Managing global supplier payments can be a complex and time-consuming task for growing businesses. From tracking invoices to ensuring compliance with international regulations, errors can be costly. That’s where Tipalti comes in — a cloud-based payment automation platform designed to simplify mass payments, ensure compliance, and accelerate supplier onboarding.
Trusted by thousands of companies worldwide, Tipalti enables finance teams to automate accounts payable, reduce errors, and maintain full visibility into global payments.
What Is Tipalti?
Tipalti is a cloud-based accounts payable and global payments automation software that helps businesses streamline supplier payments, tax compliance, and financial reporting. Its mission is to make mass payments simple, secure, and efficient, particularly for companies paying international suppliers or partners.
Unlike traditional payment systems that rely on manual processing, Tipalti automates payment workflows, compliance checks, and reporting, reducing errors and freeing finance teams to focus on strategy rather than administrative tasks.
Key Features of Tipalti
Tipalti offers a range of features designed to optimize accounts payable and global payments:
- Mass Payments Automation: Pay thousands of suppliers across multiple countries efficiently.
- Global Payment Options: Supports wire transfers, ACH, PayPal, and local payment methods.
- Supplier Onboarding: Automates supplier registration, tax collection, and bank account validation.
- Tax Compliance: Ensures accurate tax withholding and reporting (W-8/W-9 forms, 1099s).
- Invoice Management: Streamline invoice capture, approvals, and reconciliation.
- Currency Management: Automates FX conversions and manages multi-currency payments.
- Analytics & Reporting: Real-time insights into cash flow, payment status, and supplier activity.
These features allow businesses to reduce payment errors, accelerate workflows, and stay compliant globally.
How Tipalti Works
Tipalti works by centralizing accounts payable and supplier payments into a cloud-based platform. Suppliers register on Tipalti, submit invoices, and provide necessary tax and banking information. The system automates invoice approval, payment processing, and tax compliance.
Finance teams can schedule mass payments in multiple currencies, track payment status in real time, and generate reports for audit and accounting purposes. Tipalti also integrates with ERP and accounting systems, ensuring a seamless workflow from invoice to payment.
By automating the end-to-end payment process, Tipalti reduces errors, accelerates cash flow, and provides full visibility into supplier payments.
Why Businesses Choose Tipalti
Companies choose Tipalti because it simplifies global payments while ensuring compliance and efficiency.
It’s particularly valuable for organizations that:
- Manage high volumes of supplier or partner payments.
- Operate globally and require multi-currency support.
- Want automated compliance with tax and regulatory requirements.
- Seek real-time reporting and transparency in accounts payable.
By automating payments and compliance, Tipalti allows finance teams to focus on strategic initiatives rather than manual processing.
Pros and Cons of Tipalti
Pros:
- Automates mass payments and supplier onboarding.
- Supports multiple currencies and payment methods.
- Ensures tax compliance and regulatory accuracy.
- Provides real-time reporting and analytics.
- Integrates with popular ERP and accounting systems.
Cons:
- May be costly for smaller businesses with fewer suppliers.
- Initial setup and onboarding can take time.
- Advanced features may require training to use effectively.
Tipalti vs. Competitors
Compared to other global payment platforms like Payoneer or Veem, Tipalti stands out for its automation, compliance management, and ERP integrations. While Payoneer and Veem focus primarily on payments, Tipalti provides a comprehensive end-to-end solution for accounts payable, tax compliance, and reporting, making it ideal for medium to large enterprises with complex payment operations.
Final Thoughts
Tipalti transforms global accounts payable by combining automation, compliance, and analytics in one platform. By streamlining payments and reducing manual effort, Tipalti helps businesses pay suppliers accurately, quickly, and compliantly.
For organizations managing global supplier payments, Tipalti is a scalable, reliable, and modern solution.
Automate. Comply. Pay. That’s Tipalti.
