge base that provides users access to tutorials, FAQs, and best practices for using the system. This 24/7, self-service resource helps troubleshoot minor issues or learn more about specific features.
Onboarding and Implementation Support
Tipalti comes with specialized onboarding and implementation support. This includes detailed training for new users, system setup assistance, and integration with ERP systems like NetSuite or QuickBooks. This is particularly valuable for organizations that need a smooth transition to the platform.
Additional Support Features
- API technical support for custom integrations
- Regular webinars and product updates
- Community forum to share my experience and yours
What are the main features of Tipalti’s payment automation platform?
Tipalti is an end-to-end payable solution that offers extensive features for managing financial operations. Some of the main features that make this such a popular tool include:
International Payment Processing
The system allows payments in 120+ currencies and supports various payment methods. This includes methods like:
- ACH
- Wire transfers
- PayPal
- Prepaid debit cards
- Local bank transfers
The system enables payments in more than 190 countries. This global reach is why companies with international vendors and contractors often choose Tipalti.
Customizable Approval Workflows
Organizations can set up custom approval workflows to match specific business needs and internal controls. This ensures continued compliance with internal policies and provides visibility into each stage of the AP process
Self-Service Supplier Portal
The self-service portal lets suppliers input and update their payment data, tax forms, and preferences, reducing manual workload. Vendors can also view their payment statuses, which enhances visibility and reduces inquiries.
Automated Invoice Processing
The system automates invoice capture, processing, and approvals using OCR, AI, and ML. This improves accuracy and reduces the manual workload. Invoices are routed automatically to the proper approver based on custom workflows, saving time and minimizing mistakes.
Built-in Tax Compliance
The system automates tax form collection and validation for US and global vendors (such as W-8, W-9, and 1099 forms). It helps a business manage tax reporting, ensuring compliance with tax regulations and simplifying year-end tax preparation.
Multi-Entity Support
Businesses operating multiple subsidiaries enjoy Tipalti’s multi-support feature which enables centralized management of AP processes across different entities. It also gives you options for customized workflows, bank accounts, and reporting.
Additional Features
- Payment reconciliation for real-time visibility into cash flow
- Fraud detection and risk management to enhance security
- Currency conversion and FX management with competitive rates
- ERP and accounting system integrations with popular brands
- Multi-language and localization support for clearer communication
Tipalti also offers advanced reporting and analytics with a user-friendly dashboard for simple visibility. Gain key insights into supplier data, payment activities, and AP performance, all with a single tool.
Can Tipalti integrate with accounting software like QuickBooks or Xero?
Yes, Tipalti integrates with popular accounting software. This includes top brands like:
- QuickBooks
- Xero
- Sage Intacct
These top integrations enable seamless data flow between Tipalti and your accounting software, eliminating the need for manual labor, reducing errors, and enhancing visibility into global financial transactions.
Can Tipalti handle international payments and currency conversions?
Tipalti is designed to seamlessly manage global payments and currency conversions, making it a valuable tool for companies with international suppliers, contractors, or partners.
Here’s how the system supports global transactions:
Multi-Currency Payments
Tipalti enables companies to send payments in 120+ currencies, supporting a variety of payment methods like ACH, wire transfers, checks, PayPal, and more.
This type of flexibility allows organizations to pay vendors in their local currencies, vastly improving payment satisfaction and simplifying the transaction process.
Currency Conversion Rates
The Tipalti brand offers currency conversion features with competitive FX rates. This helps companies save on foreign exchange fees. It allows them to automatically convert funds, streamlining the entire payment process for global vendors.
Country-Specific Compliance
Tipalti ensures that all payments comply with local standards and regulations. They also offer support for country-specific payment method. This means companies can avoid regulatory issues when working globally.
Automated Tax Compliance
For global suppliers, Tipalti automates tax form collection and validation (such as W-8 forms). This ensures companies remain compliant with tax obligations and reduces the risk of penalties.
Multi-Entity Support
The Tipalti ecosystem supports multi-entity management. This is important for finance teams. It allows companies with multiple subsidiaries in different countries to centralize their AP processes while still supporting unique currency and compliance needs for each entity.
Payment Tracking
Using the self-service portal, suppliers can track payment status and currency conversions. Not only does this enhance transparency, but it reduces inquiries about payment delays or amounts.
What features do users commonly praise in Tipalti reviews?
Users praise a lot of the features Tipalti has to offer. The system is especially recognized for its efficiency, ease of use, and comprehensive support for international transactions. Here is a quick breakdown of the most commonly lauded features:
Global Payment Processing
Users can appreciate Tipalti’s ability to handle payments across more than 190 countries, supporting 120+ currencies. Additionally, the wide array of payment methods (like ACH, wire transfers, and local payment options), is often highlighted for making it much easier to pay global vendors and contractors.
Self-Service Supplier Portal
Everyone loves the ability to help themselves and that’s just what Tipalti’s self-service supplier portal offers. The user-friendly interface is frequently praised by reviewers as it allows vendors to manage their payment details, tax forms, and preferences independently.
This type of self-service option also reduces administrative burden and increases vendor satisfaction by empowering suppliers to manage their own information.
Automated Tax Compliance
Tipalti offers a built-in tax compliance engine that will automatically collect and validate a series of tax forms (like W-8 and W-9). This helps to reduce errors and minimize stress. Especially during tax season. This feature is particularly valued by global businesses that have complex tax requirements.
Streamlined Payment Reconciliation
Mechanized reconciliation takes half the time. Users often commend Tipalti for automating payment reconciliation. This task matches payments with bank transactions, reducing the need for manual work and helping to keep financial records accurate and up-to-date.
Additional Features
- Fraud detection and security
- ERP integrations with top brands
- Ease of use and implementation
- Customizable approval workflows
- Detailed reporting and analytics
Ready to save time and money?
Book a demo to get started today and take control of your finance operations with Tipalti.
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