- Simplify FX & currency management for global payables
- Ideal for multiple subsidiaries and entities
Currency Conversions without the Complications
If you’re an international company with multiple subsidiaries, chances are you’ll need to make payments in local currency for those entities. Managing multiple banking relationships for entities that don’t generate revenue and are strictly cost centers can add unnecessary complexity to a global financial operation. With Tipalti, global payouts across currencies and countries have never been simpler.
- Eliminate the need to maintain regional bank accounts solely for payouts
- Provide one central virtual account to manage payments across all subsidiaries, currencies, and payment methods.
If you don’t have enough funds in your local operating account to cover your entire payment run or support operational costs such as payroll or taxes, you don’t need to make an emergency bank run to purchase foreign currency on spot. Instead, let Tipalti handle it! We can also help you to manage the FX volatility risk.
- Fund your virtual account in your preferred currency
- Tipalti converts to the local currency
- Tipalti executes the payments for you
Jason Wechsler | VP, Revenue Accounting & Finance Automation at PubMatic
Using Tipalti Multi-FX has freed up a lot of time, as we no longer have to buy foreign currency on spot to execute our global payouts. Keeping everything in one system has been a great relief to shift the FX conversion burden to Tipalti!
Innovation and efficiency
Tipalti offers the most comprehensive payables technology to help your
business streamline, simplify, and evolve.
Let’s get more productive
Talk to an expert and learn how you can take control of your payables.