Tipalti Announces Seamless Integration with Intuit QuickBooks Online

Tipalti Strengthens Automation for Growing Businesses Looking to Streamline and Scale Global AP Workflow

San Mateo, CA, October 23, 2018 — Tipalti, the leading global payables automation platform, announced today that its supplier payments automation solution has integrated with Intuit QuickBooks Online, and is now available through the QuickBooks App Store. Tipalti is the only cloud-based global payables solution that enables businesses to automate their entire global accounts payable workflow, making it easy to execute multi-method bill payments across 196 countries and 120 currencies, while providing real-time payment status and reports that streamline reconciliation directly within QuickBooks Online.

Tipalti’s self-service, white-labeled supplier portal relieves finance of the data entry and back-and-forth of vendor onboarding and communications, while also collecting and vetting payment and tax data to reduce payment errors and tax compliance issues. OCR, AI-enabled invoice automation, and approvals unburden the finance team of the manual processing of invoices. From there, Tipalti simplifies the process of paying hundreds or even thousands of vendors around the world at scale, with built-in payment approval workflows and offering payments in 6 different payment methods across 196 countries and 120 currencies. The Tipalti’s Hub provides full control over the end-to-end payables workflow, from invoice approval to payment to reconciliation reports, with instant access to audit trails and payment details. QuickBooks Online customers can even enable early payment offers to their suppliers, to allow them to get paid earlier than their original net terms, without negatively impacting the customers’ working capital.

The pre-built integration allows customers to easily combine QuickBooks Online and Tipalti for one automated, powerful cross-border AP-enabled business flow, allowing vendor, bill, payment, payment term, fee, and GL account data to seamlessly sync. The integration is designed for simplicity, with self-service setup configuration that doesn’t require any custom development work for standard AP flows. With the integration, QuickBooks Online clients can eliminate 80% of their global AP workload, accelerate payment reconciliation and financial close cycle times, improve supplier relationships, and strengthen financial, tax and regulatory compliance controls.

Seamless Payables Integration with Intuit Quickbooks Online 1

With the QuickBooks integration, Tipalti has elevated our entire team by alleviating us from the chore of accounts payable. Our ability to close our books faster gives us the visibility we need to adapt our strategies. The time we’ve saved is being put right back into our company and growth plans.

Peter Cafaro | Senior Accountant, Button

Tipalti’s integration with QuickBooks Online brings businesses unprecedented automation, control, and visibility of their global accounts payable operation. A recent study of QuickBooks users found that almost 70 percent were looking to eliminate wasted time spent on payables. This integration does just that by enabling businesses to focus more on strategic efforts that enable the business to grow and scale and less on mundane processes.

Chen Amit | CEO and Co-Founder, Tipalti

Through Tipalti, QuickBooks Online users can now:

For Intuit QuickBooks Online users looking to reduce the workload related to managing and executing supplier payments, particularly globally, Tipalti’s platform offers unique advantages. By addressing the comprehensive payables workflow, ranging from supplier onboarding, to bills, tax compliance, global remittance, early payments and AP reporting, Tipalti helps close the loop while simplifying payment reconciliation in QuickBooks Online.

Alex Barnett | Director, Intuit Developer Group

QuickBooks ProAdvisors and practitioners are also able to join the Tipalti referral partner program to bring greater scalability and global capabilities to their clients. More information is available at tipalti.com/partners/.