Can accounts payable automation improve supplier relationships?

Accounts payable (AP) automation can significantly improve supplier relationships in a variety of ways, such as: Reduced Errors User-friendly automation tools minimize errors, ensuring suppliers receive the correct payments promptly. This accuracy helps to avoid disputes and fosters a more positive relationship with suppliers. Improved Communication AP automation systems include self-service supplier portals where vendors can check the status of payments, upload invoices, and input supplier information. Portals can also collect tax data for VAT, W-8, and W-9s. This global supplier management solution frees up the need for back-and-forth communication, reducing frustration and saving time for both parties. Timely Payments Automating AP ensures invoices are processed and paid on time. This reliability and spend management build trust with suppliers, who can rely on consistent cash flow, reducing financial uncertainties. Early Payment Discounts Streamlined supplier relationship management can also lead to early payment discounts. These discounts create cost savings, demonstrate a commitment to supporting suppliers, and strengthen relationships with your supplier base. Faster Dispute Resolution When issues or challenges arise, AP automation and vendor management software help track and resolve disputes more efficiently. Quick resolutions help maintain confidence and reduce supplier risk. Better Data Management Cloud-based AP automation software provides better functionality for supplier information management. Dashboards provide valuable insights into supplier performance management, KPIs, spend patterns, contract management, payment histories, financial metrics, risk assessments, and more. This master data can help stakeholders negotiate better terms, stay proactive, facilitate the onboarding process, strengthen the supply chain, and make more informed decisions. Enhanced Collaboration Automation will streamline and improve the entire financial lifecycle, from procure to pay. This process will enhance overall collaboration, strengthen partnerships, and facilitate smarter sourcing.

What are the benefits of self-service supplier management?

Self-service supplier management offers myriad benefits that enhance accuracy, improve relationships, and streamline operations. Here are some of the key advantages: Precise Data Accuracy When new suppliers manage their own onboarding process, the likelihood of data entry mistakes decreases. Suppliers are vested in ensuring their data and all information are accurate. Real-Time Access from Anywhere Vendors can access a self-service portal at any time, from anywhere. They can check on invoice status, payments, and orders in one place. Better Supplier Relationships Companies can build stronger, more collaborative relationships by providing suppliers with tools and templates to manage their own data. Vendors will always appreciate the transparency, quality management, and attention to detail. Their autonomy will lead to increased trust and satisfaction. Improved Reporting and Analytics Self-service supplier portals often come with built-in tools for reporting and analytics. These solutions provide valuable insights into supplier scorecards, transaction histories, and spend patterns, helping companies make informed decisions, increase sustainability, and optimize their supply chain. Greater Compliance and Security A self-service portal and supplier management system often include features that ensure compliance with industry standards and regulations. Additionally, these finance modules provide secure environments for suppliers to submit sensitive information, reducing the risk of data breaches. Additional Benefits Increased efficiency and less workload Improved communication and collaboration Faster dispute resolutions Significant cost and labor savings Easily scale to accommodate more suppliers

How does Tipalti sync supplier data with the ERP and accounting system?

Tipalti offers innovative integration capabilities to sync supplier data with ERP (Enterprise Resource Planning) and accounting platforms. Here’s how: APIs: The system uses APIs to enable seamless data exchange with ERP/accounting systems. Pre-built connectors: Tipalti offers pre-built integrations with like NetSuite, QuickBooks, Xero, Microsoft Dynamics ERPs, Acumatica, and more. Custom integrations: For companies with unique requirements, it supports custom integrations. Real-time sync: Real-time synchronization capabilities ensure both systems are always accurate. Tipalti syncs supplier data with ERP and accounting systems through robust integrations. The system ensures accurate, up-to-date, and compliant data across all platforms.

What benefits does self-service supplier onboarding bring to your AP automation process?

Self-service supplier onboarding offers advantages that enhance the AP automation process. Self-service onboarding optimizes operations, improves accuracy, and fosters better supplier relationships. Here are some key benefits: Faster Onboarding Self-onboarding accelerates the process. Vendors can complete their profiles, upload necessary documents, and submit details at their convenience. Real-Time Updates Suppliers can easily update their data in real time through the self-service portal. This process guarantees that any changes, like banking details or pricing updates, are immediately reflected in the system, reducing the chances of payment delays or errors. Stronger Compliance Self-service supplier onboarding platforms often include built-in compliance checks. This form of automation ensures suppliers provide all required information, like tax ID numbers, certifications, and banking details. These self-service portals help to maintain compliance with regulatory requirements and reduce the risk of fines or legal issues. Healthier Supplier Relationships Empowering suppliers to drive their own onboarding experience demonstrates a commitment to transparency and efficiency. Self-service onboarding improves satisfaction and fosters stronger relationships, as suppliers appreciate the autonomy and convenience of self-service options. Additional Benefits Improved data accuracy and reduced risks Increased efficiency and strategic planning Fewer administrative costs and less data entry Streamlined communication with direct interactions

How many languages does Tipalti Supplier Hub support?

