Tipalti is a cloud-based end-to-end mass payment program that helps small to mid-sized businesses, entrepreneurs and freelances 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 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.