Tipalti

Pros

Tipalti integrates with Sage Intacct, cutting down duplicate input & creating efficiency. The user interface and the filtering options provide easy access to information I need. Customer support is available to assist on a multitude of problems.

Cons

As an appliance distributor, we have a lot of returns - damaged goods from vendors, recalls, and customers' changed minds. At the moment, credit memo application does not work well. I have many vendors that are paid via auto-withdrawals and credit memos are not supported.

Payment processing has been time consuming - we're figuring out what works best for our needs. I have had to resort to checks or manual ACHs through our bank often to facilitate/expedite payments.

Alternatives Considered

Reasons for Choosing Tipalti

Switched From

Reasons for Switching to Tipalti

Pros

Tipalti simplifies your payment system, clearing the information of your clients and partners and giving you the ease of executing a large number of payments in a short time.

Cons

The payment situation in some foreign currencies is sometimes difficult and varies in the charges and payment times, although we understand that this is something that is currently being worked on.

Alternatives Considered

Reasons for Switching to Tipalti

Pros

It is user friendly from a purchase requisitioner perspective

Cons

Where do I start?
- Laggy - flicking between procurement and bills is too slow - not a robust platform
- No notification to purchase order requisitioner/approvers that invoice has been received and can be receipted
- No OCR technology to read if no PO number on invoice and send back notification to supplier if PO number is missing
- SLA on payments of invoices it too long - payments need to be released quicker
- Doesn't integrate with Sage as well as expected
- Doesn't update bank details of suppliers on Sage
- No remittance to suppliers
- Updated version of bills never loads invoice image
- No audit trail of approvals on payment run, have to open procurement (time consuming as above) to ensure correct approval workflow

Pros

Tipalti has in instrumental in so many aspects of our accounting improvements. We have implemented bill approvals with keeps us compliant as well as everyone accountable for their budget. We have been able to streamline and shorten our monthly closing process thanks to Tipalti. Lastly, Tipalti cards has allowed us to enable employees the ease of a company card with fast tracking and reconciliation.

Cons

I would love for a few tweaks on the platform interface but aside from that, no major cons.

Alternatives Considered

Reasons for Switching to Tipalti

Pros

The scanning of invoices to create less manual entry

Cons

Nothing. It took minimal time to learn the ins and outs of this system. I am still learning new things and the updates are great.

Pros

I love the ease of using Tipalti and the ability to give vendors control over their accounts.

Cons

Tipalti doesn’t seem to have been created with accountants in mind. Much of the report is lacking and much of UI leaves much to be desired.

Pros

Tipalti is a global vendor payment platform that supports multiple currencies for our company as well as purchase orders. It also streamlines vendor portals where vendors can manage their bills and track payments. The software integrates with Netsuite and other ERPs. Tipalti is a scalable AP solution for medium size business and beyond and has a great approvals workflow.

Cons

The user interface for tipalti isn’t very great compared to other AP processing software. They could use an update to simplify the user experience.

Pros

The invoice upload and scan is really fast. My invoices are ready for processing not too long after I drop them for scan.

Cons

1. Every time I change a payee name, the system requires the payee to submit their passport/company registration to make changes to billing info. We get a lot of complaints from payees because they are uncomfortable sharing those documents and do not understand the need for it.
2. The session times out too fast if I'm inactive and takes me back to the log in screen.

Pros

The platform is user friendly and easy to integrate to the accounting system. This platform streamlined the P2P process at my Company, resulting in faster close and better reporting. The payment feature is awesome and allows for multicurrency payment.

Cons

I really don't have anything negative to say about Tipalti.

Pros

Quick Resolution and Support System.
Easily Comprehensible Platform.
Auto integration of Invoices.

Cons

Too many steps involved to process the invoice for payment.
Lack of active chat system.

Pros

Approval functionality for users, both in a email and in app.

Cons

Users can see and access historical bills for same vendor when approving via email. No VAT or GST functionality between Tipalti and Intacct. Not able to have attachment for credit memos sync from Tipalti to Intacct.

Pros

This tool is used to administer my affiliate payments from Clickfunnels, and it does a great job of paying me, and showing me what I have earned etc

Cons

It can be hard to navigate and login sometimes.

Pros

Cloud based, helps streaming line payment process.

Cons

Support is not as good as other tools available on the market.

Pros

What I liked the most is its ability to completely simplify my affiliate payments. Before using this platform, I had to deal with a manual and tedious process that consumed a lot of time and resources. But now, I can automate the entire process, from affiliate onboarding to currency selection to sending payments.

Cons

One of the things that I liked the least is its initial learning curve. At first, it can be a bit overwhelming to get familiar with all the features and functionality of the platform.

Pros

It has helped us automate and simplify our payments and other accounts payable process. It enabled our businesses to automate our invoice processing, payment reconciliation, and tax compliance, saving time and reducing the risk of errors, especially that we have worked with local and international companies.

Cons

It's a bit complex, might need to invest more time in training and support.