The Tipalti Supplier Hub supports over 27 languages. This extensive multilingual support facilitates global supplier communication in their preferred language, enhancing the user experience, ensuring accurate data entry, and streamlining communication. Multi-lingual support is particularly beneficial for companies that operate internationally and work with suppliers from various regions.

Self-Service Supplier Management Software

Spend less time on supply chain management and more time growing your business with our robust vendor management software.

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Supplier Management Features

Supplier Management Simplified

No more back and forth—suppliers manage their own details. Our user-friendly self-service feature allows suppliers to customize their own payment preferences. At the same time, it reduces payment errors, identifying opportunities for cost reduction, and streamlining supplier management processes.

Brands Take Centre Stage

Simplify supplier onboarding using our hub, which you can host on Tipalti or securely embed into your website.

Our supplier hub tailors to your brand’s look and feel
Stop duplicate registrations with a clean supplier database for easier supplier information management.

The Freedom to Choose Payment Methods

Build stronger relationships with suppliers by allowing them to choose their preferred payment method, currency, and payment threshold.

You get visibility into all transaction fees
Ensure compliance with taxes and regulations
Multilingual, with support for 27 languages

Reduce Errors and Audit Risk

Driven by 26,000 global rules, our proprietary rules engine identifies payment issues before they happen to reduce payment error rates.

Our rules vet and validate local bank routing details, such as SWIFT and IBAN codes, screen OFAC blacklists, and more—all based on the payee’s country and payment method
Reduce payment errors by more than 66%
Built-in global payment intelligence, risk management, compliance management, and fraud prevention

One Supplier Directory, More Informed Decisions

Improve supplier lifecycle management with our supplier directory. You’ll also uncover cost savings, reduce supplier risk, and improve overall supplier relationship management.

Easily access supplier data and essential information using the smart filter
Search based on specific criteria

Vet and Submit Tax Forms Before Payment

Our tax wizard helps payees choose the right tax form while 1,000+ rules and TIN matching verify details. Get submission-ready 1099 and 1042-S reports for federal and state reporting, including withholdings.

Collect W-9/W-8 tax forms during onboarding
Verify tax details to prevent backup withholding penalties
KPMG reviewed and approved to meet IRS requirements
Non-US payers can take advantage of local tax/VAT ID collection in 60+ countries

Complete Supplier Visibility

Cut down on payment questions from suppliers. In our hub, they can get payment updates, check payment statuses, and track invoices and payment history.

Suppliers receive proactive, white-labeled payment status email updates
View of payments and invoices in real time

Optimize Supplier Data Sync

Tipalti’s pre-built API integrations sync supplier data with your ERP, giving employees, as well as finance and procurement teams, full access to all supplier details. This data easily syncs with other systems through accounts payable and procurement processes for a thorough supplier review.

Transparent, Scalable Pricing

Our flexible pricing adapts to businesses of all sizes. Pay only for what you use—no extra costs, no client-based fees. Simple, predictable, and budget-friendly.

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Platform Features

Work smarter, not harder

With AI and machine learning capabilities, an intuitive UX, and quick and easy global payments, you can drive unprecedented efficiency.

AI

Smarter processes. Instant insights. More productivity. Less manual work. Tipalti AI actually gets things done.

Global

Manage all entities’ payables operations from a single system. Enable each entity to operate with its own unique workflows and branding.

Payment Fraud Detection

Proactively prevent fraud by identifying unusual patterns. Block suspicious payees from receiving payments, prevent them from creating new accounts, and get notified of abnormal activities.

Controls and Compliance

Stay up-to-date and protected automatically, with multi-jurisdictional tax compliance, built-in payment protections, and enterprise-grade controls and security.

Integrations

Pre-Built ERP Connections to Extend Automated Workflows

Easily extend and simplify your workflows with pre-built integrations and powerful APIs for your ERPs, accounting systems, performance marketing platforms, HRIS, SSO, Slack, credit cards, and more.

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How It Works

Up and Running in Weeks, Not Months

Collaborative customer support with customized onboarding to get you operational quickly

Step 1

Plan

Kickstart your success with a comprehensive setup call to review your procurement workflow, set up SSO integrations, validate technical configurations, and prepare for training.

Step 2

Configure

Our customer onboarding experts set up your Procurement instance, configure requirements, and complete the User Acceptance Test (UAT) for all the procurement workflows.

Step 3

Deploy

In-depth training for your procurement and finance staff on the Tipalti Hub and our end-to-end procurement capabilities, ensuring thorough knowledge transfer to turbocharge your successful launch. Once set, you’ll be ready to submit your first purchase order and officially launch Tipalti Procurement.

Step 4

Adopt

Boost user adoption using change management during launch. We’ll support you with best practices and communication strategies and fine-tune the needs for optimal adoption.

Step 5

Optimize

Our Customer Success and Support teams provide dedicated support, offering you continuous technical assistance by phone and email. They’ll learn your goals and offer tailored solutions to help you achieve them.

Customer Stories