Tipalti Reviews: What is it? | Features | Pricing (2024)

Mike Renaldi

28.08.23

7 minute read

Managing money can be difficult, especially for global deals. Tipalti offers tools to make these tasks easier. It takes care of things like bill management and global tax rules.

This article gives a detailed review of Tipalti, overviewing its features, user feedback, and costs. It also talks about Wise Business, a global business account that could help you save on while sending and receiving international payments.

Looking for a low-cost way to make or receive payments?

Send money with Wise >>

Wise Trustpilot: Excellent - 195,000+ reviews¹
Over 300k+ businesses customers use Wise globally

Table of Contents
What is Tipalti? What Does Tipalti Offer? Is Tipalti legit? Tipalti Pricing Tipalti Reviews Tipalti Pros and Cons Based on Customer Reviews Tipalti Features Wise Business: An Alternative for International Transactions

What is Tipalti?

To simplify and streamline various financial processes for businesses. The company positions itself as a one-stop solution that automates the end-to-end payables process, global partner payments, and procurement tasks.³

What Does Tipalti Offer?

Tipalti has many features that make work easier. It helps with onboarding suppliers and making quick approvals. It also gets rid of manual invoice entry and makes fast global payments. It can pay in local currencies in 190 countries.

It also helps with global tax rules and PO matching, and supports many entities. It can scan invoices with OCR. It also manages employee expenses, offers virtual cards, and makes instant reconciliations with ERP.

Companies like Noom, Skillshare, Amazon Twitch, Canva, Roblox, and GoDaddy use Tipalti.² It helps them have clear control over their expenses.

Tipalti says that businesses can reduce their manual work by up to 80%.³ They can also speed up financial close by 25% and decrease payment errors by 66%.⁵

Is Tipalti legit?

Yes, Tipalti is a legitimate and safe financial automation platform. Evaluating the legitimacy of a financial platform like Tipalti involves an examination of its history, user base, transaction volume, backing from reputable financial institutions, the reliability of its mobile application, and customer reviews. Let’s get into those and find out the answer to this question – is Tipalti safe?

A Decade of Operational Excellence

Established in 2010, Tipalti has spent over a decade earning the trust of businesses worldwide, laying a solid foundation of legitimacy and reliability.

Impressive User Base and Transaction Volume

Tipalti has amassed over 3,000 global mid-market companies as loyal users. With $43 billion worth of transactions handled in 2022 alone, the platform proves its capacity to securely manage large volumes of financial operations.

See the Best Banks for Small Businesses >>

Backing from Renowned Investors

Investments from prominent financial institutions like JP Morgan Chase and Hercules Capital speak volumes about the credibility of Tipalti. These industry heavyweights wouldn't back a platform unless it had significant potential and met its rigorous standards.

Reliable and Accessible Tipalti App

The Tipalti app is a testament to the platform's commitment to accessibility and reliability. It extends the platform's functions to users on the go, ensuring financial automation is always at their fingertips.

Positive User Reviews

Last but not least, user satisfaction is often the best measure of a platform's worth. Most reviews on websites like G2, Capterra, TrustRadius, and GetApp commend Tipalti, indicating high levels of user satisfaction and effectiveness.

These factors combine to reinforce Tipalti’s legitimacy in the financial operations realm.

Looking for the Tipalti Alternative? Try Wise Business

Some features Wise Business users love
Receive Payments like a local: Businesses can pay a one-time fee for accounts details in global currencies, such as USD, EUR, GBP, CAD, so they can receive money without any additional fees
Send payments at low cost: Wise Business is doing its best to lower the costs of doing business. With the mid-market exchange rate, you can send money overseas with Wise and avoid hidden fees.
Account Software Integration: QuickBooks, Xero, Sage, and Wave
Payroll and batch payment tools: Pay up to 1,000 invoice in one instance
The International Account: Hold and make payments in 40+ currencies
Transparency: Wise Business is trying to get rid of all your business account fees

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Tipalti Pricing

Tipalti's pricing model is designed to scale your growth flexibly.⁵

Starting at $149 monthly for the platform fee, you can get a cost-effective solution that meets your current needs.⁵ As your business expands and requires more advanced features such as W-8 tax forms, international tax IDs, or multi-entity payables, Tipalti can easily accommodate them.

Plus, you can upgrade seamlessly to access higher capabilities without disruption. Tipalti also offers custom quotes for tailored solutions for businesses with unique requirements that fit perfectly with your industry and ERP system.

Get started at a lower cost with Wise

Wise Business is focused on giving your business the ability to operate internationally without all the extra fees. Register without an extra fee today. If you want to receive money, it would be a one-time fee before getting your funds into your account at no extra.

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Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information.

Tipalti Reviews

Tipalti Reviews
G2	4.5 / 5 (158 reviews)
TrustRadius	8 / 10 (112 reviews)
GetApp	4.7 / 5 (124 reviews)
Software Advice	4. 7 / 5 (124 reviews)
Capterra	4.7 / 5 (124 reviews)

Reviews give us a good look at how Tipalti works in the real world. User feedback comes from many places like G2, TrustRadius, GetApp, Software Advice, Capterra, and Trustpilot. This gives a full picture of what customers think about Tipalti software.

These views come from people working in many industries and company sizes. This can help those thinking about using Tipalti decide if it's right for them. You'll also learn about the good and bad points that current users have found with Tipalti.

Summary of Tipalti Reviews on G2

Tipalti users on G2 like its efficiency, reliability, and ease of use.⁶ They find it good for processing payroll quickly and safely. It makes payments more efficient for businesses.

Users like the easy admin and the ability to send payments worldwide. They also like how it can handle many royalty payments each month with automated tax details validation. This reduces manual work and makes the process more scalable.

