Price

$850

Logo of Tipalti

Tipalti REVIEW

Payment Management & Automation

3 user reviews
USER SATISFACTION 100%
OUR SCORE 9.1

What is Tipalti?

Tipalti is an award-winning payment automation and management software. It won the 2016 Supreme Software Award as well as the Experts’ Choice Award for 2016.

There is little to be done in the finance niche to impress customers, except of meeting deadlines and being impeccably accurate. Unfortunately, this is also the ultimate challenge of businesses operating in the industry, and tackling problems such as late payments, administrative overload, noncompliance, and often catastrophic human errors. This is where Tipalti becomes the handiest.

What can Tipalti do for your business?

The secret of Tipalti is simply optimizing payment to reduce finance management times registered as the biggest struggle of every accounting team out there. Tipalti turned what used to be a complex and confusing process into a normal day-to-day task, to the utmost satisfaction of many prominent businesses around the world. What is more, it did so in a very adoptable fashion, making sure users won’t have to reinvent the wheel to get acquainted to the system.

Why is Tipalti so powerful?

This holistic, cloud-based asset is a  powerful and secure payment haven that automates the entire mass global payment processing operation, from onboarding to tax compliance. The app will streamline the way you make payments to customers, partners, vendors, and affiliates across an impressive base of 190 countries. In the meanwhile, it will ensure that all tax and regulatory requirements are met with minimal human intervention, and it will met your initial goal – enhancing vendor and customer payment experiences while remaining focused on quality.

As for the user profile, we believe Tipalti can be handy in every business environment. The idealized scenario is to trigger its functionality in Network Economy companies with high volume and high complexity global pay operations, such as online marketplaces, crowd funding and crowd sourcing, digital goods and services, ISPs, affiliate networks, advertising networks, and app and software monetization organizations.

Currently, Tipalti is the favorite accounting system of many CEOs, COOs, and other employees in high positions. It serves a number greater than 250,000 payees, and processes more than $1 billion annually in international bank transfer. This numbers say more than words possibly can, which is how Tipalti’s draw the attention of Tapjoy, Infolinks, ClickDealer, and Disqus, among other prominent brands.

Overview of Tipalti Benefits

Even if you can’t trace this system that far in the past, you can do that with the company that designed it – Tipalti has years of accounting experience in the global supplier payment automation space, and an excessive knowledge database used to build what is today’s most powerful accounting and finance system. Many finance departments describe this system to be the one-stop-shop solution for their accounts payable and supplier payments – operations whose management used to occupy 80% of their working time. A more attractive catch is being able to cut 25% of the business’s current direct payment expenses.

Payment Automation

Saving time, as you see, is far from being the only benefit Tipalti has to offer. This system automates more than 50% of all manual, global, and mass pay-out operational processes across a spectrum of 190 countries. The system is a current leader in payment reconciliation, AP, and financial reporting, confirmed to normalize data across diverse payment gateways, and feed it straight to ERP apps for further usage.

Minimal Error and Downstream Issues

All operations are conducted on a brandable Supplier Management portal, where suppliers themselves input and manage taxation information. Once there, data is validated by the system’s Remittance Validation Engine where more than 26,000 national and international standards are monitored for compliance. As you can assume, this doesn’t only simplify supplier control, but it also eliminates downstream issues and human errors.

Compliance with National and International Taxation Standards

While speaking of tax compliance, we’d like to highlight the fact that this KPMG-certified app collects both W-9 and W-8 US tax forms in order to withhold payment for non-compliant payees, and generates 1099 forms at the end of each year. The company is finally in a position to skip administrative difficulties and fines, as the irresponsible payee is scanned against US and international blacklists (OFAC), preventing the possibility to issue a payment to money launderers, terrorists, drug traffickers, or other law evasion entities.  W-9 and W-8 tax compliance ensures FATCA compliance as well, and reduces thereof the time AP staff spends on rule adhering. Thanks to it, teams can depict the right tax automatically, create forms easily, prepare 1042-S tax reports, and empower self-billing and storage for non-US companies based on their VAT and ID information.

