The Howdy Glossary

Tipalti is a cloud-based financial management software that automates accounts payable processes for businesses. It integrates with accounting systems to handle supplier onboarding, tax compliance, invoice processing, and payment disbursement while maintaining internal control. The platform provides detailed transaction records and facilitates global payments in various currencies through multiple payment methods such as ACH, wire transfers, PayPal, or checks.

Founded by Chen Amit and Oren Zeev in 2010, Tipalti was created to address the need for automated accounts payable solutions aimed at optimizing payment processes for businesses. The software streamlines various financial tasks by offering features like automated supplier onboarding and tax compliance management. By providing a comprehensive solution that enhances accuracy and efficiency in accounts payable operations, Tipalti helps businesses maintain internal controls while ensuring transparency through detailed transaction records and reporting.

Tipalti's main competitors include Bill.com, Coupa, and AvidXchange; however, it differentiates itself by integrating several key functions into one platform. This all-in-one approach not only simplifies operations but also reduces manual tasks and the risk of errors. The ability to handle global payments in multiple currencies using different payment methods further sets Tipalti apart from its competitors. Designed for businesses of various sizes and industries—especially those with international operations—Tipalti offers a versatile solution that automates accounts payable processes efficiently while helping organizations maintain compliance and optimize their financial workflows effectively.