Tipalti Reviews & Ratings 2024

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AvidXchange , Stampli , and BILL are common alternatives for Tipalti.

Starting at $129 per month

Overview

What is Tipalti?

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.

Tipalti simplified our global payments and freed our time

Rating: 9 out of 10

October 2, 2024

IncentivizedVetted ReviewVerified User

We've teamed up with Tipalti, a top-notch payment platform, to make paying our freelancers around the world smoother and more reliable. Once our freelancers enter their bank d...

Verified user

C-Level Executive

4 years of experience

Great AP Automation Software.

Rating: 7 out of 10

September 22, 2024

IncentivizedVetted ReviewVerified User

Tipalti is part of our day-to-day operations for AP and bookkeeping. We use it for processing, recording, bookkeeping, and general managing of the AP department. Usually, ther...

Verified user

Employee

1 year of experience

Happy Tipalti User!

Rating: 10 out of 10

March 29, 2024

Vetted ReviewVerified User

We use Tipalti as our automated AP invoice processing and global payments solution. All purchase invoices are received to a shared mailbox and automatically loaded into Tipalt...

Verified user

Professional

2 years of experience

Tipalti - rock solid P2P solution

Rating: 8 out of 10

January 12, 2024

IncentivizedVetted ReviewVerified User

We use A/P Hub and PO Management in order to streamline and automate the P2P process. Prior to Tipalti, we used a combination of NetSuite end to end, FloQast ReMind (to help w...

Michael Bennett

Director - Finance and Accounting

Director of Financial Systems

ForgeRock

1 year of experience

Tipalti was a game-changer for our organization

Rating: 10 out of 10

December 18, 2023

Vetted ReviewVerified User

We use Tipalti for our Global procurement process which includes fully cycle onboarding through payments processing, with everything syncing with our ERP, NetSuite. We make mo...

Zach Victor

Executive - Finance and Accounting

SVP Finance

Create Music Group Inc

3 years of experience

How Tipalti Differs From Its Competitors

Efficiency

A lot of time saved on managing payment details of freelancers, managing payments, managing compliance and tax, viewing reports, sharing access and so on. Efficiency has certainly improved by a big number, which could anything from 10 percent to up to 30 percent in some departments that manage …

Incentivized

Efficiency

It enables you to approve/modify/decline invoices simply from your email, saving time by not having to log into your ERP or alternate AP software. From within the email received, all relevant information is provided (invoice details, approvers, prior invoices, etc.); there is no extra or …

Incentivized

Efficiency

We have seen significant time savings through use of Tipalti approval workflows (both PO and invoice), 3 way matching has freed up A/P team to focus on higher value work and we were able to retire FloQast ReMind (cost savings).

Incentivized

Efficiency

As noted earlier it has made our overall procurement process significantly more accurate and efficient, saving a lot of time and follow-ups from the accounting team.

Efficiency

The time saved on invoice entry is significant as manual keying is limited. Invoices appear ready to be coded, often with many details prepopulated.
In terms of approvals, I have worked in businesses where invoices are sent out for to budget owners via email, forgotten about, and only actioned …

Efficiency

The automation of precoding invoices has saved our department a lot of time. The fields that typically are auto-filled are the expense accounts, departments, memos, invoice numbers, date, due date, and approvers. This allows the staff in charge of processing to focus more on reviewing rather than …

Incentivized

Efficiency

Our accounts payable clerk gained approximately two days each month because of the efficiency of Tipalti's system, freeing her to do more analytical work and spend more time reviewing for accuracy. Formerly, our approval system was routing invoices through email which allowed for invoice payment …

Incentivized

Efficiency

Tipalti improves efficiency in both uploading invoices, routing for approvals, and ultimately payments.
The email approvals are great tool that provides efficiency and simplicity. This allows the approver to approve in the email, vs logging into Tipalti, which is a great benefit to the end users.
Su…

Efficiency

Supplier onboarding is well-controlled and very efficient now, this is a huge win for time saving and peace of mind. Processing payouts is also very efficient - no more manual entry and potential fat-fingering a number.

