Tipalti's AP Automation solution streamlines accounts payable processes, eliminating manual work and errors. It offers end-to-end automation, from supplier onboarding to global payments, enhancing efficiency and compliance. Key features include automated invoice management, self-service supplier management, built-in tax compliance, PO matching, and fast global payments. The platform integrates AI and machine learning capabilities, providing an intuitive user experience and fraud protection. It seamlessly connects with popular ERPs and accounting systems, offering pre-built integrations and ...
Vendor
Tipalti
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Tipalti's AP Automation is a comprehensive solution designed to revolutionize accounts payable processes for businesses of all sizes. By leveraging cutting-edge technology, including AI and machine learning, Tipalti eliminates manual work, reduces errors, and streamlines financial operations from end to end. The platform offers a suite of features that cover the entire AP workflow, from supplier onboarding and invoice management to global payments and reconciliation.
Key Features
Automated Invoice Management Tipalti's AI-powered system captures invoice details accurately, matches them to purchase orders, and routes them for approval, significantly reducing manual data entry and errors.
- OCR technology for automatic data extraction
- Intelligent routing and approval workflows
Self-Service Supplier Management The platform provides a multi-language, self-service portal for supplier onboarding, improving data accuracy and reducing status inquiries.
- Automated supplier information collection
- Real-time payment status updates for suppliers
Built-In Tax Compliance Tipalti's KPMG-approved tax engine ensures compliance with US and global tax laws, automatically validating supplier tax information.
- Instant capture of supplier tax details
- Validation against 3,000+ US and global rules
Global Payments The system facilitates quick and easy payments across 196 countries in 120 currencies, using 50+ different payment methods.
- Proactive payment error elimination with 26,000+ built-in rules
- Support for multiple payment methods and currencies
Benefits
Increased Efficiency Tipalti's automation significantly reduces the time spent on manual AP tasks, allowing finance teams to focus on strategic activities.
- Up to 80% reduction in workload for accounts payable teams
- Faster financial close cycles, up to 25% quicker
Enhanced Accuracy and Compliance The platform's built-in controls and validations minimize errors and ensure compliance with tax regulations and internal policies.
- Reduced risk of fraud and errors in payment processes
- Automated tax form collection and validation
Improved Scalability Tipalti enables businesses to handle growing transaction volumes without proportionally increasing headcount or costs.
- Ability to process high volumes of invoices and payments efficiently
- Seamless multi-entity and multi-currency management