At Tipalti, we believe you should focus on the importance and strategy of scaling your business rather than the minutiae of accounts payable logistics.
B2B Payment Issues In the digital Economy
We live in a fragmented world that depends highly on the effort of others. Innovative, fast-growing businesses rely increasingly on global suppliers to scale and succeed.
The effort to pay those suppliers efficiently, sometimes totaling hundreds or thousands of transactions per month, across multiple borders has hindered the ability for many of these digital economy companies to scale at will.
In short, today’s accounts payable processes and financial management technologies fail to truly streamline and automate the last mile of the procure-to-pay process.
Tipalti Solves Global B2B Payments
Founded in 2010 by serial entrepreneur Chen Amit and underground VC Oren Zeev, Tipalti was created to address the difficulties associated with making mass global payments. In Hebrew, “tipalti” means “I took care of it,” which infuses the culture of the company to simplify complexity.
Tipalti’s supplier payments automation platform streamlines the way companies make payments to those critical to delivering goods and services – be it supply chains or crowds or 1099 contractors. Tipalti is a comprehensive cloud-based solution that unifies all phases of supplier payment workflow from vendor on-boarding and payment method selection to funds disbursement, while keeping the payer in full tax and regulatory compliance. Letting Tipalti take care of your payments means automating over 26,000 rules across the payment remittance process on a proven platform that serves over 600,000 payees and that processes over $2 billion in payments annually.
By focusing exclusively on the problem of managing supplier payment operations, Tipalti strategically positions innovative companies to scale accounts payable operations while also employing key best practices for reducing risk and improving compliance.
For your payees, whether they’re partners, suppliers, publishers, contractors, freelancers, or affiliates, Tipalti gives them unprecedented value by offering the choice of multiple payment methods, currency conversion, and automating communication about their payment status.
Anyone making over 100 supplier payments a month should consider:
What is the value of reducing my supplier payments workload by 80%, and what would you be able to do with that extra time?