Incentivized

Efficiency

This platform has saved us time on coding invoices because the OCR learns over time how invoices are coded. It saves staff time for approving because they don't have to log in to a separate platform. The finance team can easily re-send reminders to staff who haven't approved their invoices.

Incentivized

Efficiency

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Pricing

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Entry-level set up fee?

Setup fee required

For the latest information on pricing, visithttps://tipalti.com/pricing

Offerings

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services

Starting price (does not include set up fee)

$129 per month

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Features

Payment Management

Features that allow for the management of payments across various forms of finance/accounting software.

8.8

Avg 6.9

9.7
Customizable Approval Policies
(38) Ratings
Policies for different types of approvals can be customized, sent to multiple approvers, automatically approved, etc.
7.5
Financial Document Management
(35) Ratings
Invoices, expense reports, and associated documents are stored within the platform for any future needs.
8.9
Payment Status Tracking
(47) Ratings
Tracks what stage payments are at in the process, from approval to receipt.
8.6
Payment Audit Trail
(41) Ratings
Allows admin users visibility into the entire payment process, from receiving the expense claim or invoice to the payee receiving payment.
8.3
Duplicate Bill Detection
(41) Ratings
Detects duplicate invoices or expense reports to prevent double payments.
8.9
Advanced OCR
(36) Ratings
Automatically imports information from invoices, receipts, expense reports, and other scanned documents into the platform.
9.7
Electronic Funds Transfer
(36) Ratings
Funds can be transferred via EFT as opposed to paper checks.

Accounts Payable

Features found in accounts payable software products

8.3

Avg 6.2

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Product Details

What is Tipalti?

Tipalti is a payables automation solution that automates all phases of the accounts payable and payments workflow in one holistic cloud platform. Tipalti is designed to make it painless for finance departments to manage their entire global payables operation by streamlining:

Supplier onboarding and vetting
Tax and regulatory compliance
Procurement
Invoice processing, 2 and 3-way PO matching, and approvals
Global payment remittance, allowing a range of payment methods and currencies
Proactive communications of supplier payment status, issue resolution, and fraud detection
Enterprise-grade financial controls
Real-time payment reconciliation
Integrated with any ERP and accounting system
Tax reporting
Employee expense reimbursement with spend management solution
Card spend with corporate physical and virtual cards.

Tipalti's value proposition includes the following:

Reduce AP workload by 80% so the company can scale efficiently.
Generate revenue for AP and better manage cash flow with early payments.
Accelerate the financial close by 25%+ with detailed payment reconciliation reports.
Strengthen financial and compliance controls to mitigate risk and increase visibility.
Improve supplier relationships through a self-service payment experience.

Some of Tipalti’s customers include Amazon Twitch, Twitter, GoPro, Vimeo, and GoDaddy.

Tipalti Screenshots

Screenshot of Intelligent invoicing workflow

Screenshot of Mobile approvals for invoices and payments

Screenshot of Brandable self-service supplier portal (including handling tax forms)

Screenshot of Brandable self-service portal to collect and validate payment details

Screenshot of Combined payment methods, currencies, and entities in a single payment file

Screenshot of an early payment, which can be offered to suppliers through email or the supplier portal

Screenshot of an early payment, that suppliers can accept and is processed that day

Screenshot of The PO matching screen, to identify and resolve mismatches between purchase orders, invoices, and receipts

Screenshot of Tipalti PO Management, for modernized purchasing operations

Tipalti Integrations

Tipalti Competitors

Tipalti Technical Details

Deployment Types	Software as a Service (SaaS), Cloud, or Web-Based
Operating Systems	Unspecified
Mobile Application	No
Supported Countries	All
Supported Languages	Arabic, Bulgarian, Chinese, Czech, Danish, Dutch, English, English (UK), Finnish, French, German, Greek, Hungarian, Italian, Japanese, Korean, Norwegian, Polish, Portuguese, Romanian, Russian, Slovak, Spanish, Swedish, Thai, Turkish, Vietnamese

Tipalti Downloadables

Frequently Asked Questions

Tipalti starts at $129.

