AP AUTOMATION SOLVED

ONBOARDING • INVOICE • PAYMENTS • RECONCILIATION • TAX

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Eliminate 80% of your accounts payable workload by automating the entire supplier payments operation

The only AP automation solution to streamline the entire invoice-to-pay-to-reconciliation accounts payable process.

  • Position business for “AP Free” – Early Payments Automation
  • Streamline supplier onboarding and management
  • Collect and validate W-9, W-8, and VAT tax forms
  • Touchlessly process and approve invoices
  • Effortlessly pay suppliers anywhere in the world
  • Automatically communicate payment status to suppliers
  • Instantly reconcile payments, integrate with ERP
  • Upgrade AP financial controls, eliminating financial risk.
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    TOUCH OF MODERN

    "It used to take a week to pay vendors. With Tipalti, it’s completely automated, while suppliers get paid more promptly, and we no longer need to deal with multiple international banking systems."
    JONATHAN WU, COO

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    DISQUS

    "By turning to Tipalti we have been able to scale our global payment processes rapidly without growing our Accounts Payable team."
    JIM WAGGONER, VP of Finance

Why companies rely on Tipalti for Accounts Payable Automation

Eliminate Manual Processes

Manual effort can lead to wasted time and accounts payable errors. Wipe out 80% of the AP workload spent collecting vendor information, processing invoices, making payments, and reconciling payments.

Add Vendor Self-Service

Our portal lets suppliers update their own contact, payment and tax information directly. Tipalti validates all contact and payment information against over 26,000 global payment rules to eliminate payment errors. Proactive payment status notification is automatically sent via branded emails.

Strengthen Financial Controls

Reduce fraud, compliance, and financial control risk. KPMG-certified tax compliance capability including digital tax form collection and validation. Add OFAC regulatory compliance. Upgrade your AP approval, audit, and fraud prevention processes. Improve payment reconciliation and AP reporting accuracy.

Reconcile in Real-Time

Eliminate the hassle of monthly accounts payable book closures. Accelerate your payment reconciliation across multiple payment methods and cross-border. Integrate payment results into ERP solutions like NetSuite.

Generate Revenue with Early Payments

Extend early payment offers to suppliers so they can get paid early, with no capital requirements from you. Earn referral fees and transform AP from a cost center to AP free or a revenue generator.

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Analyzing Finance and AP Operations

Conducted by TechValidate, this research report delivers findings on accounts payable processes.

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Learn how Touch of Modern grew from $5M to $100M without adding accounts payable staff

How do most companies do accounts payable

AP Automation

Today, for most organizations, accounts payable is a cost center and adding more staff to handle increasing volumes of supplier payments is the only way to support growth. Yet AP is often a complex process that’s filled with outdated, manual processes for communicating with suppliers, collecting tax forms, interfacing with banks, and reconciling payments.

Manual processes lead the accounting operation to more errors, increased costs, and reduced service levels. If paying suppliers matters to your company and its ongoing success, or if the company is growing beyond its manual processes, accounts payable can be either an enabler or an obstacle to growth and a happy suppler network. As they say on TV, “There has to be a better way.”

How Tipalti revolutionizes AP automation

Accounts Payable Automation Supplier Payment Workflow

Tipalti removes the manual effort and complexity that’s required to pay suppliers. Tipalti onboards suppliers and collects and processes their invoices. Tipalti AP automation solution then takes care of securing invoice and payment approvals, makes sure funds are available, and pays in the supplier’s chosen payment method (e.g. US ACH, Global ACH, wire transfer, check, Paypal, etc.). No more logging into individual banking portals or reconciling payments from across multiple accounts.

Tipalti takes care of communicating with suppliers, sending out automated emails regarding payment status and allowing them to update their payment information. Tipalti also collects and validates their W-9, W-8 or VAT information through a KPMG-approved guided interface eliminating an unnecessary hassle later. Finally, Tipalti streamlines the payment reconciliation process for a faster, more accurate financial close. Thats what we call end-to-end AP automation.

Experience the World’s Only End-to-End Supplier Payments Automation Solution

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Contact us today to schedule a demo to see if Tipalti can help automate your accounts payable processes



Accounts Payable Relief with One-Click Payments

In a traditional AP workflow supplier payments may require interaction with multiple web portals and multiple banks or payment providers. Payment information needs to be acquired, manually entered, and validated. You may need to toggle between multiple portals to pay different countries with different payment methods. When you use a one-click payment method, this process is automated with AP software. You pay all of your publishers by simply clicking a button. Payment options can be saved, as well as accounts and other necessary information, so that it does not need to be entered each time. Money is now sent in minutes as opposed to hours.
Rather than collecting payment details by email or phone, you can use a supplier portal that is branded to your look-and-feel, which leaves the payee within your brand experience. Your payees can now choose how payments should be made: global ACH, wires, check, PayPal, local bank transfer etc. Options are also available for your payees to choose the currencies in which they want to be paid. This makes it easy for anyone to use and minimizes the chance of errors in payment information. When your suppliers are satisfied, it leads to more business and a better reputation.
One-click payment can be offered on your web page with an easy, one-line of code integration to make the experience seamless or through a hosted supplier portal. Payables can then be executed with ease, without all the extra work that piles up at the end of the month.

Keeping on Top of Your Payables

Whether you are making mass payments within a large AP organization, you need to stay on top of the information. Automating the process allows you to remain up to date and informed by offering you details when you want them.

As soon as you make a payment, your payees are going to be notified. This allows payees to know that the money is on its way, or already available. With this service, you should notice a higher client satisfaction rate. When mass payments are received, clients no longer need to watch their bank accounts. There will be fewer phone calls and emails wondering when the payment is occurring since it can be scheduled. When payees are informed, payees are happy.

Both the payer and the payee receives notification of payment – full visibility into payment status means both parties can access the details of transactions. This can include information such as amount paid, date of the transaction, taxes that may be withheld, or fees taken out. The details will depend on the contract with your payees, the type of payment used, and other options that you choose.

Within the supplier portal, payees are required to fill out relevant tax information (W9, W8, W8BENE etc). If their personal information changes at any time, you receive notification of these updates. This allows your business to stay on track with where your clients are located or other necessary information that may be needed for tax purposes. You can also generate 1099/1046 reports if desired.

When you automate your global payables operation, you are not only streamlining the payment process. You are also creating a process that lets you easily track and reconcile where and to whom your payments are going. This makes taxes and report-generation much more efficient.