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.
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.
Innovation and efficiency come built-in
Tipalti offers the most comprehensive payables technology to help your business streamline, simplify, and evolve.
Invoice Management
Ditch the busy work with touchless invoice processing with smart OCR. Advanced approvals with AI streamlines the approval process and minimizes delays.
Supplier Management
Effortlessly onboard vendors with a multilingual, self-service portal that’s brandable. Plus, give suppliers a real-time view of payment and invoice status.
PO Management
Manage spend all in one place. Streamline purchase requests, PO’s, approvals, and vendors with budget visibility to make informed decisions.
PO Matching
Eliminate overspending and strengthen financial controls with automated 2-way and 3-way matching and enjoy a frictionless approval cycle.
Global Payments
Send payments in 120 currencies in 196 countries through six unique payment methods.
Tipalti Card
Gain complete control and visibility over your corporate credit and debit card spend with a solution integrated into the most powerful global payables solution with automatic reconciliation.
Currency Management
Save time and money on FX conversion payouts with highly competitive exchange rates.
Multi-Entity
Manage unique payables workflows and centralize AP for subsidiaries and entities within a single instance.
Payment Reconciliation
Speed up financial close by 25%+ by synching and reconciling multi-entity payables data with ERP and Accounting systems.
Tax Compliance
Take the headaches out of collecting and validating IRS and VAT IDs. KPMG-approved for W-8/W-9 IRS requirements and generate 1099/1042-S tax prep reports.
Self-Billing Module
Simplify self-billing processes with automated invoice creation and submission while ensuring global regulatory compliance.
Financial Controls
Enterprise-grade financial controls: Fraud, tax, regulatory, audit, spend and cash flow.
Early Payments
Thanks to NetNow, you can offer accelerated payments to suppliers and generate revenue with better working capital utilization.
Fraud Detection
Tipaliti Detect lets you proactively identify payee fraud risk and maintain a full audit trail.
ERP Integration
Best-in-class integration with your existing ERP and accounting systems and sync invoices, suppliers, payments and purchase orders.
Secure Cloud
Rest assured that data is collected, stored, and transmitted securely in the cloud. Tipalti is SSAE 18 and ISAE 3402 SOC 1 Type II and, SOC 2 Type I certified, and GDPR Compliant.
Payments API
Integrate any system through our highly secure API that offers full-featured interfaces.
Simplify Performance-to-Pay
Easily sync data from marketplace platforms and tie performance analytics to pay partners.
Money Transmitter License
Get peace of mind for global transactions, more transparent controls and compliance review process by leveraging Tipalti’s banking and compliance rails.
Artificial Intelligence/Tipalti Pi
Take advantage of proactive, smarter processes for the entire payables operation as well as greater efficiency and risk mitigation.
