General information about Tipalti
Tipalti is a cloud-based payment automation and management software that streamlines all phases of the payment process from payee onboarding to payment method and currency selection, global remittance, early payments, tax compliance management, payment reconciliation, and reporting.
It is designed to help businesses meet their payment obligations to suppliers, workers, tax authorities, and others across the globe. Tipalti eliminates up to 80% of the payables workload, helping companies scale their operations efficiently.
It also provides financial controls including role-based views and approvals, real-time payment tracking, fraud detection, and a robust audit trail. The platform integrates seamlessly with numerous other systems such as ERP, OMS, and accounting software.
It supports a wide range of payment methods and offers multi-currency capabilities. Tipalti is ideal for businesses looking to automate their accounts payable processes while ensuring compliance with tax laws and financial regulations.
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See alternatives to Tipalti like SAP Concur or Payoneer.What is Tipalti used for?
Tipalti is a valuable tool for small businesses looking to automate and optimize their payment processes. It simplifies the management of supplier accounts, reducing the workload by up to 80%, thus allowing businesses to focus on their growth. For example, a small online sales business could use Tipalti to automate payments to its international suppliers, managing exchange rates and ensuring tax compliance. Moreover, with features like real-time payment tracking and fraud detection, Tipalti offers enhanced financial control.Tipalti features
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Financial Controls
The software provides financial controls including role-based views and approvals, real-time payment tracking, fraud detection, and a robust audit trail -
Efficiency
It eliminates up to 80% of the payables workload, helping companies scale their operations efficiently -
Multi-currency Capabilities
The platform supports a wide range of payment methods and offers multi-currency capabilities. -
Integration
Tipalti integrates seamlessly with numerous other systems such as ERP, OMS, and accounting software -
Payment Automation
Tipalti streamlines all phases of the payment process from payee onboarding to payment method and currency selection, global remittance, early payments, tax compliance management, payment reconciliation, and reporting
27 Tipalti Reviews
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Megan D
Enhanced Efficiency and Accuracy: Tipalti's Automated Invoice Processing
The automated invoice processing feature in Tipalti has significantly improved our efficiency and accuracy in accounts payable
October 5, 2024
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Mary Rodriguez
Streamlined Payment Process with Tipalti
I use Tipalti for a complex payout setup that used to take me up to 5 days per month to complete. Since integrating with Tipalti, I've managed to cut this down to just 1 day a month, greatly improving the accuracy and timeliness of payouts. The value for the cost is excellent. While I would like more customization options, they are actively working on releasing new features. So far, I'm very satisfied with our partnership. The software is fairly easy to set up and integrate, it's affordable, and the customer support is good. The visibility for vendors is also a plus. The user interface could use an update, but it functions well.
September 29, 2024
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Linnea G
Outstanding Customer Support: Tipalti's Responsive and Helpful Assistance
The customer support from Tipalti has been outstanding - they've been responsive and helpful whenever we've had questions or needed assistance
September 24, 2024
Tipalti: Pros & Cons
Pros
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Efficiency: Tipalti streamlines and automates the entire accounts payable process, reducing the time and effort required to manage payments
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Global Reach: Tipalti supports payments to vendors in over 190 countries, and can handle multiple currencies, making it ideal for businesses with international operations.
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Compliance: The software helps businesses maintain compliance with tax laws and regulations by automatically validating payment data and generating necessary tax forms
Cons
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Limited customization: While Tipalti offers a range of features, there may be limitations in terms of customization to suit specific business needs.
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Complex setup: The initial setup and integration of Tipalti can be quite complex and time-consuming
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High cost: Tipalti can be quite expensive, especially for small businesses or startups with a tight budget
Why is Tipalti better than other Accounting software?
Tipalti has better positive reviews compared to SAP Concur: 98 vs 85
Tipalti is better at customer service than SAP Concur: 4.5 vs 4.0
Tipalti is easy to use compared to SAP Concur: 4.5 vs 4.0
Tipalti pricing plans are more competitive than SAP Concur: 4.7 vs 4.0
Tipalti is better at number of features than SAP Concur: 139 vs 75
Tipalti has better positive reviews than Payoneer: 98 vs 89
Tipalti is better at customer support than Payoneer: 4.5 vs 4.0
Tipalti is better at value for money than Payoneer: 4.7 vs 4.2