Pros

It's very user friendly, and gives you control of everything that goes on. As well is very easy to generate reports and the support team is very responsive and helpful.

Cons

There's some minimum for payments to specific countries that is kind of a limitation for the staff we have there which lead us to use other platforms. The 1099s have to be processed manually when working on the end of year filing.

Pros

I used this Software for my payment Operations.
It is very easy to use.
Wide range of accessibility.
Easy to access.
Wide range of services.
The Distrokid huge music distribution site also use Tipalti fro payment processing.
Easy to use.
Hassle free Procedure.

Cons

Sometime it take bit more time to process payment otherwise it is great option for payment processing.

Pros

Tipalti is a comprehensive software solution for automating accounts payable operations. It offers a variety of features that make it stand out from its competitors, including robust automation capabilities, streamlined payment processes, and comprehensive reporting tools.

Cons

I found that Tipalti's software could be difficult to navigate and manage, particularly for large batches of payments. The user interface was quite complex, and it could be hard to find the information you needed without an in-depth understanding of the product.

Pros

Our researchers love the lower fees compared to just PayPal payments and the variety of money transfer choices. It's dependable and our researchers get paid in a dependable manner. The ability to capture payment details and tax forms without the headache of PCI compliance has been a big help for us.

Cons

Sometimes it would be nice if more of the configuration options were available in the actual application. There are some choices and options that are not easily known unless you go back and forth with support.

Pros

Payments in different currencies
Payments all around the world
Different payment formats that the may require (ACH, wire, etc.)
1099 Handling

Cons

None that come to mind

Pros

Self-billing / invoices
Onboarding
UX
UI

Cons

Should have an option to customize reports

Alternatives Considered

Reasons for Switching to Tipalti

Pros

Invoice Processing as well in Vendor management

Cons

After doing payment Filtration on payment page for vendor.

Pros

- The product is clean, simple and easy to use, which makes the implementation easier
- There's an option to have a full dialog about the purchase with no involvement of other forms of communication
- User onboarding is fast

Cons

Would like to have more control as an admin in the system - approval flow, optional fields etc.

Pros

The product is very easy to use, and the integration was very easy (including great help from the team!).
It features a centralized and searchable vendor portal for all vendor data in an easy-to-use interface, and completes it with an automated vendor on-boarding process - which makes life super easy.
The product also allows me to easily set up standardized PR and PO processes to streamline the end-to-end procurement cycle, which is a huge help.

Cons

The feature I lacked most was automated file uploading. Currently, you have to manually upload files into the system each time.
However, I've discussed with the team and they are working on it so very hopeful!

Pros

The Tipalti team is professional, responsive to our needs and questions, and constantly seeking ways to improve our manual processes. We feel we have an invaluable partner in them as they are invested in our success as much as theirs.

Pros

It does a good job at managing a large number of payments, internationally. It's not too cluttered and it offers a few different features to help your business, like currency conversion, automated payments, and some tax compliance help.

Cons

Depending on the size of your business, this product might seem expensive or some of the features might go unused.

Pros

Tipalti is one of the most popular platforms for transacting money. More than 5,000 companies rely on it as Tipalti provides smoothly working apps.

Cons

Tipalti provides the best service to its customers except for some unavoidable errors in some apps. The resolution team actively solves such issues except for some complex problems.

Pros

-AI coding helps us save time
-Sync with our accounting system-Intacct
-Sync failure monitoring

Cons

-Needs to add lines one by one, for some bills with different department, not very efficient

Pros

its ability to streamline global payment processes and simplify accounts payable workflows

Cons

Tipalti's pricing structure is better suited for mid-sized to large enterprises, making it less accessible or cost-effective for small businesses and startups.

Pros

Tipalti accounting software comes with freedom to work across all devices and provides complete financial solutions for all sizes of businesses.

Cons

AP automation features are sluggish and very unreliable.

Pros

I love using Tipalti, it has effectively replaced an army of AP clerks into an automated tool, its easy to use has great features and provides all round controls on AP

Cons

The Sync errors are a at times difficult to understand

Pros

The number of payment Methods Available in tipalti is a lot, We are able to serve customers worldwide after our co-operation with tipalti

Cons

Offcourse their Charges are way high compared to normal companies but yes worth it.

Pros

It has made payment processing easy and the software has been great in handling accounts payable

Cons

Tipalti has been smooth, and no issues.

Pros

I loved that Tipalti made it easier to receive payments from my distributor while protecting my personal information.

Cons

Using their party payment methods isn't typically something that I am find of, however Tipalti made it simple and fast, which made it less of an issue.

Pros

The fast pace in which they let me know I'm getting paid and when I'm able to see it in my bank account.

Cons

Nothing at all, since dealing with them I've never had any delays whatsoever.

Pros

Submits payment and invoice extremely fast, keeps accurate information on invoice

Cons

Has a hard time processing payment, has a hard time storing large information

Pros

Tipalti allows me to receive my payments once they are sent by the payer really quickly. It has affordable fees compared to other platforms.

