Payment Reconciliation
Speed up financial close with instant payment reconciliation
- Access real-time integrated reports
- Simply view transaction level details
- Synchronise payment data with your ERP
- Filter reports and drill down to the level you need
Features
Consolidate Entities, Geographies, Accounts, and Payment Methods in One Report
Avoid stitching together countless spreadsheets from different bank statements and invoice details to reconcile payments. Tipalti makes the process easier than ever by combining payment methods, currencies, subsidiaries, and regions in a single file. Available 24×7 and in real-time. Instant reconciliation ensures a fast accurate financial close cycle, improves cash flow visibility and working capital management and reduces potentially fraudulent payouts.
Get Down to the Details
Gain detailed visibility into every attempted and executed payment. Reports auto-highlight unmatched transactions between the payout bank account statement and payout instructions, including rejected payments. All reports can be downloaded to Excel for further analysis too, to help with a swift month-end close.
Connect with ERP
Auto sync payment results with your ERP or accounting system to reduce work for your team, eliminate errors, and speed up the close process.
Drill into Insightful Reports
Tipalti provides detailed payment, payee, invoice, and tax reports, from blocked payees to transaction history and invoice details. Filter by a particular time range, entity, or month and drill by account to get the insights you need when you need them.
With Tipalti, payment remittance results across all payment methods, geographies and entities are instantly normalised via rolled up reports. Enabling more accurate and faster payment reconciliation and general ledger reporting.
Innovation and efficiency come built-in
Tipalti offers the most comprehensive payables technology to help your business streamline, simplify, and evolve.
Invoice Management
Eliminate the busy work with touchless invoice processing with smart OCR. Advanced approvals with AI streamlines the approval process and minimises delays.
Supplier Management
Effortlessly onboard vendors with a multilingual, self-service portal that’s brandable. Plus, give suppliers a real-time view of payment and invoice status.
PO Management
Manage spend all in one place. Streamline purchase requests, PO’s, approvals, and vendors with budget visibility to make informed decisions.
PO Matching
Eliminate overspending and strengthen financial controls with automated 2-way and 3-way matching and enjoy a frictionless approval cycle.
Global Payments
Send payments in 120 currencies in 196 countries through six unique payment methods.
Multi-Entity
Manage unique payables workflows and centralise AP for subsidiaries and entities within a single instance.
Currency Management
Save time and money on FX conversion payouts with highly competitive exchange rates.
Tax Compliance
Take the headaches out of collecting and validating VAT tax information.
Payment Reconciliation
Speed up financial close by 25%+ by synching and reconciling multi-entity payables data with ERP and Accounting systems.
Financial Controls
Enterprise-grade financial controls: Fraud, tax, regulatory, audit, spend and cash flow.
Self-Billing Module
Simplify self-billing processes with automated invoice creation and submission while ensuring global regulatory compliance.
Fraud Detection
Tipaliti Detect lets you proactively identify payee fraud risk and maintain a full audit trail.
Secure Cloud
Rest assured that data is collected, stored, and transmitted securely in the cloud. Tipalti is SSAE 18 and ISAE 3402 SOC 1 Type II and, SOC 2 Type I certified, and GDPR Compliant.
ERP Integration
Best-in-class integration with your existing ERP and accounting systems and sync invoices, suppliers, payments and purchase orders.
Simplify Performance-to-Pay
Easily sync data from marketplace platforms and tie performance analytics to pay partners.
Payments API
Integrate any system through our highly secure API that offers full-featured interfaces.
Artificial Intelligence/Tipalti Pi
Take advantage of proactive, smarter processes for the entire payables operation as well as greater efficiency and risk mitigation.
