Tipalti Expenses Review (UK - 2024)

Tipalti’s services for UK businesses include accounts payable, mass payments, procurement, and, now, Tipalti expenses. Tipalti expenses launched in Q3, 2023, and offers simple and employee friendly ways to manage expenses and streamline workflow. This guide covers how it works, and also touches on Tipalti expenses pricing to help you decide if it's right for you.

If you’re looking for low cost ways to manage expenses across multiple currencies you may also be interested in Wise Business, which offers multi-currency account and card services which have low fees, no ongoing costs and easy ways to manage expenses for you and your team.

💡 Learn more about Wise Business

Can you manage expenses with Tipalti?

Yes, you can streamline your expense processes with Tipalti's product for managing employee expenses. This is an end to end service which lets you review, approve, reconcile and reimburse employee spending, including spending with the Tipalti card.

Some of the features of Tipalti expenses include:

• Reconcile card spending regardless of the card issuer - can be used with the Tipalti card, or with other cards on Mastercard, Visa and American Express
• Reimburse employees around the world, with payments to 196
countries in 120 currencies with support for 50+ global payment methods
• Allow employees to photograph expenses and upload receipts to the Tipalti app with ease
• Employee tools to see reimbursement status through the Tipalti app
• Integrations with accounting software,
including QuickBooks, Xero, and NetSuite, to speed up monthly closure of accounts
• Set and manage employee spending limits by individual and role type
• Review compliance and get real time views of any policy violations
• Capture information required for tax reporting of allowable expenses

Used alongside its other accounting products, Tipalti expenses allows your finance team to focus more on the work that matters, cutting out admin and streamlining manual processes wherever possible.

Tipalti expenses - how does it work?

The Tipalti expense feature is marketed as an add-on product to use alongside other Tipalti products such as their popular accounting tools. In most cases, Tipalti’s packages are built to fit specific customer needs, so you will be able to talk through your business requirements in person with a member of the sales team to learn more about how the products might fit. You can then also get a demo and support in onboarding if you do decide to move to a Tipalti product.

In general, Tipalti expenses is designed to make life easier for the employee, finance team and the business owner.

Employes can download the Tipalti app on Apple and Android phones, to snap expense receipts and submit instant claims. Processing can be set up to be automatic which speeds payments, improving employee morale.

Finance teams can use the product to reduce human error and check for non-compliance with policies easily. You can set employee expense policies, automate expense coding and reconcile accounts with less manual intervention needed, saving time and making the process run more smoothly.

Finally, as a business owner you might benefit from Tipalti expenses through having a more engaged workforce, and by allowing your finance team to focus on more value adding activities.

Tipalti expenses pricing

Tipalti offers a range of product packages, which you can add expense management tools to. Almost all of the options are custom packages which means you can work with the Tipalti team to put together the features you need, before coming up with a pricing quote.

Key options available include¹:

• Accounts payable packages - Starter, at 99 GBP/month, and custom packages Premium and elite
• Mass payment packages - all designed as custom packages, called Accelerate and Plus

You’ll be able to build up the package you need including either (or both) accounts payable and mass payments, and then add in the expense features you need. To learn more about Tipalti expenses pricing, and to get a demo of the product, you can complete a quotation request online or start a chat with the Tipalti sales team online.

FAQs - Tipalti expenses

Is Tipalti expenses safe?

Tipalti and the Tipalti expense tools are considered safe to use. Tipalti is authorised in the UK by the FCA², making it a legit business which has to follow extensive rules to keep customers and their accounts safe.

What are the benefits of Tipalti expenses?

Using an expense management system like the one from Tipalti has a few key benefits. It streamlines and automates expense processes, and allows employees to upload receipts in real time. Using an automated system reduces the room for human error and also can make it faster to reimburse employees, improving satisfaction with the system.

Does Tipalti offer expense cards?

Yes. Tipalti offers the Tipalti Card which is integrated into the Tipalti expense management system, allowing employees to easily manage their cards and their reimbursable expenses all in one place. The Tipalti Card can be used to manage employee spending, and for automatic transaction coding.

If you’re looking to compare the Tipalti Card with an alternative for employee expenses, check out the Wise Business expense cards. Issue Wise cards to employees, manage and review spending, get cash back on spend, and get the mid-market exchange rate when spending abroad.

Get started with Wise Business 🚀

What accounting tools integrate with Tipalti expenses?

Tipalti Expenses integrates with most accounting software,
including QuickBooks, Xero, and NetSuite. Book a product demo with Tipalti to learn more.

How to upload receipts to Tipalti expenses?

With Tipalti expenses, employees can take a photo or scan the receipts needed to reclaim reimbursable expenses, and upload the image to the Tipalti app. This means you can reclaim your expenses with just your phone, allowing for instant and real time expense reporting and faster reconciliation.

Wise Business expense cards: international expenses made easy

If your business operates internationally and your employees are regularly spending time abroad for work, Wise Business expense cards could be the ideal solution.

These contactless international debit cards work for spending and cash withdrawals in 150+ countries worldwide, with no foreign transaction fees or subscription fees.

Whenever someone spends or withdraws cash overseas, the currency is converted at the mid-market exchange rate, with just a small conversion fee to pay.

There’s also 0.5% cashback paid on all eligible spending.

Once you have a Wise Business account, you can order unlimited expense cards for just a one-off fee of £3 a card. You can add employees to your account, with controlled access - and you get full control over spending their limits.

What’s more, it’s easy to integrate Wise with your accounting tools, and your accountant can view team spending for smarter collaboration.

Get started with Wise Business 🚀

Use this guide to decide if Tipalti expenses might suit your business. Compare the solutions available with alternatives like Wise Business, which also offers expense cards for you and your team, then set and manage spending limits and user permissions, and upload receipts easily to cut out admin and cost.

Source used in this article:

Source last checked October 23, 2024