Some users, however, want improvements. They want better clarity on payment processing timing and less lag on the admin portal. They also want better tax forms for non-English speakers.

Summary of Tipalti Reviews on TrustRadius

Tipalti gets high marks on TrustRadius. Users like its efficiency in managing invoices, processing global payments, and handling multiple currencies. They find the platform's automation features save time, reduce human error, and boost productivity.

Users also see room for improvement. They want the ability to batch multiple invoices for downloading. They also want faster customer support response times and faster or same-day payment processing options.⁷

Summary of Tipalti Reviews on GetApp

Tipalti gets mixed reviews on GetApp, but overall, users like it. They like its ability to handle payments in different currencies and formats across the globe. They find the platform's user-friendly interface, automation capabilities, comprehensive reporting tools, and QuickBooks Online (QBO) integration helpful.

At the same time, Tipalti customers found some shortcomings. They find Tipalti may be too expensive for smaller businesses with tight budgets. They also want more customization options and no minimum payment requirement for certain countries.⁸

Summary of Tipalti Reviews on Software Advice

Tipalti gets mostly positive reviews on Software Advice. Users like its user-friendly interface and easy tracking of payments and invoices. They also like its integration capabilities, the new ACH Debit feature, and the adaptability provided by CSV-based transaction files.

Users also recommended some areas Tipalti could improve. They want fewer occasional payment stalls, more clarity on the cause, more training and support resources, and VAT/GST functionality between Tipalti & Intacct.⁹

Summary of Tipalti Reviews on Capterra

Tipalti gets high marks on Capterra for its comprehensive payment automation capabilities. Users like the creation of unique Payee IDs, the storage of invoices and tax documents, TIN validation, banking information management, robust reporting and analytics features, and the ability to review transaction details.

Still, users also see room for improvement. They want virtual credit cards, more detail for errored payments, and better support.¹⁰

Tipalti Pros and Cons Based on Customer Reviews

Drawing from a variety of user reviews across multiple platforms, here are some of the key advantages and disadvantages of using Tipalti:

Tipalti Pros

Swift and dependable processing of payroll.
Intuitive user interface and easy-to-use administrative features.
Ability to manage international payments in various currencies and modes.
Capable of managing a large volume of royalty payments with automated tax information validation.
Comprehensive automation of payment processes.
Powerful tools for reporting and analytics.
Provides the option to create unique Payee IDs.
Seamless integration with QuickBooks Online (QBO) and other systems.

Tiplati Cons

Occasional ambiguity regarding the timing of payment processing.
Customer support can respond slowly.
Does not allow for downloading multiple invoices at once.
May be too expensive for small businesses with limited budgets.
Offers limited options for customization.
Does not support VAT or GST functionality between Tipalti and Intacct.

Tipalti Features

Let's delve into the key features that make Tipalti a robust and comprehensive solution for managing your financial operations:

Multi-Entity Management

Tipalti's Multi-Entity feature is good for companies with many parts.¹¹ It puts all Accounts Payable (AP) tasks in one place. This helps finance teams manage growth and follow rules easily. The Multi-Entity feature lets you change payment methods, tax onboarding, and more for each part of your company. It also helps manage different AP tasks and grow capabilities without needing more resources.

AP Financial Controls

Tipalti's AP Financial Controls enable you to customize data access permissions, assign signatory rights, validate suppliers before approval, and prevent fraud through electronic payments.¹² The Tipalti Detect™ risk module is a proactive network that detects potential signs of fraudulence, providing an extra layer of defence.

Global Payment API

Tipalti's Global Payment API is a forward-thinking, REST-based solution providing resource-oriented URLs and JSON-encoded formats for both requests and responses.¹³ This intuitive API offers advanced filtering capabilities for unparalleled flexibility. With standardized HTTP status codes and clear business codes, integration is as quick and simple as possible.

Secure Cloud Platform

Tipalti's Secure Cloud Platform offers a modern solution for AP automation, combining top-tier security, performance, and control.¹⁴ It provides a unified user experience, role-based security, audit logs, and continuous updates from a single codebase, ensuring your AP operations are always at the forefront of technology.

AI and Machine Learning

This includes intelligent invoice management with automatic coding, instant spend analytics with Ask Pi, optimized payables workflow, and future-ready payables intelligence, providing a more innovative approach to managing your payables.¹⁵

Tipalti Sandbox

The Tipalti Sandbox is a secure testing environment within NetSuite, designed to let users experiment with and evaluate new features without affecting their live operations.¹⁶ This feature allows users to create an exact mirror of their production setting, enabling them to modify existing tools and develop new ones without disrupting their current environment.

Key features of the Tipalti Sandbox include:

Bug fixing within existing features and customizations.
Employee training on existing or new features and practices.
Testing of SuiteApps or third-party vendors.
Pre-deployment testing of newly developed features and customizations.

Wise Business: An Alternative for International Transactions

Tipalti is a full solution for managing global payments. It has many features to make accounts payable processes easier. This is clear from Tipalti software reviews. For businesses mainly doing international transactions, however, Wise Business is a good alternative.

Instant payments
Batch payments (free with account)
No monthly fees
No minimum balance requirements
One-time fee to receive without extra charges in 9 global currencies
Customer focused: Rated Excellent on Trustpilot after 195,000+ reviews

Looking for a low-cost way to make or receive payments?

Send money with Wise >>

Wise Trustpilot: Excellent - 195,000+ reviews¹
Over 300k+ businesses customers use Wise globally

Learn More:

Stampli Reviews: Pricing, Features, Alternatives (2023)
The Best Tipalti Competitors and Alternatives (2023)

Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information.

Wise is not a bank, but a Money Services Business (MSB) provider and a smart alternative to banks.

Sources used:

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.