Tipalti simplified our global payments and freed our time
October 02, 2024

Tipalti simplified our global payments and freed our time

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

Modules Used

  • Invoice Processing
  • Payments

Overall Satisfaction with Tipalti

We've teamed up with Tipalti, a top-notch payment platform, to make paying our freelancers around the world smoother and more reliable. Once our freelancers enter their bank details, Tipalti handles the rest, managing all the transactions efficiently. This way, we can process payments in bulk, cut down on paperwork, and make sure everyone gets paid on time and without any hassle.

Pros

  • Paying in Different Currencies - Tipalti makes it a breeze to send payments in various currencies (over 100 I think). This is great for businesses that work with freelancers or suppliers from around the world, as it simplifies dealing with foreign currencies.
  • Handling Tax Details - Tipalti make tax compliance less painful by automating the collection and validation of tax forms. Tipalti supports rules from various tax jurisdictions all over the world, helping ensure that our business stays on the right side of tax laws wherever we work.
  • Anti Fraud - They're proactive about security, using advanced monitoring to spot and stop suspicious activity. This helps protect our payments from fraud

Cons

  • The API is not super comfortable to use
  • The UI feels a bit barebones, especially from the receiver side
  • The transparency on fees per month is not always super clear
  • Significant time saving, managing payment details of freelancers, etc
  • Reduced error rates, all done via their platform
  • Improved regulatory and tax compliance - they know it, we don't as well
I have navigated the ins and outs of Tipalti, and found it to be generally quite user-friendly, even when dealing with complex tasks like managing accounts payable and global payments. The interface is clean and usually simple, making it normally easy to find your way around (but not always). Integration with other accounting systems is fairly seamless, which is a huge plus for keeping everything running smoothly with other departments. Although there’s a learning curve initially, Tipalti’s solid customer support and thorough training resources were there to help us face most of our issues with the system, though we did need to solve some things on our side - manually. All things considered, I’d rate it a solid 8 out of 10 for its usability and overall reliability.

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

For companies - like us - that rely heavily on freelancers from around the world, Tipalti can streamline the payment process by handling multiple currencies, different payment methods, and ensuring tax compliance with international regulations. This is also good for affiliate networks etc. While Tipalti is highly versatile, companies requiring extremely specific, customized payment workflows or those with highly specialized industries might find the platform less flexible than needed, requiring custom development.

Tipalti Feature Ratings

Automated Accounts Payable Processes
8
Vendor Management
6
Tax Form Preparation
7
Customizable Approval Policies
Not Rated
Financial Document Management
7
Payment Status Tracking
8
Payment Audit Trail
8
Duplicate Bill Detection
Not Rated
Advanced OCR
Not Rated
Electronic Funds Transfer
Not Rated

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