Companies looking to grow are looking globally to expand their market potential and diversify their supply chain. But doing business with partners and suppliers in other countries is more involved today requiring extensive expertise in accounts payable transactions. There is a sea of banking regulations, tax regulations, and preferences by the payee that multiply the complexity, increase the chance for error, and dramatically add cost and friction to the company.
To handle these challenges at scale, some businesses employ an expert on staff to understand global remittance requirements and manage the vagaries of bank portals. Alternatively, they spend months in research and development cycles to stitch together an IT solution that integrates with their ERP, connects to the wide array of banking APIs, and manually adapt the code when international tax laws and treaties change. Or they do nothing at all, and hide from the problem.
Let Tipalti Handle It
What over a hundred businesses served by Tipalti realized is that they don’t need to make managing global supplier payments a costly commitment in their organization. Rather than spend on personnel or custom development, they can leverage Tipalti’s expertise and technology as the proven leader in multi-method global payments.
Tipalti provides a comprehensive suite of features that streamline and automate the “last mile of ERP,” while also shoring up financial and accounting best practices. The result is greater productivity and visibility into the entire payment operation.
- Wipe out 80% of the workload associated with payments
- Position the company to grow globally and scale operations
- Reduce errors in paying partners and suppliers
- Reconcile payments more accurately to for faster financial close