The Silicon Review
Companies are constantly trying to improve efficiency by cutting costs, saving money, and automating as many processes as possible—which can all be accomplished with accounts payable (AP) automation software. AP, a vital part of any organization, also offers insight into other crucial metrics, including cash flow management, fraud recognition, and vendor relationships. Implementing AP automation software allows companies of all sizes to automate and streamline their account payable processes, which helps remove tedious manual tasks while providing better control and visibility into important financial and supplier data.
Tipalti is the only global payables automation solution to streamline all phases of the AP and payment management workflow in one holistic cloud platform. Tipalti makes it painless for accounts payable departments to manage their entire supplier payments operation. The solution addresses everything from supplier onboarding and vetting, to tax and regulatory compliance, invoice processing, payments to suppliers anywhere in the world in a wide range of payment methods and currencies, supplier payment status communications, to closing the loop with payment reconciliation and reporting. Innovative companies use Tipalti to eliminate up to 80% of their supplier payment workload, helping them scale their business efficiently with global growth, while strengthening financial and compliance controls and while enhancing the partner payment experience. Companies like Duolingo, Roblox, Amazon Twitch, ironSource, and over 1500 others trust Tipalti to elevate their global supplier payments operation.
Tipalti Platform: Experience the AP Advantage
Experience the AP Advantage with Tipalti’s Modern Cloud Infrastructure. Built for mass scale and powered by a multi-entity cloud architecture, the Tipalti platform provides world-class performance, reliability, and security. It’s no wonder their customers have consistently relied on us, even as their business grows. Robustly engineered for growing organizations, Tipalti future-proofs the payables operations. Elevate your accounts payable financial controls with Tipalti. Reduce fraud and prevent failed audits and regulatory penalties with built-in logic for role-based views and edit access, signatory rights, workflow, and approvals. Granular access roles and permissions limit what users can see and do, with roles that can be customized with 20+ permission options. Audit trails capture activity for all application users and suppliers, while ongoing OFAC and other sanctions screening cuts the risk of fraudulent payouts and penalties. Tipalti configures these enterprise-grade financial controls to align with best practices for your organization. Tipalti’s unique multi-entity architecture unifies AP operations across business units, subsidiaries, international divisions, and brands. Multi-entity business structures benefit from local autonomy, yet are connected by the Tipalti cloud for a consolidated perspective. From different branding, tax flows, payment methods, approvals, and more, it’s the flexibility you need to compliantly run disparate AP operations without the hassle.
Leveraging Best-in-Class Accounts Payable Automation Services
Supplier Management System: Designed to easily guide suppliers through submitting contact information, banking details, and tax IDs, Tipalti’s intelligent, dynamic self-service supplier portal helps you effortlessly onboard vendors while improving supplier relationships with a best-in-class, web-based payments experience—all done in a few simple steps. Tipalti lets your brand take center stage with their 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. Tipalti’s proprietary rules engine, driven by 26,000 global rules, identifies payment issues before they happen to reduce payment error rates. Their 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.
Invoice Management & Bill Processing System: Revamp your legacy invoice process with automated invoice capture, approvals, payments, and reconciliation in a single end-to-end AP platform to boost efficiency and standardization. This is REAL AP Automation done right. Tipalti doesn’t end with invoice processing. It enables full payment and reconciliation processes to complete the complex, manual business cycle. Submitting bills is simple and easy for your suppliers. To centralize invoice receipt, suppliers can submit invoices via email or upload them directly to your secure portal and track their progress. Approvers can make more informed decisions with documents like vendor contracts and proof of work being attached to each invoice. The complete invoice lifecycle, from payment execution to reconciliation, can be managed and reviewed in the Tipalti Hub.
Sarah Dickens Spoja | CFO
Sarah is responsible for global finance, global accounting and the legal organization at Tipalti in addition to related areas like fundraising, investor relations, and financial infrastructure to scale globally. Prior to Tipalti, Sarah was a director at KKR Capstone, the portfolio operations arm of the Private Equity firm KKR, where she was a director at the firm and worked with portfolio companies in the Financial Services, technology and Retail Sectors, including First Data Corporation, a global merchant processor in the B2B payments space. Prior to joining KKR, Sarah worked at Bain & Company in Boston and Sydney. She holds a B.A. from Williams College in both Mathematics and Economics and an M.B.A. from Stanford University Graduate School of Business.