Tipalti is a payment management and automation tool with intuitive bill and invoice processing features. It helps small to medium sized businesses to deal with issues like late payments, non-compliance, human errors and excessive administrative load etc.

Tipalti doesn’t have any default pricing plans but they do offer a free product tour to prospective customers. The company can be contacted for quotes.

Tipalti comes with the following exciting features:

Reduces the Need for Manual Processing

With Tipalti, managing your payables and ensuring that you get paid on time can be automated to a great extent. From adding late payment fees to efficient supplier management, everything can be automated. Not only does this make the payment procedure more efficient, it also makes it less prone to errors.

Tax Compliance

Tipalti is KPMG-certified and FATCA-compliant which allows it to automate all tax processing procedures including tax form validation, withholding calculation and collection. It can also generate end-of-year tax reports.

Comprehensive Invoice Management Module

The invoicing system in Tipalti consists of many beneficial features like matching POs to receipts and invoices, scheduling batch invoices for payments, automated reconciliation of supplier payments, intelligent routing of approvals and reducing the need for manual data entry by using optical character recognition.

Early Payment Discounts

Discounts are always an enticement for customers, and with Tipalti, you can attach discounts to early payments which will ensure that you receive payments faster.

Payment Reconciliation Reports

Payment reconciliation and other financial reports can be instantly generated with Tipalti which completely eradicate the need for manual reconciliations.

Tipalti provides APIs that can integrate with any 3^rd party application or business system. It also comes with default integration support for CAKE, NetSuite ERP, HasOffers, HitPath and Oracle Ebusiness Online, Paladin Software. When it comes to payment gateways, it can integrate with PayPal, Intercash and Wells Fargo etc.

Tipalti has a very sleek, easy-to-use, simplistic design which shouldn’t present a learning curve even to beginners. The menu bar allows you to switch between different sections like bills, payments and reports etc. seamlessly. Obtaining important information or performing sensitive operations is fairly straightforward.