Item: Tipalti
Rating: 9
Author: Verified User

Overall Satisfaction with Tipalti

Use Cases and Deployment Scope

Tipalti has simplified our AP approval process saving time and improving efficiency. Setting up and paying vendors has never been easier. Vendors can select the payment method they prefer and provide W-9 information all within Tipalti. Monthly and year-end reporting is a breeze with the reconciliation and 1099 preparation reports.

Pros and Cons

Pros

Provides email for automatic scan and upload of invoices.
Learns and automatically codes invoices.
Easily allows flexibility of invoice approvals.
Saves our accounting department time!

Cons

Ability to change the number of and assignment of required approvers for payment approval.
Simplify process for paying an invoice previously paid but payment was rejected.
Would be nice to see the originating email of incoming invoices. Occasionally, there are pictures in as invoices to be reviewed with no other information and no way to tell who it was from.

Return on Investment

Simplified the invoice approval process.
Cut the payment processing time by over half as we only make one transfer to pay many bills in multiple forms.
Our AP process is much more efficient since implementing Tipalti.