Tipalti processes inbound invoices with OCR scanning, machine learning, and managed services. Once invoices are 100% complete and accurate, Tipalti performs a 2-Way and 3-Way PO match. With just a few clicks to approve the invoice and payment, Tipalti pays invoices in a wide range of payment methods (US ACH, wire transfer, international ACH,PayPal, paper checks, and prepaid debit card) and in 120 currencies in 190 countries. The choice of payment method is established by the vendor so they can select the most convenient or cost-effective option for them in terms of timing or fees, and everything is accurately executed in minutes. NetNow from Tipalti enables your AP department to earn revenue and your suppliers to get paid faster, without any changes to your processes or working capital.

Financial close can be an exasperating process involving correlation of bank statements and invoice details. With Tipalti, payment remittance results automatically populate NetSuite entity-specific sub-ledgers in real-time for faster, more accurate payment reconciliation and general ledger reporting, automatic supplier payment status communication, and
expedited tax reporting that accelerates financial close by 25 percent.

Remove your finance team from payment status conversations with suppliers. Tipalti automatically communicates each stage of the payment remittance status with suppliers based on their preferred communication methods. Tipalti provides ondemand visibility into payment status and payment history, while also allowing them to update their payment information. Payment status syncs over instantly so your team has easy access to this information in NetSuite with just one click.

Manual data entry for vendor data is a waste of your team’s time and causes widespread errors. Tipalti features a guided self-service web portal for suppliers to quickly register and update their contact and billing data. Tipalti’s proprietary rules
engine, driven by 26,000 global payment rules, identifies payment issues before they happen to reduce payment error rates. Tax forms (W-9, W-8 series,VAT) are collected and validated via a KPMG prescribed tax engine. At year-end, Tipalti generates 1099/1042-S tax preparation reports and calculates any necessary withholdings.

You can manage multiple subsidiaries, divisions, global business units, brands -with different AP processes and
workflows within a single Tipalti instance, with consolidated headquarter view while syncing with NetSuite entity-specific sub-ledgers in real-time ensuring faster financial close.