Latitude Collections (legacy) vs. Tipalti

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Latitude Collections (legacy)
Score 10.0 out of 10
Mid-Size Companies (51-1,000 employees)
Latitude Collections software, developed by Latitude Software, was acquired by Genesys in 2016 and sold as Latitude by Genesys. It was a standalone product for accounts receivables challenges: delinquency or negligence through charge-off and debt sale. It is a legacy application.
$75
per month
Tipalti
Score 7.5 out of 10
Mid-Size Companies (51-1,000 employees)
Tipalti automates critical financial processes to drive efficiency, including accounts payable, mass payments, procurement, and expenses, all on one global finance automation platform that grows with the organization, automating, de-risking and simplifying finance.
$129
per month
Pricing
Latitude Collections (legacy)Tipalti
Editions & Modules
Genesys Cloud CX 1
$75
per month
Genesys Cloud CX 2 Digital
$90
per month
Genesys Cloud CX 2 Digital + Voice
$110
per month
Genesys Cloud CX 3 Digital + WEM
$130
per month
Genesys Cloud CX 3 Digital + WEM + Voice
$150
per month
No answers on this topic
Offerings
Pricing Offerings
Latitude Collections (legacy)Tipalti
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesYes
Entry-level Setup FeeOptionalRequired
Additional DetailsPrices listed are per named user, billed annually. Usage-based pricing may apply.Pricing starts at $149 per month for the platform fee. Users can upgrade to Tipalti's more advanced capabilities as their businesses gets more complex. The Tipalti pricing model is designed to grow with the user's company. Advanced features such as W-8 tax forms, international tax IDs, or multi-entity payables are available as needed.
More Pricing Information
Community Pulse
Latitude Collections (legacy)Tipalti
Features
Latitude Collections (legacy)Tipalti
Payment Management
Comparison of Payment Management features of Product A and Product B
Latitude Collections (legacy)
-
Ratings
Tipalti
9.0
64 Ratings
19% above category average
Customizable Approval Policies00 Ratings8.852 Ratings
Financial Document Management00 Ratings8.549 Ratings
Payment Status Tracking00 Ratings9.361 Ratings
Payment Audit Trail00 Ratings9.255 Ratings
Duplicate Bill Detection00 Ratings9.254 Ratings
Advanced OCR00 Ratings8.446 Ratings
Electronic Funds Transfer00 Ratings9.550 Ratings
Accounts Payable
Comparison of Accounts Payable features of Product A and Product B
Latitude Collections (legacy)
-
Ratings
Tipalti
8.6
56 Ratings
20% above category average
Automated Accounts Payable Processes00 Ratings8.953 Ratings
Vendor Management00 Ratings9.153 Ratings
Tax Form Preparation00 Ratings7.733 Ratings
User Ratings
Latitude Collections (legacy)Tipalti
Likelihood to Recommend
8.4
(4 ratings)
8.9
(103 ratings)
Likelihood to Renew
-
(0 ratings)
9.1
(4 ratings)
Usability
8.2
(1 ratings)
9.0
(79 ratings)
Availability
-
(0 ratings)
9.1
(1 ratings)
Performance
-
(0 ratings)
8.2
(1 ratings)
Support Rating
9.1
(1 ratings)
7.3
(14 ratings)
Online Training
-
(0 ratings)
7.3
(2 ratings)
Implementation Rating
-
(0 ratings)
7.3
(3 ratings)
Configurability
-
(0 ratings)
7.3
(2 ratings)
Ease of integration
-
(0 ratings)
6.4
(1 ratings)
Product Scalability
-
(0 ratings)
6.4
(1 ratings)
Vendor post-sale
-
(0 ratings)
8.2
(1 ratings)
Vendor pre-sale
-
(0 ratings)
8.2
(1 ratings)
User Testimonials
Latitude Collections (legacy)Tipalti
Likelihood to Recommend
Discontinued Products
As a consulting company specializing in the support of Latitude by Genesys customers, I have first hand experience seeing all of the benefits to my customers of this platform. The ease of powerful interfaces, highly organized GUI based workflows, simple import/export automation as well as a host of integrated vendors makes this the platform of choice for me and my company. Prior to starting my consulting company I was an end user of Latitude by Genesys for 3 years and had the distinct opportunity to work with a top notch implementation team.
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Tipalti
I would tell them that it manually syncs to ERPS. Additionally I would include the fact that you can pay multiple entities in one pay run allowing to be very efficient. I would also include that they can add rules to bill approvals or set up auto payments for certain vendors. Lastly, there are many reports you can run providing you will very informational data in seconds.
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Pros
Discontinued Products
  • Payments plans management
  • Account analysis reports
  • The system is user friendly
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Tipalti
  • Tipalti has a very user friendly interface, clearly laid out and easy to navigate
  • The audit trail feature is hugely helpful to track an invoice's progress through the system
  • Being able to schedule invoices to be paid exactly on their due date ensures we pay on time but not earlier than necessary
  • We were able to put in strong controls around changes to vendor data
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Cons
Discontinued Products
  • In the past, their support has been slow. This has improved dramatically.
  • They don't take every one of my ideas and pump it into base code IMMEDIATELY!!
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Tipalti
  • The report that provides the "Not payable" vendors does not work well for us, particularly because the sync to our ERP goes both ways, which means all of the employees also sync over to Tipalti and remain as Not Payable. So the list is very long, and I don't find a good use for it.
