- What is Tipalti
- Product Quality Score
- Main Features
- List of Benefits
- Technical Specifications
- Available Integrations
- Customer Support
- Pricing Plans
- Other Popular Software Reviews
What is Tipalti?Tipalti is a payment automation and management tool designed for all business types. It streamlines financial processes through timely payments, administrative automation, compliance, and fully precise calculations. Businesses no longer have to overburden themselves with what used to be a complex and manually driven process; with Tipalti, they get a solution that is flexible and easy to adopt. The software offers a complete set of tools for global payment processing. It helps you simplify the entire payment process for customers, vendors, and affiliates in 190 countries. The provider claims that all your regulatory requirements will be complied with and accomplished using the platform. Tipalti is also perfect for Network Economy companies that deal with high volume and high complexity payment transactions, such as digital goods and services, ISPs, affiliate networks, advertising networks, among others. According to the vendor site, it currently caters to more than 250,000 payees and processes more than $1 billion every year.
Product Quality Score
Main features of Tipalti are:
- 100% secure payment
- 1099 form generation
- End-to-end Accounts Payables
- Integration for ad network performance tracking and affiliate program management
- Affiliate payments processing
- Global payment processing
- Customer and vendor payment processing
- Payment methods for international and local transfers
- Online payment solutions for pay-out processing
- Payment clearinghouse
- Selection of more than 120 currencies
- Fraud detection
- Issue resolution
- Regulatory compliance tracking and knowledge base
- Payment reconciliation
- Payment risk management
- Paypal mass payment processing
- Tax form compliance
- Supplier management
- 1042-S tax reports
Tipalti benefits revolve around having an all-around solution for account payables and supplier payments, processes of which take 80% of accounting workflows. The software helps businesses cut payment expenses by 25%, according to vendor insights. Here are the details:
Easier and quicker payments
Tipalti is fully-capable of automating 50% of all manual and mass pay-out processes and transactions across 190 countries globally, according to the vendor. The solution specializes in payment reconciliation, AP, and business reporting and insights. It can centralize, clean, and normalize data across various payment gateways.
Aside from payment automation across 190 countries, you can choose among 120 currencies and 6 payment methods: Paypal, wire, Prepaid Debit Card, US ACH, Global ACH, or local bank transfer). Payment configurations are advanced and offers an array of payment reconciliation capabilities, payer/payee splitting, edit rights, audit trails, and more.
Tipalti utilizes a customizable supplier management portal. Suppliers can input their data and deal with taxation requirements. It employs a Remittance Validation Engine to validate such data. At the same time, it tracks and validates with more than 26,000 national and international compliance requirements and standards.
Adherence and compliance to quality taxation standards
Tipalti is KPMG-certified and consolidates W-9 and W-8 US tax forms. Non-compliant or suspicious payees are automatically scanned against US and international blacklists to prevent fraud and criminal funding. With its capability for W-9 and W-8 tax compliance, you no longer have to overburden your team with compliance. The software presents the right tax, creates forms, and generates reports to empower your business.
Reporting and analytics capability
The solution features a comprehensive payment reporting system. You get hold of reconciliation reports without having to bury yourself in compliance details, taxation rules, and payment processes.
To learn more about Tipalti pricing check out this review.
- Small business
- Medium business
The following Tipalti integrations are currently offered by the vendor:
- HasOffers by TUNE
- QuickBooks Online
- NetSuite (including NetSuite OneWorld)
Tipalti pricing is available in the following plans: