Tipalti Rolls Out New Supplier Payment System
California-based Tipalti, which provides enterprise-class automated pay-out services, has introduced the Supplier Portal, a new service designed to help Accounts Payable (AP) departments automate payments to any supplier, vendor, contractor or employee.
The new Supplier Portal allows companies to automate payments for raw materials, rent, utilities, office supplies, independent contractors, and employees.
Suppliers have access to a web-dashboard that asks them to select their preferred method of payment and enter any banking information associated with their chosen method. The payer can even add suppliers and their preferred mode of payment on their behalf.
The Supplier Portal also has the ability to collect necessary tax forms from the supplier.
“Accounts Payable departments can gain tremendous efficiencies by migrating their suppliers to electronic payment methods, but this typically places a significant burden on operations and IT resources,” says Chen Amit, founder and CEO of Tipalti.
“The Supplier Portal offers the AP department a simple and effortless path to full automation of supplier payments, helps migrate suppliers to electronic payments, eliminates rejected payments, and reduces workload. Using Tipalti’s cloud-based system circumvents the need for costly infrastructure changes and requires only minimal involvement by the payer’s IT department.”
Leah Rogerson, VP of Finance at next-generation technology platform PulsePoint, shares how Tipalti has improved the company’s publisher payment processes by reducing time, paperwork and the chance for errors.
“Seeing the efficiencies gained by using Tipalti for publisher payments, we are now expanding the use of the system to our traditional Accounts Payable vendor payments,” she adds.