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Tipalti Review

Tipalti
Our score: 9.1 User satisfaction: 100%

What is Tipalti?

Tipalti is an award-winning payment automation and management software. It won the 2017 Supreme Software Award.

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

This award is given only to top B2B products and represents the highest possible level of service. It highlights the vendor’s extensive knowledge of the industry they’re selling to and the needs of their customers.
An award given to products our B2B experts find especially valuable for companies
This certificate is granted to products that offer especially good user experience. We evaluate how easy it is to start using the product and how well-designed its interface and features are to facilitate the work process.

Tipalti Position In Our Categories

Position of Tipalti in our main categories:

TOP 20

Tipalti is one of the top 20 Accounting Software products

TOP 20

Tipalti is one of the 20 Affiliate Marketing Software products

TOP 10

Tipalti is one of the top 10 Online Accounting Software products

Tipalti is also listed in the following subcategories:

Every company has different wants and requires a software that can be personalized for their size, type of staff members and customers, and the particular industry they are in. For these reasons, no software can offer perfect tools out-of-the-box. When you search a software system, first be sure what you want it for. Read some Tipalti Billing and Invoicing Software reviews and ask yourself do you desire basic features or do you want advanced functionality? Are there any industry-specific tools that you are seeking? Get the answers to these questions to help your search. There are plenty of aspects that you need to reflect on and these include your finances, specific business needs, your organization size, integration requirements etc. Take your time, check out a few free trials, and finally select the system that offers all that you require to enhance your company efficiency and productivity.

How Much Does Tipalti Cost?

Tipalti Pricing Plans:

Free Trial

Quote-based Plan

Contact vendor

Please contact Tipalti directly to get more details and a customized quote for your company. There is also a great free demo of the product that will take you on a tour through all key components of the service.

User Satisfaction

Positive Social Media Mentions 16
Negative Social Media Mentions 0

We realize that when you make a decision to buy Billing and Invoicing 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 Tipalti reviews 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.

Video

Technical details

Devices Supported

  • Windows
  • Linux
  • Android
  • iPhone/iPad
  • Mac
  • Web-based

Deployment

  • Cloud Hosted

Language Support

  • English
  • Chinese
  • German
  • Japanese
  • Spanish
  • French
  • Russian
  • Italian
  • Dutch
  • Portugese

Pricing Model

  • Monthly payment

Customer Types

  • Small Business
  • Large Enterprises
  • Medium Business
  • Freelancers

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

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Tipalti Comparisons

Tipalti user reviews

Our new company has greatly benefitted from Tipalti!

Read full review >
Bert
5/5

Overall Impression

5/5

Customer Support

5/5

Value for Money

5/5

Ease of Use

Published on: 22.09.2018 Company Size: More than 100 Employees Industry: Marketing and Advertising

I find this app to be very convenient!

Read full review >
Patti
5/5

Overall Impression

5/5

Customer Support

5/5

Value for Money

5/5

Ease of Use

Published on: 25.08.2018 Company Size: More than 100 Employees Industry: Not available

Saved time from doing a lot of work!

Read full review >
Caroline
4/5

Overall Impression

4/5

Customer Support

4/5

Value for Money

4/5

Ease of Use

Published on: 17.08.2018 Company Size: More than 100 Employees Industry: Not available

A functinoing payment system that with the potential to do better.

Read full review >
Juanita
4/5

Overall Impression

4/5

Customer Support

4/5

Value for Money

4/5

Ease of Use

Published on: 29.04.2018 Company Size: More than 100 Employees Industry: Not available

A fantastic option to have!

Read full review >
Anna
5/5

Overall Impression

5/5

Customer Support

5/5

Value for Money

5/5

Ease of Use

Published on: 01.02.2018 Company Size: 11-50 Employees Industry: Not available

What are Tipalti pricing details?

Tipalti Pricing Plans:

Free Trial

Quote-based Plan

Contact vendor

Please contact Tipalti directly to get more details and a customized quote for your company. There is also a great free demo of the product that will take you on a tour through all key components of the service.

What integrations are available for Tipalti?

Tipalti is an open API system which can be connected to every app and business system. However, the system offers a variety of pre-built ERP and performance marketing integrations:

  • CAKE
  • HasOffers by TUNE
  • NetSuite (including NetSuite OneWorld)
  • QuickBooks Online
  • HitPath
  • Paladin
  • LinkTrust
  • Everflow

Tipalti average rating:

Average score
5/5 (5 user reviews)
5/5

Overall Impression

5/5

Customer Support

5/5

Value for Money

5/5

Ease of Use

Write your own review of this product

ADD A REVIEW

The most favorable review

Anna

PROS: Tipalti has saved my life so many times in sending out payment by batches. It did a spectacular job handling thousands of payees at the same time. Everything was done by hand before I discovered this gem. When I made my switch, it saved a lot of time! Setting it up and migrating data took a bit of time, but Tipalti was right there with me the entire time. Great support staff too!

