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
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
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.
Select the right capabilities for your needs
I need Tipalti to:
4 Signs You’re Outgrowing Bill.com for Accounts Payable
Increasing payment volumes is one. What are the others?