How Manufacturing and Wholesale Companies Solve Supplier Payments

A worker in a warehouse holding a clipboard.

Cherith Aasen | Staff Accountant at RealWear

“The system is flexible for dynamically processing invoices with both two-way or three-way PO matching. That process is seamless. I can do it all in Tipalti and automatically know it’s synced back in our ERP system.”

Wipe out 80% of paper-based processes

A payables process you’ll never think about again

Automate the entire process for paying your global suppliers and contractors.

Automate 2-way and 3-way PO matching

PO Matching

Eliminate overspending and strengthen financial controls.

Easily onboard suppliers

Reduce the friction of making your suppliers payable

A complete whitelabeled, self-service onboarding system that’s easy to implement and intelligent.

Execute global payments

Pay anyone, anywhere

Pay freelancers in 196 countries using 120 currencies, and across multiple payment methods in a matter of clicks, and with the ability to mitigate currency volatility risk.

Simplify multi-entity payables

Centralize payables operations

Tipalti makes it easy to bring accounts payable controls and execution to businesses with multiple subsidiaries and business units.

Hear from our manufacturing and wholesale customers

logo

Their finance team was working 70 hrs/wk on AP. Now it’s down significantly with half the staff.

logo

Tipalti makes everybody’s life easier and enables us to move away from multiple platforms.

Why trust Tipalti with your AP operation?

Eliminate Manual Processes
Manual effort can lead to partner payment errors. Dramatically reduce payment workload by 80% with self-service onboarding, automated communications, and a unified payment processing interface. You’ll also reduce payment errors and potential fraud.

Pay Suppliers Anywhere
Offer the most flexible payment options (including US ACH, wire transfer, global ACH, PayPal, prepaid debit, or paper check) to retain the best suppliers and contractors to improve your service quality, while reducing the risk of paying fraudsters. They can also be paid in their local currency.

Add Financial Controls
Ensure invoices are approved by the right signatories and payment execution is signed off by key executives. Tipalti provides deep financial controls to secure payables activities.

Effortless Tax Compliance
Don’t wait until year-end to hunt down supplier for their tax forms. Collect W-9, W-8 series, or VAT ID forms and produce submission-ready 1099 and 1042-S reports.

How Manufacturing and Wholesales Companies Use Tipalti

Innovation and efficiency
come built-in

Tipalti offers the most comprehensive payables technology to help your
business streamline, simplify, and evolve.

symbol

Invoice Management

Ditch the busy work with automated invoice processing with smart OCR. Advanced approvals with AI streamlines the approval process and minimizes delays.

symbol

PO Management

Manage spend all in one place. Streamline purchase requests, PO’s, approvals, and vendors with budget visibility to make informed decisions.

symbol

Global Payments

Send payments in 120 currencies in 196 countries through six unique payment methods.

symbol

Currency Management

Save time and money on FX conversion payouts with highly competitive exchange rates.

symbol

Payment Reconciliation

Speed up financial close by 25%+ by synching and reconciling multi-entity payables data with ERP and Accounting systems.

symbol

Self-Billing Module

Simplify self-billing processes with automated invoice creation and submission while ensuring global regulatory compliance.

symbol

ERP Integration

Best-in-class integration with your existing ERP and accounting systems and sync invoices, suppliers, payments and purchase orders.

symbol

Payments API

Integrate any system through our highly secure API that offers full-featured interfaces.

symbol

Money Transmitter License

Get peace of mind for global transactions, more transparent controls and compliance review process by leveraging Tipalti’s banking and compliance rails.

symbol

Artificial Intelligence/Tipalti AI

Take advantage of proactive, smarter processes for the entire payables operation as well as greater efficiency and risk mitigation.

symbol

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.

symbol

PO Matching

Eliminate overspending and strengthen financial controls with automated 2-way and 3-way matching and enjoy a frictionless approval cycle.

symbol

Tipalti Card

Gain complete control and visibility over your corporate credit and debit card spend with a solution integrated into the most powerful global payables solution with automatic reconciliation.

symbol

Multi-Entity

Manage unique payables workflows and centralize AP for subsidiaries and entities within a single instance.

symbol

Tax Compliance

Take the headaches out of collecting and validating IRS and VAT IDs. KPMG-approved for W-8/W-9 IRS requirements and generate 1099/1042-S tax prep reports.

symbol

Financial Controls

Enterprise-grade financial controls: Fraud, tax, regulatory, audit, spend and cash flow.

symbol

Fraud Detection

Tipalti Detect lets you proactively identify payee fraud risk and maintain a full audit trail.

symbol

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.

symbol

Simplify Performance-to-Pay

Easily sync data from marketplace platforms and tie performance analytics to pay partners.

Let’s get more productive

Talk to an expert and learn how you can take control of your payables.