- Simplify FX & currency management for global payables
- Support for over 30 currencies
- Ideal for multiple subsidiaries and entities
Currency Conversions without the Complications
If you’re an international company with multiple subsidiaries, chances are you’ll need to make payments in local currency for those entities. Managing multiple banking relationships for entities that don’t generate revenue and are strictly cost centers can add unnecessary complexity to a global financial operation. With Tipalti, global payouts across currencies and countries have never been simpler.
- Eliminate the need to maintain regional bank accounts solely for payouts
- Provide one central virtual account to manage payments across all subsidiaries, currencies, and payment methods.
If you don’t have enough funds in your local operating account to cover your entire payment run or support operational costs such as payroll or taxes, you don’t need to make an emergency bank run to purchase foreign currency on spot. Instead, let Tipalti handle it! We can also help you to manage the FX volatility risk.
- Fund your virtual account in your preferred currency
- Tipalti converts to the local currency
- Tipalti executes the payments for you
Completely Streamlined Global Payables
Whether your company operates in the US, UK, or anywhere else in the world, Tipalti Multi-FX can help save you time and money while also optimizing the entire payables process.
- Gives businesses access to live foreign exchange rates and enables full transparency to track currency conversion status
- Helps avoid expensive, complex, and tedious bank conversion and transfer processes across multiple bank accounts by enabling self-service execution of transfers directly within Tipalti
- Get highly competitive rates for conversions that leverage Tipalti’s $43B of spend running through our platform annually
- Supports over 30 currencies
Using Tipalti Multi-FX has freed up a lot of time, as we no longer have to buy foreign currency on spot to execute our global payouts. Keeping everything in one system has been a great relief to shift the FX conversion burden to Tipalti!
VP, Revenue Accounting & Finance Automation at PubMatic
Innovation and efficiency come built-in
Tipalti offers the most comprehensive payables technology to help your business streamline, simplify, and evolve.
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Talk to an expert and learn how you can take control of your payables.