How Business Services Scale Supplier Payments

In a world where you’ve got thousands of small vendors, you want an efficient way to get people onboard and paid. We turned what was a 100-day turnaround to get people paid to a two-week turnaround.

Ed Klaris

CEO at KlarisIP

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Wipeout 80% manual processes

Automate invoice workflows

Easily onboard suppliers

Execute global payments

Simplify multi-entity payables

A payables process you’ll never think about again.

Automate the entire process for paying your network of global freelancers and contractors.

Touchless AP is a reality.

Invoices are read through OCR for straight-through processing, including the entire approval cycle from invoice to payment.

Reduce the friction of making your suppliers payable.

A complete whitelabeled, self-service onboarding system that’s easy to implement and intelligent.

Pay anyone, anywhere.

Pay suppliers in 196 countries using 120 currencies, and across multiple payment methods in a matter of clicks.

Centralize payables operations.

Tipalti makes it easy to bring accounts payable controls and execution to businesses with multiple subsidiaries and business units.

Hear from our business services customers

How Business Services Companies Scale Supplier Payments 1

ULG

Translation firm needed to efficiently pay 10,000 linguists

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ServiceRocket

Experienced an 80% decrease in accounts payable processing time

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FundBox

SMB loan company eliminated 20 hours a month in workload

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Why trust Tipalti with your AP operation?

Eliminate Manual Processes

Manual effort can lead to partner payment errors. Dramatically reduce payment workload by 80% with self-service onboarding, automated communications, and a unified payment processing interface. You’ll also reduce payment errors and potential fraud.

Pay Suppliers Anywhere

Offer the most flexible payment options (including US ACH, wire transfer, global ACH, PayPal, prepaid debit, or paper check) to retain the best suppliers and contractors to improve your service quality, while reducing the risk of paying fraudsters. They can also be paid in their local currency.

Add Financial Controls

Ensure invoices are approved by the right signatories and payment execution is signed off by key executives. Tipalti provides deep financial controls to secure payables activities.

Effortless Tax Compliance

Don’t wait until year-end to hunt down supplier for their tax forms. Collect W-9, W-8 series, or VAT ID forms and produce submission-ready 1099 and 1042-S reports.

How Business Services Companies Scale Supplier Payments 2

Tipalti saves me time. Instead of entering bills, I’m focusing on finding strategic solutions for other challenges that we’re facing.

Jocelyn Olsen

Senior Staff Accountant at PrinterLogic

How Business Services Companies Use Tipalti

How Business Services Companies Scale Supplier Payments 3

Suppliers login into a self-service secure web portal

They provide identity, payment details, and tax information (e.g. W8, W9, VAT).
Tipalti verifies payment details using over 26,000 rules.
The portal provides updates on payment status and allows for self-service changes.

Suppliers can submit invoices directly or bills can be synced from ERP

Suppliers can email invoices or upload them directly from the Supplier Hub web portal.
Tipalti integrates with your ERP, performance tracking data, through the Tipalti API, or accepts a payment instruction file.
Tipalti AI routes invoices and payment instructions to the organization’s approvers.

Payments are scheduled and sent

Once approved, Tipalti routes payments internally to secure approvals, making sure funds exist, and paying in the supplier’s chosen payment method (e.g. ACH, wire transfer, PayPal, etc.).
No more logging into individual banking portals or reconciling payments from across multiple accounts.
Tipalti sends the payments out through the proper banking channels.
Tipalti alerts payees of payment status and reports any issues to them if funds don’t land.
Payments and transaction fees are fully reported for reconciliation in real time to the ERP.

Tipalti is the most comprehensive payables platform available

Learn more by exploring our feature set