Facilitated Payment

As to payment itself, Tipalti makes it a breeze: You can pay in more than 190 countries, choosing between 120 currencies and 6 payment methods (Paypal, Wire, Prepaid Debit Card, US ACH, Global ACH, or Local bank transfer). The payment configuration is more than advanced, and provides a plethora of financial controls next to OFAC compliance: payment threshold setting, signatory rights, currency selection, advanced payment reconciliation, payer/payee fee splitting based on the payment method, edit rights, audit trails, and much more.

Advanced Reporting

Last, but not least, Tipalti’s team used its expertise to build an outstanding payment reporting system, with a variety of out-of-the-box details that catch the attention of modern business owners. Accurate and detailed payment reconciliation reports are generated automatically, without the manager having to worry about thousands of taxation rules, disparate payment method strategies, or regional considerations.

Overview of Tipalti Features

  • 100% secure payment
  • 1099 form generation
  • End-to-end AP
  • Ad network performance tracking integration
  • Affiliate payments processing
  • Affiliate program management integration
  • Customer and vendor payment processing
  • Global payment processing
  • International bank transfer/ international wire transfer
  • Invoicing
  • Online payment solutions for pay-out processing
  • Payment clearinghouse
  • Payment currency selection
  • Payment fraud detection
  • Payment processing issue resolution
  • Payment processing method selection
  • Payment processing regulatory compliance
  • Payment reconciliation
  • Payment risk management
  • Paypal mass payment processing
  • Tax form compliance
  • Supplier management
  • 1042-S tax reports

What Problems Will Tipalti Solve?

Scenario 1

Accounts payable / finance teams having trouble keeping up with high volume of supplier payments. As companies pass 100 payments a month and trend closer and closer to 1,000+ monthly payments, their workload related to managing invoices and supplier payments increases dramatically. They are forced to either staff up accounts payable and slow down progress on more strategic financial initiatives or to automate the accounts payable financial operations.

Scenario 2

Accounts payable / finance teams with meaningful % / volume of payments to overseas suppliers or plans to expand overseas suppliers. Paying suppliers overseas is much more time-consuming and risky than US domestic supplier payments, due to banks not remitting to all countries (requiring different payment services for different countries), different payment information rules and requirements for each country, more sophisticated tax compliance and reporting rules for overseas payees, greater regulatory requirements such as AML / OFAC checking, different payment method accepted, requests to be paid in local currency, etc. They are forced to either staff up accounts payable and slow down progress on more strategic financial initiatives or to automate the accounts payable financial operations.

Scenario 3

Company growth and maturity increases need for strengthen AP financial and reporting controls, to reduce fraud, audit, tax compliance, and regulatory risk. Business changes that may dictate this include: Preparing to be acquired, preparing to go IPO, public company needs to elevate financial processes, acquisition of additional companies required better controls, opening of international offices, increase in use of overseas suppliers, new CFO / controller identifies risk and requires upgraded processes, financial audit firm requires improved AP systems and processes, risk assessment determines need to address and strengthen controls.

Awards & Quality Certificates

Tipalti Position In Our Categories

Position of Tipalti in our main categories:

20

Tipalti is one of the top 20 Accounting & Finance Software products

20

Tipalti is one of the top 20
Accounting & Finance Software products


Tipalti is also listed in the following subcategories:

Category:Position:
Accounts Payable Software#9 Billing and Invoicing Software#10

It is crucial to keep in mind that virtually no service in the Accounting & Finance Software category is an ideal solution that can meet all the goals of all business types, sizes and industries. Certain services can excel exclusively in a really narrow set of applications or be prepared with a very specific type of industry in mind. Others may operate with an intention of being simple and intuitive and therefore lack advanced features needed by more experienced users. There are also software that support a wide group of users and offer a poweful feature base, but that usually comes at a more expensive price of such a service. Make sure you're aware of your requirements so that you pick a service that provides specifically the elements you look for.

How Much Does Tipalti Cost?

Tipalti Pricing Plans For Enterpises & Small Business:

Tipalti is priced at $850 per month plus a flat per transaction fee that varies according to the payment method the payee chooses. There is also a great free demo of the product that will take you on a tour through all key components of the service. You can easily sign up for Tipalti free demo here.

