Startup Check-In

Tipalti: Helping CFOs Go With The (Cash) Flow

Managing any company’s books can be quite complicated. Depending on the size of the organization, it can be daunting. Further adding to that complexity is the fact that enterprises today operate on the global stage since eCommerce makes it easier than ever to sell across borders. That can make managing cash flow from concept to payments a headache.

To ease that pain, payments company Tipalti launched the AP Hub, a platform. CMO Rob Israch describes the AP Hub as a central place where every aspect of payments is brought into one central cloud-based location. Israch said that tasks as far ranging as supplier management, invoice processing and regulatory compliance can be managed through Tiaplti’s AP Hub.

Making early payments is something that suppliers and vendors alike see as a benefit and is one of the main features built into the AP Hub, Israch told PYMNTS. The AP Hub’s multi-entity offering splits headquarters and individual sub-entities’ preferences, allowing for the team at HQ to control the finance side and sub-entities to determine brand preferences, including the types of currencies used and workflow capabilities.

Israch said the advantage to these new offerings is it encompasses one holistic system for all parties to manage finances throughout the payment life cycle, as well as helping to manage fraud and audit risks.

“Tipalti’s vision is to free the finance and payments team from the minutiae and complexity and risk involved in today’s accounts payable and supplier payments workflow,” Israch said. “Whether it’s cross-border payments, tax compliance, supplier onboarding, invoice processing, we look at the entire end-to-end accounts payable workflow and we automate it all, including execution of payments in the U.S. and overseas.”

Israch said the AP Hub is designed to further streamline the finance operations of its existing clients, including Twitter, Vimeo, GoDaddy, Go Pro, Roku and Amazon.

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NEW PYMNTS DATA: HOW WE SHOP – SEPTEMBER 2020 

The How We Shop Report, a PYMNTS collaboration with PayPal, aims to understand how consumers of all ages and incomes are shifting to shopping and paying online in the midst of the COVID-19 pandemic. Our research builds on a series of studies conducted since March, surveying more than 16,000 consumers on how their shopping habits and payments preferences are changing as the crisis continues. This report focuses on our latest survey of 2,163 respondents and examines how their increased appetite for online commerce and digital touchless methods, such as QR codes, contactless cards and digital wallets, is poised to shape the post-pandemic economy.

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