Realize the Benefits of Complete AP Automation with the Tipalti Cloud
Tipalti’s comprehensive approach to automating accounts payable streamlines the entire bill-to-pay-to-reconciliation cycle. The platform manages all interactions between the payer and the payee to provide end-to-end control and optimize the entire AP workflow, future-proofing your operations for mass scale.
At the time we implemented Tipalti, we were at about $6 million in sales. Now we’re at almost $100 million in sales, and we’ve never had to add headcount in AP or finance
Jonathan Wu, COO, Touch of Modern
Wipe out 80% of your supplier payments workload.
Tipalti takes the pain out of AP by cutting 80% of the manual work, freeing up your team to focus on growth initiatives instead of back-office financial operations. Our supplier intelligence makes onboarding easier than ever, with self-service registration and advanced vetting and validation built-in to eliminate payment error rates by 66%. Multiple layers of data extraction on invoices guarantees 100% touchless data capture, while automated routing accelerates approvals. Mass payments are executed in minutes across different countries, methods, and currencies. Real-time payment reconciliation eliminates layers of spreadsheets, giving you instant and accurate visibility.
Scale rapidly and globally without adding more AP resources.
Tipalti provides the systems infrastructure to scale globally, so you won’t have to keep throwing resources at your operation or implement another AP system. As your business changes, such as a growing supplier base, increasing payments, global expansion, going public, and adding new subsidiaries, Tipalti helps you future-proof for mass scale. Our expertise in AP means we can help you navigate the sea of banking regulations, tax laws, international payment complexities, and more, without adding headcount. From managing multiple payment methods and currencies to configuring different onboarding and tax flows for various subsidiaries and entities, Tipalti handles it all in one system.
Generate revenue from AP.
Tipalti helps drive improved margins by allowing you to earn revenue by extending early payment options to your suppliers. Our financing partners cover the funds to pay suppliers earlier than the originally agreed upon invoice date, and return a portion back from the early payment discount to you on every dollar paid. The process is completely frictionless for you and your payees – Tipalti manages all of the workflow with no impact on your operations and suppliers opt in with just a click. Suppliers get their money faster to improve their own cash flow and you generate extra revenue for your business, all while strengthening relationships and increasing negotiating leverage.
Strengthen financial and compliance risk controls.
Governing the Tipalti platform are world-class financial management and tax compliance controls that help ensure you’re up-to-date with the latest regulations around the world. Digitized tax form collection and validation with TIN matching (as prescribed by KPMG LLC) mitigates tax penalty risk. Signatory rights, role-based views and privileges, robust workflow approvals, and built-in audit logs ensure you have the best internal and external controls in place to effectively manage your business.
Improve supplier relationships.
Tipalti provides a best-in-class payment experience that fosters a strong relationship between payers and payees. Tipalti handles the entire process of supplier onboarding through our web-based self-service portal, collecting and validating address details, banking information, and tax forms or IDs. All data entry is done by your suppliers, who are motivated to get the information right to get paid faster. White-labeling ensures your brand is always front and center with your suppliers through every interaction. Your suppliers benefit from a rich choice of payment methods and currencies, and can even choose to get paid early. Even better, proactive payment status email communications and 24/7 portal access ensure suppliers are always aware of pending payments, issues, when tax forms will expire, invoice and payment history, and more. And of course, your suppliers around the globe get paid accurately and on-time.