Tipalti Adds Major Innovations to Future-Proof Accounts Payable

New Early Payments and Multi-Entity AP Capabilities Give CFOs Tools to Modernize Financial Operations

San Mateo, CA, June 14, 2017 – Tipalti, the leader in supplier payments automation, today unveiled a series of new capabilities enabling forward-thinking CFOs to transform their finance organization from an operational function to a strategic enabler of global growth, while transitioning AP from a cost center to a profit center. The new product announcements provide finance leaders with the ability to easily extend early payments to their suppliers, to efficiently and compliantly manage a multi-entity AP organization, and to streamline their entire end-to-end AP and payments workflow in one complete console with their new Tipalti Hub — effectively becoming the first cloud platform to unify these capabilities within one holistic supplier payments solution.

The announcements include:

“As a fast-growing business, GawkBox is constantly looking for ways to attract partners,” says Chris Brownridge, Co-Founder and CEO at GawkBox. “Tipalti Early Payments is the perfect competitive differentiator. We can pay our partners faster, their onboarding and management is frictionless, and it directly generates revenue to reinvest back into our business.”

“Tipalti Multi-Entity reduces our payments workload and risk managing across Matomy’s business units worldwide and greatly improves visibility into our financial state,” says Keren Farag, VP Finance at Matomy. “It used to be a much more time-consuming, error-prone and labor-intensive process to manage payments to payees associated with individual subsidiaries. Now Tipalti automates that entire process and centralizes our controls and financial reporting while providing entity-specific workflows.”

“Building off of Tipalti’s unparalleled ability to automate the entire global AP and supplier payment operations, our new early payments automation, multi-entity support capabilities, and centralized Tipalti Hub provides the modern finance organization with the platform to manage global accounts payable and payment operations more effortlessly and compliantly,” says Chen Amit, Tipalti Co-founder and CEO. “With these innovations, the CFO can finally focus their finance talent on driving their business’ global growth and competitiveness forward.”