Tipalti - Simplifies Accounts Payable
August 26, 2022

Tipalti - Simplifies Accounts Payable

Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Modules Used

  • Invoice Processing
  • Payments

Overall Satisfaction with Tipalti

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

  • 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.
  • 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.
Tipalti makes paying vendors all over the world much easier.
Easily allows us to track the status of an invoice, see where it is in the approval process, and with whom it might be held up. Tipalti automatically sends reminder emails based on the number of days selected to help keep the process moving along. Provides a bill audit for each invoice giving details of each step in the approval process for each approver from start to finish. Tipalti gives us the option of uploading an invoice on the payee's behalf or sending it by email for automatic upload and scanning. Tipalti is a huge time saver for our small accounting department, giving us time to focus on other tasks.
I haven't used Bill.com for several years. I was not involved in the Tipalti selection process.

Do you think Tipalti delivers good value for the price?

Yes

Are you happy with Tipalti's feature set?

Yes

Did Tipalti live up to sales and marketing promises?

I wasn't involved with the selection/purchase process

Did implementation of Tipalti go as expected?

Yes

Would you buy Tipalti again?

Yes

Tipalti Feature Ratings

Automated Accounts Payable Processes
9
Vendor Management
10
Tax Form Preparation
10
Customizable Approval Policies
9
Financial Document Management
9
Payment Status Tracking
10
Payment Audit Trail
10
Duplicate Bill Detection
9
Advanced OCR
10
Electronic Funds Transfer
10

Comments

More Reviews of Tipalti