Cons

Sometimes the transactions are processed immediately, and some other times it takes a couple of business days even if it is a recurring payment from the same sender and receiver.

Pros

I do much like the intercompany functionality

Cons

I don't like the User interface system at all

Pros

Nothing at all. The payment processing is inconsistent and slow.

Cons

The slow payments. I was close to losing my place of living because the payments were so slow.

Pros

I like it because it allows me to easily use the functions, which by the way are extraordinary and this saves me a lot of time. There are other programs that although they are a little more economical, they are a lot of work when you start using them. Therefore, the best thing is undoubtedly the ease with which you can start using it in the company.

Cons

The weakest point is the support, but it is something that can be solved. On more than one occasion I had problems communicating with the support team and they were not pleasant experiences.

Pros

When I first signed up to use Tipalti as an affiliate marketer, I was hesitant. I've used other payment processors before, and they've all been a bit of a pain. But Tipalti surprised me.For one thing, the sign-up process was incredibly easy. It literally took me 3-5 minutes. And the interface is so intuitive that I didn't even need to read the instructions.But what really blew me away was how quickly and accurately my payments were processed. I was used to waiting weeks or even months to get paid by other processors. But with Tipalti, I received my payment right on time!Overall, I'm really happy with Tipalti. It's the easiest and most efficient payment processor I've ever used.

Cons

Surprisingly, it was a simple process that went smoothly.

Pros

I do not like anything about Tipalti. That's it.

Cons

From persistent login issues, to its poor UI, the experience of using Tipalti has been incredibly frustrating and I resent having been forced to use it by some of the companies who pay me. I think any alternative in this space is superior.

Pros

Simple to use and a wealth of functionality.

Cons

Cost. It can be expensive for an SMB and a lot of the functionality isn't used.

Pros

One of the things I liked most about Tipalti was its comprehensive payment automation capabilities. The platform offered a streamlined and efficient way to manage and process payments to suppliers, partners, and affiliates. The automated workflows and approval processes significantly reduced manual efforts and improved accuracy. The integration with different payment methods and currencies made international payments seamless. Additionally, the robust reporting and analytics features provided valuable insights into payment data and financial operations.

Cons

While Tipalti had many useful features, one aspect I liked least was the complexity of the initial setup and configuration. The onboarding process required a significant amount of time and effort to properly integrate the platform with existing systems and workflows. Additionally, some customization options were limited, and certain specific requirements had to be addressed through workarounds. It would have been beneficial to have more flexibility in tailoring the platform to align with unique business needs.

Pros

Tipalti is an all-in-one global payments solution that simplifies the process of paying suppliers and vendors across the world. Its automated system reduces manual work and errors, allowing businesses to easily manage tax compliance, payment regulations, and currency conversions. Additionally, Tipalti provides a comprehensive dashboard that enables users to track payments, review transaction details, and generate reports, making it easy to stay on top of finances.

Cons

While Tipalti offers a robust set of features, it can be complex and overwhelming to set up and navigate. Users may require significant training and support to utilize all of the platform's capabilities, and the setup process can be time-consuming. Additionally, the pricing structure of Tipalti may be prohibitively expensive for smaller businesses with lower transaction volumes.

Pros

What I have liked the most is its ability to automate and simplify my affiliate payments. With this platform the entire process has become much more efficient and effortless. I love how I can easily integrate my existing affiliate system like LinkTrust or HasOffers and seamlessly sync payments.

Cons

The initial time it takes to set up and get familiar with the platform being a complete solution for affiliate payments, it can take some time to understand all the functionalities and features available.

Pros

One positive thing is that it provides a holistic cloud platform that greatly simplifies and automates complex provider payment operations.

Cons

It has some limitations regarding the customization of the platform and the workflows, for this reason you may find restrictions when adapting it to some specific needs.

Pros

Tipalti makes it easy to manage and track payments, and helps us automate the entire payment process. We like that the platform uses advanced encryption technology to secure payment data and protect customer information.

Cons

They offer limited customer service and support, which can be frustrating for users who need help with their payments.

Pros

This platform works to automate accounts, especially accounts payable, use it to issue and track invoices and it gave a good result, saves a lot of time needed to manage payments to suppliers, is also useful in preparing the tax form and in transfers and settlement of payments and others.

Cons

It is really a good program that is almost devoid of cons, but sometimes there are problems with the integration with the bank account. Also, errors may occur with the use of e-mail.

Pros

With Tipalti, it's simple to view the status of payments and invoices right away. Time and money are saved by having a single payment run for both domestic and international payments. Having a 100% paperless payables procedure is wonderful. The software handles processing invoices and paying vendors with relative ease when used independently.

Cons

One of my issues is that it is impossible to alert the authorizer that an approval claim has been made but been refused. If invoices could be included in a pending payment order, customers could readily track the status. The cost is not cheap. The implementation process takes some time. But once you board, the journey is incredible.