AP is now all about AUTOMATING PAYMENTS

ACCOUNTS PAYABLE SOLVED

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

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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 AML regulatory compliance. Upgrade your AP approval, audit, and fraud prevention processes. Improve payment reconciliation and AP reporting accuracy.

Reconcile in Real-Time

Accelerate your payment reconciliation process with multi-payment method, cross-region payment reconciliation reporting. Integrate payment results into ERP solutions like NetSuite.

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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 AP staff

How Most Companies Do Accounts Payable

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 Automates Accounts Payable Processes

Accounts Payable 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