The software comes in one standard version with the above-mentioned price and supports unlimited number of transactions, payees, users, countries, partners, and suppliers.

User Satisfaction

We realize that when you make a decision to buy Accounting & Finance Software it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and opinions about Tipalti across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with Tipalti. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.
POSITIVE SOCIAL MENTIONS

16

NEGATIVE SOCIAL MENTIONS

0

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Technical details

Devices Supported
  • Windows
  • Linux
  • Android
  • iPhone/iPad
  • Mac
  • Web-based
Language Support
  • USA
  • UK
  • Canada
  • International
Pricing Model
  • Monthly payment
Customer Types
  • Small Business
  • Large Enterprises
  • Medium Business
  • Freelancers
Deployment
  • Cloud Hosted

What Support Does This Vendor Offer?

  • EMAIL
  • PHONE NO.
  • TRAINING
  • TICKETS

What are Tipalti pricing details?

Tipalti Pricing Plans:

Tipalti is priced at $850 per month plus a flat per transaction fee that varies according to the payment method the payee chooses. There is also a great free demo of the product that will take you on a tour through all key components of the service. You can easily sign up for Tipalti free demo here.

The software comes in one standard version with the above-mentioned price and supports unlimited number of transactions, payees, users, countries, partners, and suppliers.

What integrations are available for Tipalti?

Tipalti is an open API system which can be connected to literally every app and business system. However, the system offers a variety of ready ERP and analytic integrations that can eliminate the need to code:

  • Cake
  • HasOffers by TUNE
  • NetSuite ERP
  • QuickBooks Online
  • Oracle Ebusiness Online
  • HitPath
  • Paladin Software

User reviews


3 Reviews

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The most favorable review

Karis Management Group

6 months ago


Tipalti has been such a life saver in terms of getting payments out in large batches and managing over 1,000 payees. I was handling everything by hand prior to Tipalti or using online banking, and by switching I have saved so much time. The process of getting set up and migrating some data over took some time and brain power, but Tipalti was right beside me the whole way. The support staff has been great and are always willing to help. The biggest con for me right now is just not being able to quickly see a check image. I have to request that through support. It usually doesn't take long, but it is an extra step. With that said, it isn't THAT big of a con :)

The least favorable review

Chris

5 months ago


Great system overall for the price. Readily reachable support when needed. Data is easily managed and we generally have a seamless AP schedule thanks to Tipalti. I've used the system now for a little over 2 years and haven't had too many issues that were generated from Tipalti.We've had some integration issues in the past with our system database which have caused delays so results can sometimes vary if the other side of Tipalti isn't on their primary list of compatible software. We did know this but with the help of their support, these issues are coming to a minimum if not complete stop.

Chris

5 months ago

Great system overall for the price. Readily reachable support when needed. Data is easily managed and we generally have a seamless AP schedule thanks to Tipalti. I’ve used the system now for a little over 2 years and haven’t had too many issues that were generated from Tipalti.

We’ve had some integration issues in the past with our system database which have caused delays so results can sometimes vary if the other side of Tipalti isn’t on their primary list of compatible software. We did know this but with the help of their support, these issues are coming to a minimum if not complete stop.


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Karis Management Group

6 months ago

Tipalti has been such a life saver in terms of getting payments out in large batches and managing over 1,000 payees. I was handling everything by hand prior to Tipalti or using online banking, and by switching I have saved so much time. The process of getting set up and migrating some data over took some time and brain power, but Tipalti was right beside me the whole way. The support staff has been great and are always willing to help. The biggest con for me right now is just not being able to quickly see a check image. I have to request that through support. It usually doesn’t take long, but it is an extra step. With that said, it isn’t THAT big of a con 🙂


What do you think about this review? Great Poor

Tony Lee

6 months ago

Tipalti has helped us scale our A/P process significantly in the past year. We’ve gone from paying our partners manually, one by one, to automating a bulk of the work. Having Tipalti integrated to collect payment and tax information on our behalf has freed up resources and allowed us to focus on more value added projects.


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