Supplier Management System
- Onboard Suppliers with brandable portal.
- Collect contact details.
- Verify bank account information.
- Collect and validate IRS and VAT tax IDs.
- Promote supplier self-service.
Features
Customize the Supplier Hub & Streamline Data Entry
Tipalti lets your brand take center stage with our Supplier Hub that can either be hosted by Tipalti or a white-labeled iFrame that embeds securely in the HTML of your website. Self-service makes it easy for suppliers to onboard quickly.
- Match the online Supplier Hub to your brand’s look and feel.
- Put the responsibility of collecting and maintaining accurate data on your suppliers, cutting the time AP spends onboarding vendors.
- Eliminates duplicate registrations for a clean vendor master file.
Optimize for Payments around the World
Tipalti gives global payees the flexibility to choose how they want to be paid and in what currency. Tipalti provides clear visibility into any related transaction fees, while helping keep your company in full tax and regulatory compliance.
- Suppliers choose their preferred payment method, currency, and payment thresholds.
- The Supplier Hub is multilingual, with support for 11 languages.
Securely Collect Information & Reduce Payment Errors
Tipalti’s proprietary rules engine, driven by 26,000 global rules, identifies payment issues before they happen to reduce payment error rates. Our rules vet and validate local bank routing details such as SWIFT and IBAN codes, screen OFAC blacklists, and more – all based on the payee’s country and payment method.
- Reduce payment errors by 66%+.
- Get global payment intelligence and fraud prevention built in.
Vet & Submit Tax Forms Prior to Payment
Our tax form selection wizard guides payees to select and complete the correct tax form, while 1,000+ rules and TIN matching verify details. End-of-year 1099 and 1042-S reports provide a submission-ready file to help manage reporting to federal and state authorities, including withholdings. This tax compliance capability is KPMG reviewed and approved to meet IRS requirements. Non-US payers can take advantage of local tax/VAT ID collection in 49 countries.
- Collect W-9/W-8 tax forms seamlessly during onboarding.
- Verify tax details to prevent backup withholding penalties.
Provide Complete Supplier Visibility, Reduce Status Inquiries
Through the Supplier Hub, suppliers can update their payment information, see payment statuses (including issues that may prevent them from receiving funds), and view invoice and payment history.
- Suppliers receive proactive, white-labeled payment status email updates.
- Suppliers can get a real-time view of payments and invoices.
Richmond Ang | Controller at Tapjoy
I don’t have to deal with all of the supplier email questions, problems, or discrepancies. It’s all done on the portal!GET FREE PRODUCT TOUR NOW
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.
ERP Integration
Best-in-class integration with your existing ERP and accounting systems and sync invoices, suppliers, payments and purchase orders.
Fraud Detection
Tipaliti Detect lets you proactively identify payee fraud risk and maintain a full audit trail.
Payments API
Integrate any system through our highly secure API that offers full-featured interfaces.
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.
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.
Simplify Performance-to-Pay
Easily sync data from marketplace platforms and tie performance analytics to pay partners.
Artificial Intelligence/Tipalti Pi
Take advantage of proactive, smarter processes for the entire payables operation as well as greater efficiency and risk mitigation.
