The Best-Reviewed Finance Automation Software for Growing Businesses

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.

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.

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

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.

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

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

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.

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.

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.

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