AvidXchange, Stampli, and BILL are common alternatives for Tipalti.

Reviewers rate Customizable Approval Policies and Electronic Funds Transfer highest, with a score of 9.7.

The most common users of Tipalti are from Mid-sized Companies (51-1,000 employees).

Tipalti Customer Size Distribution

Consumers	0%
Small Businesses (1-50 employees)	40%
Mid-Size Companies (51-500 employees)	50%
Enterprises (more than 500 employees)	10%

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Comparisons

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Reviews From Top Reviewers

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(1-5 of 89)

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Tipalti simplified our global payments and freed our time

Rating: 9 out of 10

Incentivized

October 02, 2024

Verified User

C-Level Executive in Research & Development

Marketing & Advertising Company, 11-50 employees

Vetted Review

Verified User

4 years of experience

Use Cases and Deployment Scope

We've teamed up with Tipalti, a top-notch payment platform, to make paying our freelancers around the world smoother and more reliable. Once our freelancers enter their bank details, Tipalti handles the rest, managing all the transactions efficiently. This way, we can process payments in bulk, cut down on paperwork, and make sure everyone gets paid on time and without any hassle.

Pros

Paying in Different Currencies - Tipalti makes it a breeze to send payments in various currencies (over 100 I think). This is great for businesses that work with freelancers or suppliers from around the world, as it simplifies dealing with foreign currencies.
Handling Tax Details - Tipalti make tax compliance less painful by automating the collection and validation of tax forms. Tipalti supports rules from various tax jurisdictions all over the world, helping ensure that our business stays on the right side of tax laws wherever we work.
Anti Fraud - They're proactive about security, using advanced monitoring to spot and stop suspicious activity. This helps protect our payments from fraud

Cons

The API is not super comfortable to use
The UI feels a bit barebones, especially from the receiver side
The transparency on fees per month is not always super clear

Likelihood to Recommend

For companies - like us - that rely heavily on freelancers from around the world, Tipalti can streamline the payment process by handling multiple currencies, different payment methods, and ensuring tax compliance with international regulations. This is also good for affiliate networks etc. While Tipalti is highly versatile, companies requiring extremely specific, customized payment workflows or those with highly specialized industries might find the platform less flexible than needed, requiring custom development.

Great AP Automation Software.

Rating: 7 out of 10

Incentivized

September 22, 2024

Verified User

Employee in Finance and Accounting

Internet Company, 11-50 employees

Vetted Review

Verified User

1 year of experience

Use Cases and Deployment Scope

Tipalti is part of our day-to-day operations for AP and bookkeeping. We use it for processing, recording, bookkeeping, and general managing of the AP department. Usually, there are 2-3 different departments involved in the approval flow of invoices; this ensures that no invoice gets recorded with no oversight/approval from department leads. A user can observe who has reviewed/approved the invoice on the email screen without the need to reach out directly and inquire personally.

Pros

Simplicity - no need to log into our ERP as everything is manageable from within the email itself.
Intuitive - approve, decline (send back to AP), leave a comment are the few options available so there is no confusion about this.
Good OCR - crucial.

Cons

Integration with Intacct—To pull the invoice, you need to log into Tipalti itself, as the ERP, in our case, does not provide for this, adding a little friction.
Need to continuously verify each time you log in. Makes this part tedious.

Likelihood to Recommend

Generally speaking, it's very well suited, as this product will meet your needs; it allows for optimization of the AP approval flow, as you can approve invoices directly from your email while checking key information. However, an accountant/bookkeeper will find it a pain to continuously log into a new website just to pull the invoices rather than integrating Tipalti with our ERP and enabling the invoices to be pulled directly from the ERP itself.

Tipalti - rock solid P2P solution

Rating: 8 out of 10

Incentivized

January 12, 2024

Michael Bennett

Director of Financial Systems

ForgeRock (Computer Software, 501-1000 employees)

Vetted Review

Verified User

1 year of experience

Use Cases and Deployment Scope

We use A/P Hub and PO Management in order to streamline and automate the P2P process. Prior to Tipalti, we used a combination of NetSuite end to end, FloQast ReMind (to help with accruals), Google forms for source to pay and accountants to manually tie everything together. The process was extremely manual and inefficient. We evaluated a number of offerings and determined Tipatli best solved our needs.

