Tipalti- it's a lifesaver!
February 26, 2024

Tipalti- it's a lifesaver!

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

Modules Used

  • Invoice Processing
  • Payments

Overall Satisfaction with Tipalti

We work with over 100 independent contractors every month, onboarding an average of 10 new vendors a month. Prior to Tipalti, we manually gathered the w9 and payment information and routed invoices for approval through email. Our vendors appreciate the simplicity of Tipalti's vendor onboarding, it takes them less than 5 minutes, and we value that the onus is on the vendor. Payment cannot be issued until they have correctly completed the forms.We estimate that we've recovered two full work days by utilizing Tipalti.
  • Vendor onboarding
  • Payment approval
  • ERP integration
  • Approvers having viewing access to prior invoices for vendors
  • Syncing with QBO can be a little testy, but this might be a QBO issue
  • Time saved on vendor onboarding
  • Time saved on payment approval
  • Accuracy of vendor information- much fewer corrections on our end
Tipalti is easy to use- we were able to implement it within a few days of signing the contract, we trained our approvers with an email, and our vendors found the onboarding easy and straightforward. At year end, the reporting for 1099 preparation was exactly what our tax accountant needed.
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 getting missed and overall poor organization. Now the only invoices that we miss are ones that were never sent!
Tipalti's system is much easier to manipulate, it felt like you needed an advanced degree to utilize Concur effectively.

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

Tipalti is a perfect solution for companies working with many vendors, particularly independent contractors. It is also is a great payment solution for companies receiving and distributing money on their customers behalf.

Tipalti Feature Ratings

Automated Accounts Payable Processes
10
Vendor Management
10
Customizable Approval Policies
10
Financial Document Management
5
Payment Status Tracking
10
Payment Audit Trail
10
Duplicate Bill Detection
10
Advanced OCR
10
Electronic Funds Transfer
10