CONS: One downer for me is that I had a difficult time checking an image. The only way for me to make that happen is by going through customer support. While the process won't make you wait long, it's still a step that I find annoying. Keep in mind that this just a minor issue not a big one!

Reviewed 2 years ago

Read full review >

The least favorable review

Caroline

PROS: Tipalti is capable of processing different kinds of payments. It can initialize ACH, checks, and wire transfers simultaneously to trim down the APR processing. Approval processing. Even though we haven't tried the iFrame integration, we like its potential. We're excited to finally get our vendors to have complete control of updating their payment of preference as well looking into their payment history.

CONS: There's currently no integration with QBO. But I was informed this come around soon.

Reviewed 1 year ago

Read full review >

More reviews from 5 actual users:

Sort by:

Latest
  • Latest
  • Most useful
  • Most positive
  • Most negative

Our new company has greatly benefitted from Tipalti!

Read full review >
Bert
5/5

Overall Impression

5/5

Customer Support

5/5

Value for Money

5/5

Ease of Use

Published on: 22.09.2018 Company Size: More than 100 Employees Industry: Marketing and Advertising

PROS: We're newbies to Tipalti and it was imperative for us to have a strong customer support. That's what Tipalti gave us. Whenever we wanted to ask something about the software, their customer support responded to us right away through email. Sometimes they would call us over the phone to offer assistance. They're really great!

CONS: So far, there's really nothing that we found alarming.

What do you think about this review? Great Poor

I find this app to be very convenient!

Read full review >
Patti
5/5

Overall Impression

5/5

Customer Support

5/5

Value for Money

5/5

Ease of Use

Published on: 25.08.2018 Company Size: More than 100 Employees Industry: Not available

PROS: One of the greatest things with this app is that our payess can look into payment details without us having to send out statements. The process involved in registration is simple. Our payees can receive payment in the form of a check or ACH. They have the option to update their own contact or payment preferences as well as tax details in their own time.

CONS: Initially, collecting payment details appeared to be a tedious process. But after trying it out the first time, they were able to do things within the app without any help.

What do you think about this review? Great Poor

Saved time from doing a lot of work!

Read full review >
Caroline
4/5

Overall Impression

4/5

Customer Support

4/5

Value for Money

4/5

Ease of Use

Published on: 17.08.2018 Company Size: More than 100 Employees Industry: Not available

PROS: Tipalti is capable of processing different kinds of payments. It can initialize ACH, checks, and wire transfers simultaneously to trim down the APR processing. Approval processing. Even though we haven't tried the iFrame integration, we like its potential. We're excited to finally get our vendors to have complete control of updating their payment of preference as well looking into their payment history.

CONS: There's currently no integration with QBO. But I was informed this come around soon.

What do you think about this review? Great Poor

A functinoing payment system that with the potential to do better.

Read full review >
Juanita
4/5

Overall Impression

4/5

Customer Support

4/5

Value for Money

4/5

Ease of Use

Published on: 29.04.2018 Company Size: More than 100 Employees Industry: Not available

PROS: I love how this software works! I can easily pay the invoices that I want and in batches. Training non-account types are super simple. Onboarding new suppliers and vendors are a cinch! It's a blessing to have something like this despite some caveats.

CONS: So far, it doesn't have a 1099 automation. There's not option to set up multiple payments for one user. It seems there's no integration to the ERP we're currently running.

What do you think about this review? Great Poor

A fantastic option to have!

Read full review >
Anna
5/5

Overall Impression

5/5

Customer Support

5/5

Value for Money

5/5

Ease of Use

Published on: 01.02.2018 Company Size: 11-50 Employees Industry: Not available

PROS: Tipalti has saved my life so many times in sending out payment by batches. It did a spectacular job handling thousands of payees at the same time. Everything was done by hand before I discovered this gem. When I made my switch, it saved a lot of time! Setting it up and migrating data took a bit of time, but Tipalti was right there with me the entire time. Great support staff too!

CONS: One downer for me is that I had a difficult time checking an image. The only way for me to make that happen is by going through customer support. While the process won't make you wait long, it's still a step that I find annoying. Keep in mind that this just a minor issue not a big one!

What do you think about this review? Great Poor
Reviewed By Jenny Chang
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