Taxify, by Sovos vs. Tipalti

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Taxify, by Sovos
Score 5.4 out of 10
N/A
Sovos Compliance now offers Taxify, a tax management, processing, and compliance application.N/A
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
Taxify, by SovosTipalti
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Taxify, by SovosTipalti
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoYes
Entry-level Setup FeeNo setup feeRequired
Additional DetailsPricing 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
Taxify, by SovosTipalti
Features
Taxify, by SovosTipalti
Type of tax
Comparison of Type of tax features of Product A and Product B
Taxify, by Sovos
1.0
1 Ratings
155% below category average
Tipalti
-
Ratings
Sales and Use Taxes1.01 Ratings00 Ratings
Cross-border Taxes1.01 Ratings00 Ratings
VAT / GST Taxes1.01 Ratings00 Ratings
Tax Reporting & Compliance
Comparison of Tax Reporting & Compliance features of Product A and Product B
Taxify, by Sovos
1.0
1 Ratings
155% below category average
Tipalti
-
Ratings
3rd-Party Software Integrations1.01 Ratings00 Ratings
Tax Data Reporting1.01 Ratings00 Ratings
Compliance Administration Management1.01 Ratings00 Ratings
Tax Exemption Processing1.01 Ratings00 Ratings
Tax Document Management1.01 Ratings00 Ratings
Payment Management
Comparison of Payment Management features of Product A and Product B
Taxify, by Sovos
-
Ratings
Tipalti
8.8
62 Ratings
17% above category average
Customizable Approval Policies00 Ratings8.750 Ratings
Financial Document Management00 Ratings8.047 Ratings
Payment Status Tracking00 Ratings9.259 Ratings
Payment Audit Trail00 Ratings9.053 Ratings
Duplicate Bill Detection00 Ratings9.052 Ratings
Advanced OCR00 Ratings8.645 Ratings
Electronic Funds Transfer00 Ratings9.348 Ratings
Accounts Payable
Comparison of Accounts Payable features of Product A and Product B
Taxify, by Sovos
-
Ratings
Tipalti
8.4
55 Ratings
20% above category average
Automated Accounts Payable Processes00 Ratings8.952 Ratings
Vendor Management00 Ratings9.052 Ratings
Tax Form Preparation00 Ratings7.432 Ratings
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User Ratings
Taxify, by SovosTipalti
Likelihood to Recommend
1.0
(1 ratings)
8.5
(101 ratings)
Likelihood to Renew
-
(0 ratings)
9.1
(4 ratings)
Usability
-
(0 ratings)
8.8
(77 ratings)
Availability
-
(0 ratings)
9.1
(1 ratings)
Performance
-
(0 ratings)
8.2
(1 ratings)
Support Rating
-
(0 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
Taxify, by SovosTipalti
Likelihood to Recommend
Sovos Compliance
I would not recommend this software/solution. For the price they quote, I would look into other solutions as their software never fully supported our business and the filings were incorrect for years without resolution from customer serv. Their Resale Cert platform also lacked credibility- I suggest, look into other solutions to better support your filings.
Read full review
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
Sovos Compliance
  • veratax download
  • ticket system is average
  • average communication from rep via email
Read full review
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
Read full review
Cons
Sovos Compliance
  • in my opinion, customer service could improve
  • in my opinion, implementation could be better to ensure accurate reporting
  • in my opinion, better rep support and pricing for smaller term contracts
Read full review
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
Sovos Compliance
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
Sovos Compliance
No answers on this topic
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
Sovos Compliance
No answers on this topic
Tipalti
Tipalti has always been responsive to our questions and concerns.
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Performance
Sovos Compliance
No answers on this topic
Tipalti
No issues here. Generally has been pretty fast.
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Support Rating
Sovos Compliance
No answers on this topic
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
Sovos Compliance
No answers on this topic
Tipalti
Tipalti provides great How to online guide
Read full review
Implementation Rating
Sovos Compliance
No answers on this topic
Tipalti
The salesperson involved was involved in implementation which I found very helpful.
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Alternatives Considered
Sovos Compliance
We picked Taxify, by Sovos based on original contract price- would not recommend this as well as (with all the issues we have been experiencing) would rather spend the money and time on Avalara. When we asked for a 1 yr contract to limp along for the year, the price was quoted for about $70K which was triple our original agreement.
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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
Sovos Compliance
No answers on this topic
Tipalti
I did not make the decision to purchase this product.
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Scalability
Sovos Compliance
No answers on this topic
Tipalti
We were given the option of only one integration.
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Return on Investment
Sovos Compliance
  • manual work to get accurate info- increase in manpower & time for accurate submissions
  • increase in time w. rep to fix or address issues without resolution
Read full review
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

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