PayStream Advisors Awards Tipalti Innovation Prize

End-to-End Accounts Payable Automation Proves Worthy

San Mateo, CA – November 16, 2017 – Tipalti is proud to announce that it has received the coveted PayStream Advisors Innovative Technology Award this year for its supplier payments automation solution. It’s the company’s first time receiving the award as it’s Tipalti’s first submission. Tipalti demonstrated to the PayStream Advisors judges the complete workflow from the supplier experience (onboarding and communications) to invoice management, payment approval and execution, payment reconciliation, and integrated early payments program.

About the Awards

PayStream Advisors Innovative Technology of the Year awards are given to software providers that deliver especially intuitive, progressive solutions for automating financial processes. This year, PayStream’s team of technology experts team evaluated over 90 providers, using product demos, customer surveys, and interviews to identify the winners.

Signs of innovation include…

  • The provider’s ability to meet the efficiency needs of a diverse range of customers
  • The breadth of the solution’s features for back-office processes, including Procure-to-Pay, Source-to-Settle, and travel and expense management
  • The solution’s flexibility and configurability
  • The visual quality and intuitiveness of the solution’s design
  • The provider’s strategic focus and technology development goals

“The PayStream Advisors Innovative Technology award is a prestigious honor for Tipalti,” says Tipalti CEO Chen Amit. “Not only does it cement us in the payables space, it validates our approach to solving the most complex issues modern CFOs and controllers are wrestling with: invoice workflow, supplier management, tax and regulatory compliance, global payments, and early payments – all at a large scale.”

“Organizations should not be spending money just to spend money,” adds Amit. “The entire payables operation should be one that is cost-neutral, yet still brings world-class competence and compliance.”

About PayStream Advisors

PayStream Advisors is a research and advisory firm focused on business process automation in sourcing, supply chain management, procurement, accounts payable, payments, and expense management. PayStream’s team of experts provide targeted research and consulting services to address the changing needs of finance and procurement professionals. In short, PayStream is dedicated to maximizing returns and minimizing risks associated with technology investment. PayStream’s research reports, white papers, webinars, and tools are available free of charge at www.paystreamadvisors.com. PayStream Advisors is a division of Levvel, an IT consulting firm specializing in technology strategy, design, architecture, and DevOps.