Tipalti Invoice & Accounts Payable Automation for NetSuite
Tipalti, NetSuite’s 2019 SuiteApp of the Year, makes it painless for finance departments to manage their entire suppliers and invoice management process by streamlining:
- Supplier onboarding and vetting
- IRS & VAT validations; W-9 / W-8 / 1099 tax compliance
- Procurement / PO management
- Invoice collection, invoice processing, 2&3-way PO matching, and invoice approvals
- Proactive OFAC screening
- International supplier payments
- Supplier communications
- Payment reconciliation & AP reporting with NetSuite
- Corporate card spend
Beyond invoice management, Tipalti can streamline the entire AP process – from supplier onboarding and vetting, to international payment execution, supply chain financing, through to payment reconciliation and AP reporting (including multi-subsidiary companies).
Key Benefits
Eliminate 80% of AP workload and avoid additional hiring
As you add more invoices, payments, global suppliers, subsidiaries, costs, and audit controls, automate your payables process so you can easily and rapidly manage the changing needs without requiring more resources. Your AP & finance teams can free up their valuable time and focus on strategic initiatives.
Reduce tax, regulatory, and financial control risk with our KPMG-Approved Tax Engine
Collect and validate IRS, VAT tax IDs, W-9, W-8BEN, VAT Details, 1099 & 1042-S reports, and calculate withholdings. Ensure compliance with digitized tax form collection, which includes built-in audit logs, automatic validation against 3,000+ rules, OFAC (& other) sanctions screenings before every payment, signatory rights, and robust workflow approvals.
Supplier Self-Service
Tipalti features a guided self-service web portal available in 27 languages for suppliers to register and update their contact and billing data quickly. Tipalti’s proprietary rules engine, driven by 26,000 global payment rules, identifies payment issues before they happen to reduce payment error rates by 66%. Suppliers can view the invoice, payment statuses, and history, saving your finance team time managing supplier communications.
Accelerate financial close by 25%+
Automatically reconcile payments into NetSuite/NetSuite OneWorld, including syncing with entity-specific sub-ledgers, which enables real-time cash flow and spend visibility while streamlining payment reconciliation across entities, geographies, currencies, payment methods, and workflows.
Customer Quote
That process is seamless. I can do it all in Tipalti and automatically know it’s back in NetSuite. Our CFO is a lot happier and gets his financials quicker. Plus, the data is accurate, and he can approve everything easily.
– Cherith Aasen, Financial System Administrator, RealWear
NetSuite + Tipalti Highlights
“Built for NetSuite” Verified
Integrates with NetSuite and NetSuite OneWorld.
NetSuite 2019 SuiteApp of the Year
Tipalti’s global payables automation solution delivers significant benefits to NetSuite’s international customer base, making it a well-deserved choice for the award.
Multi-subsidiary support
Manage subsidiaries with different AP processes and workflows and still see a consolidated view by having different brandings, payment methods, tax flows, communications, reconciliation, and reporting in one solution.
Synced statuses & instant payment reconciliation
Tipalti automatically syncs with NetSuite invoices, PO, and payment details, extending your ERP
Global Partner Payments
The solution is uniquely positioned to help companies manage & fulfill both non-invoice & invoice backed payments to partners, contractors, freelancers, etc., across the globe.