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Tipalti vs. Workday Contract Lifecycle Management, powered by Evisort AI

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Tipalti

    Score7.7 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

    Workday Contract Lifecycle Management, powered by Evisort AI

    Score9 out of 10
    N/AWorkday Contract Lifecycle Management, powered by Evisort AI, streamlines end-to-end contract workflows. Its intelligent, AI-native contract repository can be up and running in days. It combines pre- trained and customizable AI with integrations and enterprise-grade governance.N/A
    Pricing
    TipaltiWorkday Contract Lifecycle Management, powered by Evisort AI
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    TipaltiWorkday Contract Lifecycle Management, powered by Evisort AI
    Free Trial
    NoNo
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    YesNo
    Entry-level Setup FeeRequiredNo setup fee
    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
    TipaltiWorkday Contract Lifecycle Management, powered by Evisort AI
    Considered Both Products
    Tipalti
    No answer on this topic
    Workday
    No answer on this topic
    Key User Insights
    Would buy again
    98%
    Would buy again
    94 Answers
    No answers on this topic
    Delivers good value for the price
    100%
    Delivers good value for the price
    85 Answers
    No answers on this topic
    Happy with the feature set
    98%
    Happy with the feature set
    94 Answers
    No answers on this topic
    Lived up to sales and marketing promises
    98%
    Lived up to sales and marketing promises
    64 Answers
    No answers on this topic
    Implementation went as expected
    96%
    Implementation went as expected
    68 Answers
    No answers on this topic
    Features
    TipaltiWorkday Contract Lifecycle Management, powered by Evisort AI
    Payment Management
    Comparison of Payment Management features of Tipalti and Workday Contract Lifecycle Management, powered by Evisort AI
    Feature
    Tipalti
    9.1
    64 Ratings
    17% above category average
    Workday Contract Lifecycle Management, powered by Evisort AI
    -
    Ratings
    Customizable Approval Policies8.952 Ratings00 Ratings
    Financial Document Management8.749 Ratings00 Ratings
    Payment Status Tracking9.461 Ratings00 Ratings
    Payment Audit Trail9.255 Ratings00 Ratings
    Duplicate Bill Detection9.354 Ratings00 Ratings
    Advanced OCR8.346 Ratings00 Ratings
    Electronic Funds Transfer9.550 Ratings00 Ratings
    Accounts Payable
    Comparison of Accounts Payable features of Tipalti and Workday Contract Lifecycle Management, powered by Evisort AI
    Feature
    Tipalti
    8.6
    56 Ratings
    18% above category average
    Workday Contract Lifecycle Management, powered by Evisort AI
    -
    Ratings
    Automated Accounts Payable Processes8.953 Ratings00 Ratings
    Vendor Management9.153 Ratings00 Ratings
    Tax Form Preparation7.833 Ratings00 Ratings
    Contract Authoring
    Comparison of Contract Authoring features of Tipalti and Workday Contract Lifecycle Management, powered by Evisort AI
    Feature
    Tipalti
    -
    Ratings
    Workday Contract Lifecycle Management, powered by Evisort AI
    5.7
    1 Ratings
    36% below category average
    Contract creation00 Ratings5.01 Ratings
    Clause library/saved fields00 Ratings6.01 Ratings
    Guided logic00 Ratings6.01 Ratings
    Contract Collaboration
    Comparison of Contract Collaboration features of Tipalti and Workday Contract Lifecycle Management, powered by Evisort AI
    Feature
    Tipalti
    -
    Ratings
    Workday Contract Lifecycle Management, powered by Evisort AI
    4.6
    1 Ratings
    56% below category average
    Contract sharing00 Ratings5.01 Ratings
    Contract editing00 Ratings3.01 Ratings
    Collaborating on contracts00 Ratings5.01 Ratings
    Approval process00 Ratings5.01 Ratings
    Interdepartmental workflows00 Ratings5.01 Ratings
    Contract Monitoring
    Comparison of Contract Monitoring features of Tipalti and Workday Contract Lifecycle Management, powered by Evisort AI
    Feature
    Tipalti
    -
    Ratings
    Workday Contract Lifecycle Management, powered by Evisort AI
    6.1
    1 Ratings
    30% below category average
    Contract database00 Ratings7.01 Ratings
    Contract search00 Ratings7.01 Ratings
    Contract milestone reminders & alerts00 Ratings6.01 Ratings
    Custom contract reports00 Ratings5.01 Ratings
    Tracking contract status00 Ratings6.01 Ratings
    Compliance check00 Ratings6.01 Ratings
    Best Alternatives
    TipaltiWorkday Contract Lifecycle Management, powered by Evisort AI
    Small Businesses
    BILL
    Score8.2 out of 10
    DocuSign CLM
    Score8.2 out of 10
    Medium-sized Companies
    Stampli
    Score8.4 out of 10
    Conga CLM
    Score8.8 out of 10
    Enterprises
    Yooz
    Score8.8 out of 10
    Conga CLM
    Score8.8 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    TipaltiWorkday Contract Lifecycle Management, powered by Evisort AI
    Likelihood to Recommend
