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European Family Office Overview
Industry
Business services
Company Size
Sub 100
Current ERP
Quickbooks
Region
Europe
Tipalti Products Used
AP Automation
Challenge
Manual email-based payment processes consumed significant team resources, diverting focus from strategic work. Additionally, manual workflows created payment delays and missed approval requests.
Solution
European Family Office implemented Tipalti Accounts Payable to automate payments processes, integrating with QuickBooks and Microsoft Navision for seamless finance operations.
Results
European Family Office automated the payment process for 180+ monthly invoices, saving roughly ½ of a full-time-equivalent employee’s time and empowering the team to devote more time to strategic initiatives.
The Challenge
Manual Payment Processes Impeded Strategic Focus
A European Family Office dedicated to investing in climate technology faced operational inefficiencies due to its manual, email-based invoice payment system. Handling over 180 invoices monthly from vendors across multiple countries, the team found that this cumbersome process consumed about half of a full-time employee’s capacity. This diversion of resources hindered their ability to focus on their core mission of accelerating decarbonization efforts.
We’ve got a significant strategic mission here, and it’s not approving invoices. We recognized this manual process was distracting our team and diverting attention from the strategic work we needed to be doing.
Lisa
Finance Director, European Family Office
The Solution
Automated Payments With Tipalti Accounts Payable
A European Family Office implemented Tipalti Accounts Payable to automate their invoice payment process, reduce delays, and eliminate missed approvals. Tipalti’s integration with both QuickBooks and Microsoft Navision allowed for efficient data extraction and payment processing in vendors’ local currencies, significantly enhancing operational efficiency.
I’ve worked for large, global corporations, and it’s refreshing how entrepreneurial we are about implementing new solutions. We’re early adopters for any technologies that can give us greater clarity, more insights, and improved efficiencies.
Lisa
Finance Director, European Family Office
The Result
Enhanced Efficiency and Improved Strategic Capacity
By automating its invoice payment process with Tipalti Accounts Payable, the European Family Office saved approximately half of a full-time employee’s equivalent’s time, which was redirected towards strategic initiatives. Tipalti’s integration with other technology systems facilitated easier data extraction, positioning the company to scale its operations confidently. By providing ample time savings, Tipalti helps the European Family Office invest more time in reversing the dangerous trends of climate change.
Tipalti has given us all peace of mind. It really doesn’t matter how much we scale and grow; we can easily handle any volume of invoices. I just check Tipalti to make sure our payments are moving forward according to plan, and they always are.
Lisa
Finance Director, European Family Office
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