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Tipalti AP Automation

Name: Tipalti AP Automation
Rating: 4.5 (2 reviews)

By Tipalti

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Highlights : About Tipalti AP Automation

Payment Reconciliation & AP Reporting

Online payment solutions for pay-out processing

Proactive Payment Status Communications

About Tipalti AP Automation

Tipalti currently serves more than 3 million suppliers and processes over $5 billion annually in international bank transfer remittance. Customers include Amazon Twitch, Google, GoPro, Zumba, Twitter, Nikon, DreamWorks, Vimeo, and GoDaddy. Tipalti automates the entire global payables operation, making it easy to pay suppliers anywhere in the world in different currencies and payment methods while eliminating 80% of the workload spent managing accounts payable processes. Reduce tax, regulatory, and financial control risk, accelerate your financial close with real-time payment reconciliation, generate revenue with early payments, and improve supplier relationships with Tipalti.

Specifications

24/7 Support

Yes

Business Size

Mid-Market

Deployments

Cloud

Language Support

English

Platforms

Product Details

Features

Self-Service Supplier Onboarding & Management

W-8/W-9 Tax Form Capture & Validation

1099/1042-S Tax Prep Reporting & Withholdings Calculations

Local/VAT Tax ID Collection & Validation

Invoice Processing, PO Matching, & Approvals

Global Remittance - 190 Countries, 120 Currencies

Payment Methods: ACH, Wire, Prepaid Debit, PayPal, Check

Proactive Payment Status Communications

Payment Reconciliation & AP Reporting

Performance Tracking Integration

Proactive OFAC & Other Sanctions Screening

Online payment solutions for pay-out processing

Customer & vendor payment processing

Benefits

Wipe out 80%+ of manual accounts payable operational processes, including supplier onboarding, invoice processing with PO matching, tax compliance, global payments, supplier payment status communications, and payment reconciliation with your ERP system.

Reduce tax risk. Tipalti collects W-9/W-8 tax forms, validates form data, calculates tax withholdings, and generates end-of-year 1099 and 1042-S tax prep reports, which can be used for e-Filings powered by Sovos. For international payers, Tipalti collects and validates the local tax/VAT ID in 50 countries.

Assist with regulatory compliance. Every payee is proactively scanned against OFAC and international blacklists to avoid payouts to suspected terrorists, those involved in money laundering, and drug traffickers.

Strengthen financial controls with built-in audit logs, signatory rights, role-based privileges, and robust workflow approvals.

Generate revenue for AP by offering early payments to suppliers. Manage your cash flow better and increase negotiating leverage without impacting your working capital.

Enhance your supplier payment experience by offering a broad range of global payment method and currency selection, and by improving payment accuracy and timeliness.

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