How Software and Technology Companies Solve Supplier Payments
Nicholas Corradino | Senior Financial Analyst – Revenue Operations at Top Hat
“It’s about leveling up the finance team from being the people that code invoices and pay people, to actually being real drivers of business success and topline growth.”
A payables process healthcare providers never think about
End-to-end payable automation that eliminates paper invoices for health systems. Say hello to a paperless AP workflow.
Touchless AP is a reality
Invoices are read through OCR for a straight-through AP process, including the entire approval cycle from invoice to payment. No more manual data entry.
Automate tech vendor supplier payments
Automation solutions that include a cloud-based, self-service supplier portal that’s intuitive and easy to use. Manage vendor relationships with ease.
Pay anyone, anywhere
Pay freelancers in 196 countries using 120 currencies in a matter of clicks. It’s an AP system that offers multiple on-demand payment methods.
Centralize payables operations
Tipalti makes it easy to bring accounts payable controls and execution to businesses with multiple subsidiaries, supply chains, and business units.
A HIPAA-compliant solution that puts patient care first
Tipalti helps healthcare businesses achieve HIPAA regulatory compliance and operational efficiency. Speed up data capture and reduce processing costs all at once.
Hear from our software and technology customers
Removed 90% of the manual workload in global payables
Reinventing the teaching experience with professors
Growing 100% YoY, they shaved a month off their financial close
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.
Jocelyn Olsen | Senior Staff Accountant at PrinterLogic
“Tipalti saves me time. Instead of entering bills, I’m focusing on finding strategic solutions for other challenges that we’re facing.”
How Software and Technology Companies Use Tipalti
Suppliers login into a self-service secure web portal
- They provide identity, payment details, and tax information (e.g. W8, W9, VAT).
- Tipalti verifies payment details using over 26,000 rules.
- The portal provides updates on payment status and allows for self-service changes.
Suppliers can submit invoices directly or bills can be synced from ERP
- Suppliers can email invoices or upload them directly from the Supplier Hub web portal.
- Tipalti integrates with your ERP, performance tracking data, through the Tipalti API, or accepts a payment instruction file.
- Tipalti AI routes invoices and payment instructions to the organization’s approvers.
Payments are scheduled and sent
- Once approved, Tipalti routes payments internally to secure approvals, making sure funds exist, and paying in the supplier’s chosen payment method (e.g. ACH, wire transfer, PayPal, etc.).
- No more logging into individual banking portals or reconciling payments from across multiple accounts.
- Tipalti sends the payments out through the proper banking channels.
- Tipalti alerts payees of payment status and reports any issues to them if funds don’t land.
- Payments and transaction fees are fully reported for reconciliation in real time to the ERP.
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.