Item: Tipalti
Rating: 9
Author: Ofer Bar-Ner

Use Cases and Deployment Scope

We use Tipalti to pay all our international suppliers. They register on the platfrom and I just use their code to transfer funds. In the future and when they support drop ship and plan to use the invoice module as well and have them load it directly on the platform.

Pros and Cons

Send notifications to suppliers
Update on any delays or problems
react very fast if there is any problem

They could accept the money in Israel instead of having to made transfer to their US bank
They should support every business transaction including drop shipping
They are quite expensive (the fix monthly charge)

Return on Investment

Save time to onboard new suppliers
Operate like a large corporate even when you are still very small
The process is well documented and notifications are sent automatically to your suppliers

Usability

I only use the payment module and it works perfect

Efficiency

As we are a small team this allows one person to take care of all payments to global vendors.
The suppliers are also more confident in you and are happy to extend credit for you payables.

Alternatives Considered

Balance

They support many more countries and allow us to use the platform in ALL our global payment

Key Insights

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?

Yes

Did implementation of Tipalti go as expected?

Yes

Would you buy Tipalti again?

Yes

Other Software Used

NetSuite ERP

Likelihood to Recommend

Tiplati is best suited for companies with large number and changing suppliers base. They are also perfect for global suppliers network as they seamlessly support in many different countries.
If your supplier network is small and quite fixed it is less important as you local bank can support you as well.

My Tipalti experience

Modules Used

Overall Satisfaction with Tipalti