Tipalti, the global payables solution, recently announced Bill Talk and Bill Docs, two new enhancements to its accounts payable automation solution, which will “further modernize the invoice approval process.”
The innovations make it “effortless” for buyers and approvers “to collaborate, while improving audit readiness and accelerating approval cycle times.”
When approving invoices, it’s critical for buyers and approvers “to easily and quickly connect and work together.”
Currently, most of these dialogues are “held outside the context of the bill, leading to challenges when tracking Q&As, repeated back and forth interactions, and delays.”
The new Bill Talk and Bill Docs product innovations “allow buyers, AP staff and business approvers to work with each other directly on the bill by exchanging questions and comments and attaching documents within Tipalti, all without needing to log in.”
These updates will “save thousands of Tipalti users time and resources by simplifying these approval conversations and centralizing feedback directly on the bill.”
Roby Baruch, Chief Product Officer at Tipalti, said:
“The AP process has historically been the most time-consuming function in finance. One of the key pain points finance teams cite is the chaotic back and forth of invoice approvals. These features are the latest example of how Tipalti is reshaping how businesses manage their financial operations by eliminating manual, burdensome processes.”
Bill Talk Key Capabilities:
- Ability to message via chats with approvers
- Tag team members within the bill
- Automatically also sends an email to tagged users, so nothing gets missed
- Easily reply to tags via email without the need to log into Tipalti
Bill Docs Key Capabilities:
- Upload and review bill-related documents
- Easily access documents via Tipalti’s approval email (no login required)
- Easily pin relevant documents to bills, such as a contract or receipt
- Attach documents to messages in Bill Talk
- Easily attach the body of an email automatically
On top of the latest enhancements to its accounts payable automation solution, Tipalti also announced that TrustRadius has “recognized the company with a 2022 Top Rated Award.”
As covered, Tipalti comes from the Hebrew expression for “We handled it.”
Tipalti claims it is “the only company handling both Accounts Payable and Global Partner Payments workflows for high-velocity companies across the entire financial operations cycle: onboarding and managing global suppliers, instituting procurement controls, streamlining invoice processing and approvals, executing payments around the world and reconciling payables data across a multi-subsidiary finance organization.”
Tipalti enables high-growth companies “to scale quickly by making payables strategic with operational, compliance, and financial controls.”
Companies can “efficiently and securely pay thousands of partners and vendors in 196 countries within minutes.”
Thousands of companies, “such as Amazon Twitch, GoDaddy, Roku, Wordpress.com, and ZipRecruiter use Tipalti to reduce operational workload by 80% and accelerate the financial close by 25%, while strengthening financial controls and spend visibility.”