Pros

3 way matching
Communication (both regular email and chat feature within Tipalti)
Workflows

Cons

Reporting - need more built out reports, plus ability to customize, eg date range
Make A/P Hub and PO more seamless. Still 2 separate experiences
Incorporate the best features of PO into A/P Hub, eg impersonation
1099 reporting still seems to be an afterthought

Likelihood to Recommend

Tipalti is head and shoulders above basic NetSuite P2P experience. It is ideal for medium size enterprises and seems a lighter lift that Coupa. That said, there is obviously competition in this space, with offerings from e.g. Zip, that cover entire Source to Pay space and offer even more automation. Tipalti needs to continue to automate.

Tipalti was a game-changer for our organization

Rating: 10 out of 10

December 18, 2023

Zach Victor

SVP Finance

Create Music Group Inc (Music, 201-500 employees)

Vetted Review

Verified User

3 years of experience

Use Cases and Deployment Scope

We use Tipalti for our Global procurement process which includes fully cycle onboarding through payments processing, with everything syncing with our ERP, NetSuite. We make monthly payments to over 2,000 music labels and artists. It has helped us significantly improve the timeliness and accuracy of vendor onboarding, tax compliance, invoice processing and payment tracking.

Pros

Supplier portal is easy to use for our vedors to securely and accurately capture contact, tax and payment information
It can handle large volume uploads we need to make every month to create invoices for our music artists and labels
It accurately syncs with our ERP NetSuite so real time GL activity is tracked
It can make payments using ACH, eCheck (Int'l ACH), Wires and Paypal, so gives vendors a lot of options to be paid how they prefer

Cons

It can do PayPal payments but I believe it is limited to USD currency
In our iFrame it can be a little confusing for a vendor on how to update after the initial set-up. Internal users also can't make changes like they can in the Supplier Portal (or at least I'm not aware how)

Likelihood to Recommend

Well suited for a Global company with a larger volume of invoices and payments, especially those that would benefit from multiple payment options to vendors (ex. ACH, Paypal, Wire, etc). A more simple company only doing business in the US with a smaller volume of invoices/payments may not benefit as much from the capabilities.

Happy Tipalti User!

Rating: 10 out of 10

March 29, 2024

Verified User

Professional in Finance and Accounting

Computer Software Company, 201-500 employees

Vetted Review

Verified User

2 years of experience

Use Cases and Deployment Scope

We use Tipalti as our automated AP invoice processing and global payments solution. All purchase invoices are received to a shared mailbox and automatically loaded into Tipalti for review. We then code the invoices or match them to POs and send them for approval through the system. Once approved, they are scheduled for payment and paid automatically on their due date via our Tipalti accounts. Both invoices and payments sync each day with our ERP system.

For us Tipalti has massively simplified our AP process from start to finish. Not only that, being be able to schedule payments to go out on the invoice due date has had a real positive impact on our cash flow, ensuring we pay our vendors on time but maximise our cash as far as we can.

Pros

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

Cons

We've found that the OCR is at times not particularly accurate, which is not such an issue for us but would be if we had invoices with dozens of lines
Sometimes Tipalti flags sync errors when the invoices have in fact synced correctly to our ERP

Likelihood to Recommend

The invoice processing element is far, far easier than manually inputting invoices are we were doing previously. The OCR is not perfect, but having it scanned in and ready for review saves a lot of time.

The approvals process is fast and effective, and approvers can approve directly from the email without having even to log into the system. The audit trail function allows the finance team to see exactly who has done what to each invoice, and when.

Payments, however, are where we see the most benefit. Vendor bank details are stored securely and controls can be put in place to ensure that any changes to vendor data must be approved. Once fully approved, invoices can be scheduled for payment either on a particular date or on the invoice due date, which ensures vendors are paid on a 'Just In Time' basis. All invoices and payments sync seamlessly to our ERP each day.

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Cons

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