Tipalti Global Mass Payments for NetSuite

Tipalti Global Mass Payments for NetSuite

Tipalti, NetSuite's 2024 and 2019 SuiteApp of the Year, makes it painless for finance departments to manage their entire global mass payments process.

Confidently send fast, secure, cost-effective mass payments anywhere in the world with the Tipalti platform and API. Attract, retain, and delight your contractors, freelancers, creators, streamers, affiliates, publishers, and more with a best-in-class payment experience from onboarding to year end reporting and beyond. 

Beyond global mass payments, 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): 

1. Supplier onboarding and vetting
2. IRS & VAT validations; W-9 / W-8 / 1099 tax compliance
3. Procurement / PO management
4. Invoice collection, invoice processing, 2&3-way PO matching, and invoice approvals
5. Proactive OFAC screening
6. International supplier payments
7. Supplier communications
8. Payment reconciliation & AP reporting with NetSuite
9. Corporate card spend

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 2024 and 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 and instant payment reconciliation: Tipalti automatically syncs with NetSuite invoices, PO, and payment details, extending your ERP. 

Global Mass Payments: The solution is uniquely positioned to help companies manage and fulfill both non-invoice and invoice backed payments to partners, contractors, freelancers, etc. across the globe.