Tipalti Multi-Subsidiary AP Automation and Global Payments

Tipalti Global Partner Payments & AP Automation for NetSuite

Tipalti, NetSuite's 2024 and 2019 SuiteApp of the Year, makes it painless for finance departments to manage their entire Global Partner Payments and AP operations by streamlining:

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

Key Benefits

Eliminate 80% of payables 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.

Improve partner/supplier/vendor relationships by providing a best-in-class experience. Streamlined onboarding with an easy-to-use, white-labeled system puts the power in your partner’s hands. Keeping them satisfied is the most effective way to retain and delight current partners on your platform while allowing you to attract new partners and avoid churn risk.

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

“Once Tipalti approves an invoice, it syncs over to NetSuite. Then we pay the bill on our account, which auto-syncs to NetSuite. This rapid process enables us to gain more efficiencies.”

- Andrew Jenks, Controller, LucidWorks

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 branding, 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 capabilities for faster, more accurate GL reporting, financial reconciliation, and closing of your books.

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.