Technology platform provider PulsePoint reportedly has been able to improve its publisher-payment processes using technology from Tipalti, a California-based specialist in automated payout services. The company now plans to expand the relationship now that the vendor has launched a new service designed to help accounts payable departments automate payments to any supplier, vendor, contractor or employee.
“Seeing the efficiencies gained by using Tipalti for publisher payments, we are now expanding the use of the system to our traditional accounts payable vendor payments,” Leah Rogerson, Pulsepoint vice president of finance, said in a Payment Week article. Tipalti has improved the company’s publisher payment processes by reducing time, paperwork and the chance for errors, she said.
Start-up Tipalti’s new Supplier Portal allows companies to automate payments for raw materials, rent, utilities, office supplies, independent contractors and employees, according to the news source.
A Web-dashboard asks suppliers to select their preferred method of payment and enter any banking information associated with that method. Payers also may add suppliers and their preferred payment method for them, the article notes, adding the portal also can collect tax forms from the supplier.
“Accounts Payable departments can gain tremendous efficiencies by migrating their suppliers to electronic payment methods, but this typically places a significant burden on operations and IT resources,” Chen Amit, Tipalti founder and CEO, told the publication.
The portal offers the account-payable department a simple path to full automation of supplier payments, helps migrate suppliers to electronic payments, eliminates rejected payments, and reduces workload, Amit added. “Using Tipalti’s cloud-based system circumvents the need for costly infrastructure changes and requires only minimal involvement by the payer’s IT department,” she said.
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