What’s New with Tipalti Mass Payments
Learn what’s new, what’s improved, and what’s coming for Tipalti Mass Payments customers in 2024.
Supporting Your Global Growth
Scaling with you as you grow sets Tipalti apart as your trusted partner in global payments and we’re committed to helping you grow your business beyond borders with ease.
Hello, Canada: We’re proud to announce that Canadian-specific plans and pricing are now available to Canadian businesses. Send EFT payments from Canadian entities like a local with more competitive transaction fees and faster delivery times.
Local Rails in the Nordics: To facilitate access to the Nordics, you can now send local bank transfers to Denmark, Norway, and Sweden in local currencies.
Accented Characters Support: Offer a more inclusive onboarding experience to payees worldwide. Your onboarding workflows will now support accented characters, unique letters, and additional punctuation marks in names, addresses, and other onboarding details. This upgrade also lets you easily sync payee data with accented characters to and from your ERP.
Always Keeping You Compliant
At Tipalti, we monitor all regulatory and tax changes so you don’t have to, ensuring you remain compliant and safeguarding your reputation.
DAC7 Compliance: Efficiently comply with the EU’s new DAC7 reporting requirements for digital platform operators. Guide payees through the secure data collection during onboarding and download a DAC7 tax preparation report from the reports tab of the Tipalti Hub at year-end to help you quickly fulfill your reporting obligations. The solution is also suitable for compliance with the UK Platform Operators Regulations.
What’s Coming Soon
We’ll be rolling out more exciting features and enhancements to our existing capabilities to help you automate and optimise.
AI-Powered Enhancements: Building on the momentum of AI advancements and our proprietary Tipalti AI, we’ll soon be launching several AI-powered features within our Mass Payments solution. This will include:
- GL Auto Coding: An automated feature that accurately assigns the correct expense account, saving you up to five minutes per transaction.
- Tipalti AI-powered Chat: An AI-driven digital assistant that delivers immediate payment analytics and precise answers to complex financial queries.
- Smart Report Builder: This lets you enter your requirements as free text, and an accurate report will be generated automatically and instantly.
User Activity Reports: Download user activity data up to a year back – letting you more easily fulfill compliance and regulatory obligations resulting from IPO preparation, SOX reporting requirements and more. The new user activity reports will provide complete audit trails of users’ actions related to bills, payments, payees, and administrative tasks.
Conclusion
We’ll continue to enhance our capabilities to help you transform every payment experience into a cornerstone of brand loyalty. Stay tuned for future updates!
