Tipalti, the leading global payables automation solution, announced that it will waive the Tipalti platform fee for one year for guilds, nonprofits, and trade groups to assist them in disbursing funds quickly to their members during the COVID-19 pandemic. Tipalti automates the entire payables workflow, from payee onboarding through to payment processing across 6 payment methods, 190 countries, and 120 currencies, payment status communications, and reporting.
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“We know that during this COVID-19 pandemic, many workers are relying heavily on guilds, associations, and trade groups for financial support, so we want to help make it easy for these organizations to pay their members in an efficient, fast, and safe manner,” said Chen Amit, CEO and Co-Founder of Tipalti.
Tipalti comes from the Hebrew expression for “We handled it.” Tipalti does just this by providing one comprehensive, global payables automation solution that automates all manual supplier payment processes. Its customers typically wipe out 80% of their payables workload, enabling them to focus on mission-critical initiatives, while doing more with less. Tipalti helps strengthen compliance and financial controls, avoid future AP headcount requirements, accelerate the financial close by 25%, and employ AP best practices.
Every step in the payables process—including self-service onboarding and managing of suppliers, complying with tax, fraud and regulatory requirements, processing and approving invoices, executing global payments, and reconciliation—is fully self-contained and backed with integrated artificial intelligence and machine learning.