    9.0
    (103 ratings)
    5.0
    (1 ratings)
    Likelihood to Renew
    9.1
    (4 ratings)
    -
    (0 ratings)
    Usability
    9.1
    (79 ratings)
    6.0
    (1 ratings)
    Availability
    9.1
    (1 ratings)
    -
    (0 ratings)
    Performance
    8.2
    (1 ratings)
    -
    (0 ratings)
    Support Rating
    7.3
    (14 ratings)
    5.0
    (1 ratings)
    Online Training
    7.3
    (2 ratings)
    -
    (0 ratings)
    Implementation Rating
    7.3
    (3 ratings)
    -
    (0 ratings)
    Configurability
    7.3
    (2 ratings)
    -
    (0 ratings)
    Ease of integration
    6.4
    (1 ratings)
    -
    (0 ratings)
    Product Scalability
    6.4
    (1 ratings)
    -
    (0 ratings)
    Vendor post-sale
    8.2
    (1 ratings)
    -
    (0 ratings)
    Vendor pre-sale
    8.2
    (1 ratings)
    -
    (0 ratings)
    User Testimonials
    TipaltiWorkday Contract Lifecycle Management, powered by Evisort AI
    Likelihood to Recommend
    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.
    Incentivized
    Read full review
    Workday
    Evisort is best when you already have all your contracts fully cleaned, designated, ordered, managed, linked, collated, titled and termed. It is not good if you expect the platform to help you go through a repository of contracts that you want the system to extract all the info you need and then you can decide easily what to keep and not etc - the sales team will tell you that the platform can do all of this. In my opinion, this isn't true.
    Incentivized
    Read full review
    Pros
    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
    Workday
    • Houses Contracts centrally
    • Info display is pretty straight forward
    • Terms Search function is solid
    Incentivized
    Read full review
    Cons
    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.
    Read full review
    Workday
    • Platform Implementation
    • AI intake of documents
    • How contracts are linked
    Incentivized
    Read full review
    Likelihood to Renew
    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.
    Incentivized
    Read full review
    Workday
    No answers on this topic
    Usability
    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.
    Incentivized
    Read full review
    Workday
    It is clunkier than needs to be but it's not as bad as some of the other platforms we reviewed. The interface is pretty spartan, almost like reading a page and some color and segregation could help users segregate the UI by function and task. This is pretty straight forward but doubt they would implement
    Incentivized
    Read full review
    Reliability and Availability
    Tipalti
    Tipalti has always been responsive to our questions and concerns.
    Read full review
    Workday
    No answers on this topic
    Performance
    Tipalti
    No issues here. Generally has been pretty fast.
    Read full review
    Workday
    No answers on this topic
    Support Rating
    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
    Incentivized
    Read full review
    Workday
    For all of the reasons listed above, essentially, once the platform is implemented it has its value, however, knowing what you get before implementation, might give ppl pause. The cost is a bit misleading and the sales team over promises and under delivers in my opinion. This is not cool and creates issues inevitably, down the line.
    Incentivized
    Read full review
    Online Training
    Tipalti
    Tipalti provides great How to online guide
    Read full review
    Workday
    No answers on this topic
    Implementation Rating
    Tipalti
    The salesperson involved was involved in implementation which I found very helpful.
    Incentivized
    Read full review
    Workday
    No answers on this topic
    Alternatives Considered
    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.
    Incentivized
    Read full review
    Workday
    Evisort is just getting in the game. Implementation is not as robust as Coupa and Adobe is more of a contract execution platform so it is not apples to apples to compare there. Essentially, Evisort is a a somewhat cheaper solution that is not a complete solution and needs more of an upfront lift than they would suggest.
    Incentivized
    Read full review
    Contract Terms and Pricing Model
    Tipalti
    I did not make the decision to purchase this product.
    Read full review
    Workday
    No answers on this topic
    Scalability
    Tipalti
    We were given the option of only one integration.
    Read full review
    Workday
    No answers on this topic
    Return on Investment
    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.
    Incentivized
    Read full review
    Workday
    • better Contract visibility
    • centralized ownership
    • contract alerts
    Incentivized
    Read full review
    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

    Workday Contract Lifecycle Management, powered by Evisort AI Screenshots

    Screenshot of the Ask AI featureScreenshot of automated redliningProduct screenshot