Eliminate 80% of your workload spent managing hundreds or thousands of supplier payments
Streamline your entire invoice-to-pay-to-reconciliation AP process.
- 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
- Automate communicate payment status to suppliers
- Instantly reconcile payments, integrate with ERP
- Upgrade AP financial controls, eliminating financial risk.
Elevate AP with Tipalti
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 Yet AP is often a complex process that’s filled with outdated, manual processes for communicating with suppliers, collecting tax forms, interfacing with banks, and reconciling payments.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.”
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.