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Tipalti

www.tipalti.com link_icon

Company Market Research Report





Company Overview



Name: Tipalti Inc.

Mission: Tipalti is dedicated to modernizing and automating finance operations to help businesses streamline their processes and scale efficiently.

Founded: 2010

Founders: No information is available.

Key People:
  • Des Cahill, Chief Marketing Officer (CMO)

  • Alice Davidson, General Counsel

  • Steve Hunt, Chief Product Officer (CPO)

  • Dror Yosef, Chief Data Officer (CDO)


Headquarters: San Mateo, CA, USA

Number of Employees: Over 1,100 employees worldwide (as of 2022)

Revenue: No information is available.

What is the company known for: Tipalti is renowned for its finance automation solutions, which simplify and streamline payables operations for businesses globally.



Products



Accounts Payable


  • Description: End-to-end, global payables solution designed for growing companies.

  • Key Features:

  • Multi-language supplier portal

  • Optical Character Recognition (OCR) for invoice management

  • Automated payments


Mass Payments


  • Description: Scalable mass payment solutions for the gig, ad tech, freelance, and marketplace economies.

  • Key Features:

  • Onboarding to year-end reporting

  • Support for various types of contractors and freelancers


Procurement


  • Description: Complete control and visibility over corporate spend.

  • Key Features:

  • Reduced maverick purchases

  • Financial and compliance risk mitigation


Expenses


  • Description: Mobile-ready integrated expenses and global reimbursements.

  • Key Features:

  • Creation and submission of expense reports

  • Quick review and approval by managers




Integrations



Supported ERP and Accounting Software:


  • Oracle NetSuite

  • Sage Intacct

  • QuickBooks

  • Microsoft Dynamics

  • Xero




Solutions for Industries



Supported Industries:


  • Advertising Technology

  • Affiliate & Influencer Networks

  • Business Services

  • Ecommerce & Retail

  • Healthcare

  • Marketplaces & Gig Economy

  • Software & Technology

  • Non-profits




Services



Offered Services:


  • Money Services Business

  • Currency Management

  • FX Hedging

  • Implementation

  • Supplier Enablement Program




Resources



Available Resources:


  • Customer Stories

  • FinTalk Blog

  • FAQs

  • Guides




Recent Developments



2023


  • Customer Base Expansion: Over 4,000 global customers with 40% YoY growth.

  • Partnership Growth: Partner and Alliances Program expanded to 650 global partners with 300% YoY growth.

  • Customer Retention: Maintained a 99% customer retention and 1% annual dollar churn.

  • New Products:

  • Tipalti Expenses

  • Physical version of Tipalti Card for U.S. customers

  • Regional Expansion: Launched localized solution for the EU and UK markets, obtained an Electronic Money Institution (EMI) license from De Nederlandsche Bank.

  • Product Enhancements: Released 150+ features and improvements, including AI-powered Tipalti Auto Coding and Ask Tipalti AI.

  • Leadership Appointments:

  • Des Cahill, CMO

  • Alice Davidson, General Counsel

  • Steve Hunt, CPO

  • Dror Yosef, CDO

  • Awards:

  • Featured on the Inc. 5000 and Deloitte Fast 500 lists for the sixth consecutive year

  • Included in CNBC’s inaugural “World’s Top Fintech Companies” list

  • Recognized as a SaaS Awards finalist, Gold Winner of the Merit Awards for Technology, and Gold Globee Winner for the Globee Awards for American Business

  • Named to Spend Matters “50 to Know” list for the fourth consecutive year

  • Recognized in CRN’s Partner Program Guide for the second year in a row


2022


  • Customer Base Expansion: Over 2,500 global customers.

  • Employee Growth: Over 1,100 employees worldwide.

  • Customer Retention: Maintained 99% gross annual customer retention.

  • New Products:

  • Tipalti Card, a virtual card solution.

  • Regional Expansion:

  • New office in Amsterdam, Netherlands.

  • Expanded footprint in North America with new offices in Plano, TX and Toronto, Canada.

  • Awards:

  • Featured on the Inc. 5000 and Deloitte Fast 500 lists.

  • Ranked #1 in AP Software by TrustRadius for two years in a row.

  • Included in Spend Matters “50 to Know” list for the third year.

  • Recognized by Midsize Enterprise Services (MES) “MES Matters: Key Vendors Serving the Midmarket”.


2021


  • Financial Milestones:

  • Surpassed $36B in annual transactions.

  • Received $250M in funding, resulting in an $8.3B valuation.

  • Acquired Approve.com to add Procurement solution.

  • Regional Expansion: Launched in the United Kingdom.

  • Awards:

  • 2021 TrustRadius’ Best of Finance Software for Accounts Payable.

  • Over 700 employees.

  • 2021 Fortune Best Workplaces in the Bay Area award.




Key Benefits of Tipalti



  • 80% Reduction in manual workload.

  • 25% Faster financial close.

  • Capability to pay across 196 countries, in 120 currencies, and with over 50 payment methods.




Note: Strictly mentioned only the information found in the provided data.