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Likelihood to Renew
Discontinued Products
No answers on this topic
Tipalti
Solid system performance. Suits our needs and solution provider very inclined to accept feedback and involve users in developing the solution to serve both the provider and the ultimate user. Tipalti has streamlined our process that was previously very manual and prone to error. Now there is transparency of information and role.
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Usability
Discontinued Products
From our perspective, it would be good having a UGC tool integrated with the system.
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Tipalti
Two-time Tipalti selector, implementor, and user. The payment features in the app saves many steps in the payment process. No longer do you have to set-up or upload payment information to your bank and then go back to your accounting system and mark items as paid. Tipalti does all of this with a click of a mouse. The payment feature is the stand out feature. Many vendors can process your invoices. Look at how at the payment process of others.....you will see.
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Reliability and Availability
Discontinued Products
No answers on this topic
Tipalti
Tipalti has always been responsive to our questions and concerns.
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Performance
Discontinued Products
No answers on this topic
Tipalti
No issues here. Generally has been pretty fast.
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Support Rating
Discontinued Products
They have an excellent support team. It was more helpful if they were available by phone, but your ticket system support works good. The Logmein123 is an outstanding tool that helps us a lot when we need support.
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Tipalti
Since I also work in customer support, I often have to contact Tipalti's team with questions from our users. Tipalti's support team has always been exceptionally helpful and it was a pleasure to communicate with them. I have always received prompt responses to any inquiries and they are excellent at solving our customers' issues within a short time
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Online Training
Discontinued Products
No answers on this topic
Tipalti
Tipalti provides great How to online guide
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Implementation Rating
Discontinued Products
No answers on this topic
Tipalti
The salesperson involved was involved in implementation which I found very helpful.
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Alternatives Considered
Discontinued Products
Base on cost of initial investment, ongoing support and efficient development capabilities (i.e. import/export interfaces, workflows, etc.) this platform is leaps and bounds ahead of all the other major platforms I have worked with. Some of the others I worked with for as many as 12 years before experiencing the power of Latitude.
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Tipalti
From initial implementation through to user experience, Tipalti has been able to exceed our expectations in terms of its functionality and useability. We have found with other systems implemented in the past they did not match our expectations which resulted in us terminating these services.
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Contract Terms and Pricing Model
Discontinued Products
No answers on this topic
Tipalti
I did not make the decision to purchase this product.
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Scalability
Discontinued Products
No answers on this topic
Tipalti
We were given the option of only one integration.
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Return on Investment
Discontinued Products
  • It help us a lot to manage our day to day business.
  • It helps our users to produce invoices and handling payment plans in a very efficient way.
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Tipalti
  • Vendor onboarding has taken the responsibility from one person to the Vendor directly. This provides the vendor with the ability to enter their own banking information for payments and upload their Federal W9 form.
  • Vendors can upload their own invoices to the system, taking the possibility that our AP team did not receive an emailed or mailed invoice to upload. This also increases payment efficiency as the vendor's invoice is processed in a more timely manner.
  • AP can review invoices for accuracy and concentrate on how to code an invoice, rather than be a paper pusher or a data entry clerk. AP doesn't spend time searching for invoices that might be a duplicate, the system will communicate this on the software review process and if AP has uploaded by email the same invoice multiple times, an email will be sent to AP to indicate that the invoice was not uploaded due to duplication.
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ScreenShots

Latitude Collections (legacy) Screenshots

Screenshot of Latitude by Genesys - Agent DesktopScreenshot of Latitude by Genesys - WorkflowScreenshot of Latitude by Genesys - Job Manager

Tipalti Screenshots

Screenshot of Intelligent invoicing workflowScreenshot of Mobile approvals for invoices and paymentsScreenshot of Brandable self-service supplier portal (including handling tax forms)Screenshot of Brandable self-service portal to collect and validate payment detailsScreenshot of Combined payment methods, currencies, and entities in a single payment fileScreenshot of an early payment, which can be offered to suppliers through email or the supplier portal