Back 
Finance teams are responsible for driving accuracy, speed, and visibility across the business. At Tipalti, we focus on building tools that help you stay ahead of these demands by simplifying complex workflows. This month, we are introducing three new capabilities designed to make managing spend and payments smarter and more integrated, ensuring your team can maintain momentum without sacrificing oversight.
Pay Invoices with Tipalti Virtual Cards: Security and Incentives
The Tipalti Card now offers more ways to manage invoice payments and recurring spend. US customers can pay invoices using secure virtual cards that follow your existing review and approval processes, keeping your internal controls intact. For recurring expenses, Tipalti Card now mirrors your standard Tipalti workflows, including automatic transaction matching and ERP synchronization. This update allows you to gain more automation and cashback while maintaining the same reliable oversight you expect from our platform.
Tipalti Card programs provide an additional growth opportunity for finance teams. “Pay Bills by Card” helps customers earn cashback when paying invoices using virtual card technology. Tipalti manages the entire virtual card setup, reducing customer effort while enabling you to earn cash rebates on your payments. Hundreds of Tipalti customers have joined this program, and some are already earning enough cashback to offset their annual SaaS fees. Beyond automation, Tipalti Card programs provide the tools to monetize standard spend while maintaining total financial control, such as:
- Integrated with Tipalti Platform: For both invoice payments and recurring spend, the process mirrors your existing workflows, including automatic transaction matching and ERP synchronization.
- Single-Use Virtual Cards: Assign unique identifiers to specific suppliers for set amounts and defined date ranges. Once the authorized payment is processed, the identifier becomes inactive, eliminating the risk of unauthorized future charges or digital theft.
- Monetizing Accounts Payable: Transitioning high-volume invoice payments to virtual cards allows businesses to earn substantial cashback rebates on their standard spend. This effectively turns the accounts payable department into a revenue generator, as these rebates can offset operating costs or fund further growth.
- Total Control Without Friction: Invoices paid by card still follow your standard invoice review and approval process.
Multi-Entity Team Management Hub: Scaling with Precision
To help you scale securely, we introduced Team Management to simplify access management across multiple regions and business units. This feature provides a straightforward way to assign predefined or custom roles across both Accounts Payable and Mass Payments. By ensuring that team members have the specific access they need, your workflows stay organized and consistent. This makes it easier to manage permissions as your organization grows, without adding administrative complexity.
Combating Privilege Creep in Scaling Organizations
One of the most persistent risks in a growing company is privilege creep: the gradual accumulation of unnecessary system permissions as employees change roles or business units. To prevent privilege creep as the organization grows, Tipalti provides a centralized management hub that streamlines user and permission management, making it easy to manage global users, roles, and entities, including:
- Customized Access and Roles: Assign predefined or custom roles across accounts payable, mass payments, regions, and legal entities.
- Productivity and Reach: This ensures that every team member has the exact access to do their job efficiently.
- Audit Readiness: Maintaining clear audit trails of who has access to specific financial data is critical for compliance.
Credit-Based Funding: Strategic Cash Flow
Fund with Card provides a flexible option to keep payments moving during tight cash flow periods. This feature allows you to use an existing credit line to fund payment runs, helping you bridge short-term gaps and preserve operating cash. You can continue to work entirely within the Tipalti platform, earning rewards from your card program on every funding transaction.
Solving the Liquidity Paradox
High-growth businesses often face a liquidity paradox: they have strong revenue growth but limited immediate cash, as capital is tied up in inventory or outstanding receivables.
- Bridge the Funding Gap: Leverage your existing credit lines to fund payment runs, ensuring operational continuity even during periods of tight cash flow.
- Working Capital Optimization: This serves as a strategic buffer, enabling you to optimize working capital and invest in new opportunities as they emerge.
- Strengthen Vendor Relationships: Prompt or early payments position your company as a preferred customer.
- Supply Chain Benefits: This preferential treatment can result in faster delivery times and priority access to limited inventory during supply shortages.
- Capture Early Payment Discounts: Many vendors offer significant annual savings for early payment terms.
- Financial Strategy: Flexible funding options enable your finance team to capture these savings, which often exceed the cost of financing.
- Stay on Schedule: Ensure your payments stay strictly on schedule through a single, unified platform.
- Operational Continuity: This eliminates late fees and service disruptions caused by funding delays.
Together, these updates provide finance teams with the advanced tools needed to scale with precision and intelligence. By leveraging secure virtual card invoice payments, centralizing multi-entity team management to eliminate privilege creep, and using credit-based funding to optimize working capital, Tipalti ensures your operations remain agile and secure. These integrated capabilities free your teams to capture financial incentives and drive growth without sacrificing oversight.
Watch the video to learn more.
