Tipalti streamlines the entire accounts payable workflow in one cloud platform. Tipalti for Emerging Businesses provides supplier onboarding, W-9 tax form collection and validation, invoice processing with OCR bill capture, invoice approvals, secure international vendor payments (US ACH, global ACH, PayPal, wire transfer, check), proactive OFAC screening, early payments, payment reconciliation, and AP reporting, all integrated with NetSuite. Designed to help small businesses get up and running quickly and affordably, Tipalti provides an effortless path to scale AP as businesses become more complex, grow, and go global.

Tipalti streamlines the entire accounts payable workflow in one cloud platform. Tipalti for Emerging Businesses provides supplier onboarding, W-9 tax form collection and validation, invoice processing with OCR bill capture, invoice approvals, secure international vendor payments (US ACH, global ACH, PayPal, wire transfer, check), proactive OFAC screening, early payments, payment reconciliation, and AP reporting, all integrated with NetSuite. Designed to help small businesses get up and running quickly and affordably, Tipalti provides an effortless path to scale AP as businesses become more complex, grow, and go global.

Tipalti AP Automation for Emerging Businesses on NetSuite

Tipalti for Emerging Businesses makes it painless for finance departments to manage their entire accounts payable and supplier payments operation by streamlining:

  • Supplier onboarding and vetting
  • Tax compliance 
  • Invoice collection, invoice processing, and invoice approvals 
  • OFAC and other sanctions screening before every vendor payment 
  • Global supplier payments 
  • Early payments 
  • Supplier communications 
  • Payment reconciliation & AP reporting

Key Benefits

Wipe out 80% of your AP and supplier payments workload. Tipalti cuts the manual work from your accounts payable processes, so you can focus on growth instead of back-office financial operations. Tipalti provides the infrastructure that sets you up for long-term sustainability, so you’ll never have to implement another AP system. 

Reduce tax, regulatory, and financial control risk. Built-in audit logs, OFAC & other sanctions screening before every payment, signatory rights, robust workflow approvals, and KPMG-reviewed digitized W-9 tax form collection and validation mitigate risk and fraud - and help ensure compliance.

Extend payment terms with early payments. Companies can extend net terms while early payment referral fees give AP revenue sharing opportunities and allow companies to manage cash flow better without impacting working capital.

Improve supplier relationships. Offer a broad range of global payment methods and currencies, provide early access to cash, and give visibility throughout the payment life cycle to improve payment accuracy and enhance the supplier payment experience.

Customer Quote

Before bringing on Tipalti’s payments automation technology, we were spending seven days a month paying our contributors around the world. Now we only spend one day making those global payments.
- Persha Valman, CFO, Seeking Alpha

Tipalti for Emerging Businesses Overview

Tipalti provides one unified payables automation system so you can effortlessly get on the path to scaling accounts payable as your business grows and goes more global. You’ll never need to implement another system, spend valuable time managing bills and international payments, or hire to keep supporting AP again. And as your business gets more complex, you can seamlessly upgrade to Tipalti’s more advanced capabilities at any time.

Supplier Onboarding, Vetting, & Communications

  • 26,000+ rules for verifying supplier payment information
  • Supplier self-service portal available 24 hours, 7 days per week
  • Onboard unlimited suppliers
  • Suppliers can view invoice and payment history, change payment information, see payment status, upload invoices, and accept early payment offers
  • Branded supplier portal matches payer's look and feel
  • Automated emails to suppliers for invoice and payment status, when tax forms are invalid or expired, when payments fail (and corrective action to take), and more

Tax & Regulatory Compliance

  • W-9 capabilities meet the standards outlined by the IRS, as prescribed by KPMG
  • W-9 tax form collection via a guided wizard and validation rules
  • 1099 tax preparation reporting
  • 1099 e-Filing powered by Sovos (for an additional fee)
  • Optimized for digital consumption and electronic signatures
  • Local / VAT tax ID collection in 50 countries, with 3,000+ rules that validate tax digits
  • OFAC and "Do Not Pay" blacklist screenings before all payments are processed

Invoice Collection, Processing, and Approvals

  • Electronic OCR scanning extracts invoice details and pre-populates bill information
  • Advanced data extraction services get you to 100% invoice completeness and accuracy 
  • Machine learning drives approval sequences based on criteria such as supplier, GL account, etc.
  • Intelligence built in, getting smarter and more accurate as invoices are scanned

Cross-Border Payments & Payment Reconciliation

  • International payments to 190 countries, 120 currencies
  • Choice of payment methods – US ACH, eCheck / global ACH, wire transfer, paper checks, PayPal
  • Advanced payment configuration such as payment fee splitting and payment thresholds 
  • Cross-payment method and region payment reconciliation reports 
  • Integrated with NetSuite - sync vendors, bills, and payments

Early Payments

  • Determine which suppliers and how much of the payment is eligible for early payment
  • Automatic discount calculations based on the number of days early the supplier chooses to be paid 
  • Easy acceptance of early payment offers – online with just a click
  • Tipalti’s financing partners cover early payment balances, no capital requirements

Tipalti was founded in 2010, and is a licensed money services business, headquartered in San Mateo, California. We are growing 100% year over year, while maintaining a 98% customer retention rate. With over $10B in annual payments running through our platform and 4,000,000 suppliers around the globe, Tipalti is the leading platform for managing the global payables operation. 900+ companies trust Tipalti to run their payables operation, including Twitter, GoPro, Docker, Roku, Uber, Vimeo, GoDaddy, PubMatic, ClassPass, Twitch, Houzz, and Tapjoy.

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