Tipalti announced on Wednesday it is enhancing its NetSuite integration by launching a touchless invoices process. According to the fintech company, the enhanced integration allows NetSuite clients to streamline their entire end-to-end accounts payable and supplier payments workflow, from supplier onboarding and vetting to AP tax and regulatory compliance, invoice management, global suppliers, supplier payment communications, and payment reconciliation and AP financial reporting.
Chen Amit, CEO and Co-founder at Tipalti, stated:
“Tipalti is the only end-to-end platform that is able to automate the entire global supplier payments operation with the global efficiency and financial compliance that NetSuite customers demand. Any CFO that is still using manual processes and legacy banking infrastructure to manage accounts payable is severely limiting their finance organization’s ability to scale efficiently. Outdated disconnected AP processes put their company at risk of AP fraud, audit failures and tax and regulatory fines and penalties. It is time for AP to modernize so that finance can start making true strategic business impact.”
Tipalti added that the new integration provides businesses with an entirely holistic approach to AP and supplier payment management, with clients experiencing an 80% reduction in total time finance departments spend maintaining and overseeing their accounts payable and supplier payments workload.
