Payment Reconciliation

Speed up financial close with instant payment reconciliation
  • Real-time integrated reports
  • Transaction level details
  • Synchronize with ERP
  • Drill down filters

With Tipalti, payment remittance results across all payment methods, geographies, and entities are instantly normalized and rolled up in built-in Tipalti reports for more accurate, faster payment reconciliation and general ledger reporting.

Workload has decreased by over 50% while offering many new payment methods to our publishers. Tipalti has significantly increased publisher satisfaction and loyalty to our brand.

Richmond Ang, Controller, Tapjoy

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Consolidate Entities, Geographies, Accounts, and Payment Methods in One Report

No more stitching together countless spreadsheets from different bank statements and invoice details to reconcile payments. Tipalti makes the process easier than ever by combining payment methods, currencies, subsidiaries, and regions in a single file that’s available 24×7 as payments are processed. Instant reconciliation ensures a fast accurate financial close cycle, improves cash flow visibility and working capital management, and reduces potential fraudulent payouts.

Get Down to the Details

With Tipalti, you’ll gain detailed knowledge into every attempted and executed payment. Reports auto-highlight unmatched transactions between the payout bank account statement and payout instructions, including rejected payments. All reports can be downloaded to Excel for further analysis too, to help with a swift month-end close.

Connect with ERP

Auto sync payment results with your ERP or accounting system to reduce work for your team, eliminate errors, and take the stress out of the close process. It’s accounts payable reconciliation built for streamlined operations.

Drill into Insightful Reports

Tipalti provides detailed payment, payee, invoice, and tax reports, from blocked payees to transaction history, invoice details, and 1099/1042-S preparation. Payers can filter by a particular time range, entity, or month and drill by account to get insights when needed most.

Continue exploring Tipalti's rich payables platform

Supplier Management
Tipalti’s white-labeled self-service portal offloads data collection to suppliers and lets them choose payment options and view status.

Invoice Workflow Automation
Touchless invoice OCR capture, approval processing, and PO matching for faster, more accurate invoice management 24×7.

Global Payments
Effortless mass payments to 190 countries and 120 currencies without bank portals. Drive cost savings and audibility by shifting toward electronic payment methods.

Tax and Regulatory Compliance
Tipalti’s KPMG-certified compliant tax module automates tax identity collection and validation for IRS and VAT compliance.

Reconciliation and AP Reporting
Instant payment reconciliation and financial reports avoid the time-consuming and error-prone process of manual reconciliations to better guide cash flow decisions.

NetNow Accelerated Payments
Remove the challenge of extending supplier payment terms and offer early payments to them without touching your company’s own cash.

Multi-Entity Support
Manage AP across global and domestic subsidiaries and entities through a single platform, helping finance departments grow and scale compliantly.

Financial Controls
Audit trails and role-based views are just a few of the governance capabilities to mitigate risk and fraud – and ensure compliance.

Secure Cloud Infrastructure
SSAE 16 SOC compliant and ISAE 3402 Type II certified – All data is collected and transmitted securely over HTTPS and PII is stored encrypted using AES.

System Integrations
Connect to ERPs, accounting packages, or performance tracking systems like NetSuite, QuickBooks, and many others to provide closed-loop accounting.

Built-In API
Directly connect to your business applications with Tipalti’s powerful and secure supplier payments web application programmable interface.

GET STARTED

Contact us today to schedule a demo to see if Tipalti can help automate your accounts payable processes.