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.
We can report on our balances a lot sooner because we’ve closed our AP sooner. We used to close just AP around business day 20; now we do it on business day 4.
Michio McGrath
Finance and Accounting Manager at Foursquare
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.
Select the right capabilities for your needs
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