Streamlining Supplier data input
Tipalti puts the responsibility for maintaining accurate payee data on suppliers and partners. As a side benefit, they’re given freedom of choice when it comes to how they’re paid. Different countries and jurisdictions have varied banking and money transmission requirements. Tipalti handles paying in the most efficient way to everyone no matter where they live.
Payee Account info
Not all payees have the same needs and your payment method should meet these needs. The Tipalti white-labeled self-serve dashboard allows each payee to choose their preferred payment method, while keeping your organization in full tax and regulatory compliance.
Payees are prompted to enter their banking information to ensure successful remittance of payments. Your workload is kept to a minimum. No more error-prone manual payments entry.
To ensure tax compliance, payees are required to complete the necessary tax forms (e.g. W-9), which are kept with the payer. An end-of-year 1099 report provides a submission-ready file to help you manage reporting to federal and state authorities.