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Tipalti

Tipalti

Last Updated Sep 2, 2024

Overview

Tipalti streamlines financial tasks for businesses, offering intuitive interfaces and robust automation capabilities. Despite occasional complexity in setup, its comprehensive features, including mass payment processing and procurement control, make it indispensable. Tipalti emerges as a dependable ally for businesses aiming to ensure financial compliance.

Overall Rating

Based on 46 users reviews

4.5

Rating Distribution

Positive

91%

Neutral

4%

Negative

4%

Starting Price
Custom

What is Tipalti?

Overview

Tipalti is a cloud-based end-to-end mass payment program that helps small to mid-sized businesses, entrepreneurs, and freelancers to automate global payables workflows in a unified solution. The software is designed to eliminate more than 2/3rd of the billing workload and problems such as late payments, administrative overload, noncompliance, and often catastrophic human errors by allowing teams to focus on important tasks at hand. Tipalti streamlines and automates processes like invoicing, payment remittance, regulatory compliance management, reporting, tax calculations, supplier management, and more.

The provider offers systems infrastructure to scale, with robust built-in tax and regulatory compliance features and financial controls to manage AP operations. Users can manage supplier onboarding easily with Tipalti’s web portal which has the capability to send automated notifications to vendors about invoices, payment statuses, and other information. The solution offers seamless integration with the organization’s existing ERP and other business accounting services for a better working experience. Integration with leading ERP and performance management systems such as NetSuite, Xero, Oracle, CAKE, and others.

Pricing: Not provided by the vendor. Unofficial sources suggest the standard package costs nearly $100/month and for more advanced packages $1000/month or more are charged.

USP: Payment automation of mass pay-out operational processes across a spectrum of 190 countries. National and internal taxation laws compliance. Out-of-the-box detailed reporting feature.

Support: Users can access support via phone.

Product Advantages: Simplifies supplier control and eliminates downstream issues and the possibility of human errors.

Product Limitations: Not enough configuration options. Does not offer integration with some of the largest banking providers which are a nuisance.

Pros And Cons of Tipalti

Pros

  • Automates invoice management, payment processing, and compliance

  • Integrates well with various ERP, accounting, and financial system

  • Supports international payments and multiple currencies

  • Robust compliance features, including tax document collection and fraud detection

Cons

  • Occasional complaints about slower customer support

  • Limitations in terms of customization options for specific business needs

Frequently Asked Questions

Yes, Tipalti offers an API.

Tipalti’s platform primarily supports English.

Tipalti integrates with a variety of ERP and financial systems, including NetSuite, Oracle, Xero, CAKE, and more.

Yes, Tipalti supports mobile devices.

Tipalti offers three pricing plans based on the specific needs and scale of the business. The Starter plan is $129/month; however, the Premium and Elite plans come with custom pricing. Contact us right away to get personalized Tipalti pricing.

Typical users of Tipalti include enterprises, marketplaces, healthcare and more.

Tipalti offers various levels of support, including email, live chat, phone, and online resources such as a knowledge base.