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Tipalti

Tipalti

Starting at $129 per month
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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.

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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.

8.7
Avg 7.4

Accounts Payable

Features found in accounts payable software products

8.4
Avg 6.7
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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:

  1. Reduce AP workload by 80% so the company can scale efficiently.

  2. Generate revenue for AP and better manage cash flow with early payments.

  3. Accelerate the financial close by 25%+ with detailed payment reconciliation reports.

  4. Strengthen financial and compliance controls to mitigate risk and increase visibility.

  5. 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 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 portalScreenshot of an early payment, that suppliers can accept and is processed that dayScreenshot of The PO matching screen, to identify and resolve mismatches between purchase orders, invoices, and receiptsScreenshot of Tipalti PO Management, for modernized purchasing operations

Tipalti Technical Details

Deployment TypesSoftware as a Service (SaaS), Cloud, or Web-Based
Operating SystemsUnspecified
Mobile ApplicationNo
Supported CountriesAll
Supported LanguagesArabic, 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

Frequently Asked Questions

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 starts at $129.

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

Reviewers rate Electronic Funds Transfer highest, with a score of 9.3.

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

Tipalti Customer Size Distribution

Consumers0%
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

(1-5 of 100)

Easy-to-use AP System

Rating: 10 out of 10
September 10, 2020
Vetted Review
Verified User
Our Accounting department mainly uses Tipalti but other departments have access to be able to review the vendors they work with for they department. It had made it so much easier to enable access to managers to view bills as that eliminates having to reach out to Accounting department for any questions regarding any specific vendors they work with.
  • Amazing customer service! We have come across issues but our Account Manager and support have always made sure that we felt like we were a priority. I have always felt comfortable asking any question with a really quick response time.
  • Reporting and Easy-to-use interface. Logging in to Tipalti is very simple and the interface and user-friendly.
  • Quicker payment processing. It has been great approving and processing payments.
  • Updating the GL account and resolving any syncing issue that may arise.
Cons
  • I suggest some improvements in the way we can search for payees information. This is something I had already brought up and has been forwarded t their Dev teams.
Tipalti is perfect if you work with multiple contractors nationally and internationally, as it will validate their tax forms info. I would say that Tipalti will work 99% of the time with your payees. Invoice information is directly synced to your Accounting software, which would be ideal to everyone; however, if Tipalti does not sync with your Accounting software then it may not be appropriate.

Tipalti Works Great, Easy to Use

Rating: 10 out of 10
January 28, 2022
NL
Vetted Review
Verified User
Tipalti
1 year of experience
We implemented Tipalti last year to manage our Accounts Payable workflow. It has been great. It syncs with our accounting system, the invoice approval process is simple for managers, and payments are easy to make.
  • Syncs with accounting system
  • Easy invoice approval process
  • Simple payment and approvals
Cons
  • Links with more banks to make it easier to make our payments without having to make bank transfers.
Works great for our medium-sized company.

Reliable, Easy to Use, Integrated Solution for Our Company

Rating: 9 out of 10
December 12, 2022
DL
Vetted Review
Verified User
Tipalti
1 year of experience
Tipalti is used for the coding, approval, and payment of almost all our supplier invoices. It is integrated with JIRA, which we use as our procurement system, to allow invoices to be matched to POs, and integrated with our ERP system such that all approved invoices and payments sync automatically.
  • The user interface is really clear and easy to use
  • Reporting is simple and completely configurable
  • Invoice audit trail is really helpful for understanding the reasons for any delays
Cons
  • OCR does not always work as it should, requiring manual intervention
Tipalti works incredibly well for us. I'm not sure how it would cope in a manufacturing environment, for example, but for a tech company like ours dealing only with services, it is ideal. The user experience is really good, downtime hardly ever happens, we haven't come across any bugs, and we have really great visibility of exactly where an invoice is sitting in the process, and also where it has been through the invaluable 'Bill audit' function. Payments go off smoothly, the support team is responsive and helpful, and the integrations make our lives much easier.

Easy to use, internal control compliant, very positive cost-benefit experience

Rating: 10 out of 10
June 28, 2023
FC
Vetted Review
Verified User
Tipalti
2 years of experience
We use Tipalti as the payment platform for paying vendors in the procurement function and employees in the Payroll function. Tipalti is really easy to use, both from an operational point of view and also from a reporting and audit evidence point of view. Adding funds to Tipalti is just as easy and you never wait more than one business day (in our experience). Annually the controls report is available that is requested by our external auditors. The fees are competitive when measured against other banking institutions. I will recommend it for other companies.
  • Easy to use.
  • Reporting functionality assisting the cash reconciliation process.
  • Controls reports available for external audit purposes.
  • Managing funds, in and outflows.
Cons
  • When making salary payments, we need predictability when the payments will settle, i.e. to manage the employees expectations. Being more accurate of when payments will settle can be improved.
Well suited:
1. Companies with 50 to 1000 employees.
2. Vendors with 50 to 1000 vendor profiles.
3. Start-up operations to mid-tier companies.
Less suited:
1. Where specific point in time settlement is needed, for example time-sensitive payroll payments.

Tipalti Use case

Rating: 9 out of 10
June 28, 2023
Vetted Review
Verified User
Tipalti
1 year of experience
We use Tipalti as a prime Bill processing, approval, and payment source. It's a great product to automate the vendor's billing and payment process.
  • Setting up bill approval matrix
  • Sending payments to vendors
  • Syncing with NetSUite
Cons
  • A dedicated customer service personnel to solve the user problem
  • Reduce the lead time taken to resolve a customer query
  • Fix bugs/scrips to reduce the sync errors between Tipalti and Netsuite
Tipalti is best suited for the Company with high billing volume. However its use case scenario gets challenged when it does not sync with NetSuite
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