Tipalti Reviews & Product Details

What is Tipalti?

Tipalti is a cloud-based payments automation and management platform designed to simplify the process of issuing payments to global suppliers. It enables companies to automate their entire payments process, from supplier onboarding and payment authorization to compliance screening, payment tracking, and reconciliation. It also provides a wide range of features such as fraud prevention, taxation compliance, currency conversion, and supplier self-service portals.The platform is designed to make payments more efficient, accurate, and cost-effective, while providing businesses with greater control and visibility into their payments process. It offers a unified payments experience with a single interface to manage payments in multiple currencies and locations. It also offers an AI-driven payments engine to process payments quickly and accurately, along with automated reconciliations and error-free payments. Tipalti also provides a range of services to help businesses manage their suppliers, including supplier onboarding, risk assessment, and payment tracking. It also offers a range of reporting features to help businesses gain insights into their payments data. Overall, Tipalti is a comprehensive payments automation and management platform designed to help companies simplify their payments process and manage their suppliers more effectively. It offers a range of features to make payments more efficient, accurate, and cost-effective, while providing businesses with greater visibility and control over their payments process.

GROWSCORE
4.5
Out of 5
AWARDS
An award given to top rated software
IDEAL FOR
SMEs
User Base
TRIAL PERIOD
No Trial
Duration
BASE PRICE
Custom
Billing Cycle
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Tipalti is a comprehensive, cloud-based payables automation software that simplifies and streamlines global supplier payments operations for businesses, handling every step of the process from payee onboarding and vetting to payment execution, reconciliation, and reporting.
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GrowScore™

The GrowScore™ is derived from a balanced evaluation of Features, User Experience, and Performance & Reliability, each rated out of 100. We calculate the final score by taking the weighted average of these parameters, offering a quick, comprehensive insight into software quality.

Software Features:
4.4
User Experience:
4.4
Performance and Reliability:
4.6
GrowScore™:
4.5

Tipalti Platform Features

After conducting thorough research and a rigorous evaluation process, we have determined whether this software includes the top 5 essential features.

Feature Status Product Feature
Multi-Currency & Payment Method Support
Fraud Detection & Risk Management
Transaction Reporting & Analytics
Recurring Billing & Subscription Management
Payment Gateway Integration

Growann's View

Our opinion on Tipalti

Tipalti is recognized for its automated accounts payable process, which significantly reduces errors, increases efficiency, and saves time by handling everything from invoice processing to payments, compliance, and supplier management. Its emphasis on ensuring compliance with various regulations and offering insightful data analytics further strengthens its appeal to businesses looking to streamline their AP processes and make informed decisions. However, the platform's integration challenges, potential cost prohibitive nature for small businesses or startups, and inherent complexity might deter some users. Unique to Tipalti are its comprehensive features such as global payment automation, automated supplier onboarding, global payment processing and reconciliation, advanced tax compliance solutions in over 200 countries, and robust supplier analytics, making it a powerful tool for businesses aiming to optimize their payments and supplier management processes.

What we like:

  • Automated AP process: Tipalti automates the entire accounts payable process, from invoice processing to payments, compliance and supplier management, which helps to reduce errors, increase efficiency and save time.
  • Compliance: The platform ensures compliance with various regulations and tax laws by automating compliance checks and providing real-time visibility into compliance status.
  • Data analytics: The platform provides data analytics, which allows businesses to gain insights into their AP process and make data-driven decisions to improve it.

What we don't like:

  • Integration: Integrating the software with existing systems and processes can be a challenge and may require technical skills.
  • Cost: Tipalti may be costly for small businesses or start-ups, because of the complexity of the platform and the amount of data it can handle.
  • Complexity: The platform is quite complex, with a lot of features, functionalities and integrations. It may take a while to get used to it and learn how to use it effectively.

Unique product features:

  • Tipalti offers global payment automation, allowing businesses to streamline the entire payment process, from vendor onboarding to payment reconciliation.
  • Automated Supplier Onboarding: Tipalti’s supplier onboarding and identity verification tools reduce time and effort required to onboard and manage suppliers.
  • Automated Global Payment Processing: Tipalti’s global payment processing and reconciliation capabilities enable efficient and accurate payment processing.
  • Tax Compliance Solutions: Tipalti’s tax compliance solutions help companies manage withholding tax compliance in more than 200 countries.
  • Robust Supplier Analytics: Tipalti’s supplier analytics provide insights on supplier spend, payment trends, and supplier behavior.
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Tipalti User Feedback & Reviews

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Frequently Asked Questions

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Platform reviewed by

Author Headshot of Nick Cotter
Nick Cotter
Founder & CEO, Growann
April 8, 2024
Nick transforms the B2B partner marketing world with over seven years of innovation, spearheading collaborations with tech giants and creating Growann to fill the industry's knowledge gap with groundbreaking insights.