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Tipalti Software

Name: Tipalti Software
Rating: 4.5 (2 reviews)

By Tipalti

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Highlights : About Tipalti Software

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

About Tipalti Software

The main purpose of Tipalti is to free up company resources that were previously struggling to cope with mass payments across the world. In addition to that, Tipalti handles tax, regulatory compliance, and fraud risk while raising the overall partner experience with faster international payments, less transaction errors, more diverse payment methods and currency options, and more streamlined communication. Tipalti can help finance departments to easily get through time-consuming tasks such as international bank transfer, collecting necessary payment info by country, utilizing different location-based payment methods, collecting and sharing of tax forms, preparing 1099s, and performing payment reconciliation and reporting.

Specifications

Business Size

Small

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

Early Payments

Payment Reconciliation & AP Reporting

ERP Integration

Performance Tracking Integration

Proactive OFAC & Other Sanctions Screening

Online payment solutions for pay-out processing

Affiliate payments processing

Customer & vendor payment processing

Benefits

Invoice processing with PO matching

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

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

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

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

Generate revenue for AP

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

Global payment method

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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