U.S.-based B2B fintech Tipalti announced on Friday it may now integrate with any Enterprise Resource Planning (ERP) system. Tipalti reported that notably ERP integrations now include Microsoft Dynamics 365 Business Central, Microsoft Dynamics NAV, Microsoft Dynamics GP, QuickBooks Desktop, Xero, Sage 50, Sage 100, Sage X3, Sage 300, SAP Business One, SAP Business ByDesign and Acumatica, opening up scalable, global and modern AP automation capabilities to a much larger number of high-velocity businesses.
While sharing more details about the integration, Roby Baruch, Chief Product Officer at Tipalti, stated:
“An ERP system is one of a company’s most valuable business investments and payables departments need to have an integrated philosophy that encompasses the entire end-to-end process. We’re excited to be open for integration with any ERP system, making scalable, modern payables capabilities accessible to every company.”
Founded in 2010, Tipalti claims it is the only supplier payments automation solution to streamline all phases of the AP and payment management workflow in one holistic cloud platform. The company claims:
“Tipalti is the only supplier payments automation solution to streamline all phases of the AP and payment management workflow in one holistic cloud platform. Tipalti makes it painless for accounts payable departments to manage their entire supplier payments operation. The solution addresses everything from supplier onboarding and vetting, to tax and regulatory compliance, invoice processing, payments to suppliers anywhere in the world in a wide range of payment methods and currencies, supplier payment status communications, to closing the loop with payment reconciliation and reporting.”
Last year, the company raised $150 million through its Series E funding round, led by Durable Capital Partners with participation from Greenoaks Capital and participation from current investor 01 Advisors. The investment round reportedly brought the company’s valuation to more than $2 billion. The company recently announced it has acquired Approve.com, a cloud procurement solutions provider. The acquisition will reportedly expand Tipalti’s portfolio of financial operations offerings. Tipalti previously offered ERP integrations with Oracle NetSuite, QuickBooks Online, and Sage Intacct.