Tax Compliance for Accounts Payable
- Match VAT IDs on invoice to collected and validated VAT IDs
- Artificial Intelligence for VAT auto-coding
- VAT invoice templates and supplier approval for self-billing
- Collect and validate UK and EU supplier/partner VAT IDs
- KPMG-approved tax capability for US IRS requirements—tax ID collection in 49 countries
Be VAT-Compliant for AP
Tipalti VAT features are designed to help you with VAT compliance to strengthen your position if you are ever subject to HMRC VAT inspection. You can require all payees to provide their VAT IDs during onboarding. Tipalti will then validate the format. When you receive invoices, Tipalti will highlight if the VAT ID on the invoice is the same as the validated VAT ID, so you can submit your VAT return with peace of mind. Moreover, our AI engine will help you auto-code VAT with the codes imported from your ERP on both header and individual line-item levels. Tipalti will highlight if there is any discrepancy between a header VAT amount and lines VAT amount.
- Help with HMRC quarterly VAT returns
- Be prepared for a potential HMRC VAT inspection
VAT Compliance for self-billing flow
If you have a self-billing arrangement with your suppliers or partners, Tipalti has you covered for VAT compliance. Easily create self-billing VAT invoices in Tipalti, get your partners to approve them, and pay them. All approval audit trails are saved on the system.
- HMRC VAT compliance for self-billing
- Partner approval audit trails
Confidently Go Global with International Tax Capabilities
For non-UK subsidiaries, local tax ID & form collection, validation, and document storage are available. For US entities, meet IRS requirements and avoid tax penalty exposure with a KPMG-reviewed and approved AP tax engine. Help suppliers select the right W-9 or W-8BEN Series form, collect form information digitally, and validate the provided data to help prevent ID errors and issues.
- Collect local tax IDs in 49 countries*
- KPMG-approved US AP tax compliance capability supports W-9, W-8BEN, W-8BEN-E, W-8EXP, W-8IMY, W-8ECI, W-4, or Form 8233
- Tipalti’s guided US tax form wizard helps global suppliers of US subsidiaries choose the correct form based on the country and business structure
- Once the US tax form is selected, Tipalti digitises the tax form documents for supplier completion and applies 1,000+ validation rules, including TIN matching, to ensure the proper data has been provided and enables electronic signatures
- Tipalti calculates necessary withholds and, at year-end, generates 1099/1042-S tax preparation reports
*Supported countries are: Argentina, Australia, Austria, Azerbaijan, Belgium, Brazil, Bulgaria, Canada, Colombia, Costa Rica, Croatia, Cyprus, Czech Republic, Denmark, Dominican Republic, Estonia, Finland, France, Germany, Greece, Honduras, Hong Kong, Hungary, India, Ireland, Italy, Japan, Latvia, Lithuania, Luxembourg, Malta, Mexico, Netherlands, Paraguay, Peru, Poland, Portugal, Romania, Russian Federation, Saudi Arabia, Singapore, Slovakia, Slovenia, Spain, South Korea, Sweden, Ukraine and Uruguay.
Innovation and efficiency come built-in
Tipalti offers the most comprehensive payables technology to help your business streamline, simplify, and evolve.
Invoice Management
Ditch 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.
