Tipalti Review
OUR SCORE 91%
- 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 an online-based account management solution that can automate accounts payable process. It has a wide range of functionalities consisting of invoice automation, reporting and payment reconciliation, compliance management, supplier management, and tax calculations. The software contains an online portal that can help users with supplier onboarding and management. It can also send out automated notifications to vendors regarding payment status, invoices, and other pertinent details. Tipalti Reviews can streamline supplier payment workflows, automate invoice collection, and ensuring simpler approval routing. It provides users support for compliance management and checking payment details automatically. The tool comes with payment reconciliation reports that can be linked to accounting systems and ERP (Enterprise Resource Planning). The software offers integration to other third-party performance and ERP management systems which include CAKE, NetSuite, Oracle, and Xero. Tipalti is ideal for any business regardless of size. It works well for freelancers working in different industries.Product Quality Score
Tipalti features
Main features of Tipalti are:
- Payment currency selection
- 1042-S tax reports
- Online payments
- Issue resolution payments
- Affiliate program integration
- Payment risk management
- 100% secure payment
- Payment fraud detection
- International bank transfer
- Regulatory compliance
- Global payment processing
- Customer and vendor payments
- Affiliate payments processing
- 1099 form generation
- Invoicing
- Payment reconciliation
- Supplier management
- Ad network performance tracking
- Paypal mass payment processing
- Tax form compliance
- Payment clearinghouse
- End-to-end AP
Tipalti Benefits
The main benefits of Tipalti are financial reporting, AP, and payment reconciliation. It can normalize data across a wide range of payment gateways and then feed it to ERP apps for extended use.
Operations are carried in the Supplier Management portal. This is the area where suppliers can organize and input their taxation details. Not only will this aid in simplifying supplier control, but it also eradicates human errors and downstream problems.
Tipalti is a KPMG-certified app that can gather W-9 and W-8 tax forms. This gives users the power to withhold payment for payees who are not compliant. The app can also create 1099 forms at the end of each calendar year.
The software makes it possible for companies to skip admin fines and other problems. Irresponsible payees are frequently scanned against the U.S. and international blacklists. This significantly minimizes the chances of issuing payment to illegal parties such as law-evading entities, drug traffickers, terrorists, and money launderers.
Tipalti’s W-9 and W-8 tax compliance will ensure FATCA compliance. This minimizes the time for AP personnel to scan and adhere to rules. Teams will have the ability to automate taxes accurately, come up with forms quickly, prepare 1042-S tax reports, and allow companies outside the U.S. to conduct storage and self-billing according to their ID and VAD details.
Users can conduct payment to 150+ countries. They have the option to choose between 100+ currencies and several payment methods including prepaid debit cards, Global ACH, local bank transfer, and PayPal.
Tipalti’s payment configuration offers numerous financial controls. These include signatory rights, payer/payee splitting, advanced payment reconciliation, currency selection, audit trails, and payment threshold setting. Payment reconciliation reports are comprehensive and precise. Users can create them automatically without worrying about regional considerations, varying payment method options, and taxation regulations.
Technical Specifications
Devices Supported
- Web-based
- iOS
- Android
- Desktop
Customer types
- Small business
- Medium business
- Enterprise
Support Types
- Phone
- Online
Tipalti Integrations
The following Tipalti integrations are currently offered by the vendor:
- QuickBooks Online
- HitPath
- Paladin Software
- Oracle Ebusiness Online
- Cake
- HasOffers by TUNE
- NetSuite ERP
Video
Customer Support
Pricing Plans
Tipalti pricing is available in the following plans:
