Accounts Payable software

Updated: November 05, 2020

2020. Accounts payable platform Tipalti receives $150M



Tipalti, which helps businesses manage suppliers, invoices, purchase orders, tax compliance, payments and billing and other accounting services from a single cloud platform, has raised $150 million at a valuation that the company says is now over $2 billion. Tipalti describes accounts payable as “the most time-consuming function in finance”. By means of API, it integrates with a number of other accounting and tracking platforms that its customers use, including NetSuite, Sage, QuickBooks, Affise, Cake, Everflow, HitPath, LinkTrust, Paladin, Tune (HasOffers) and Vidooly, and lets companies run and track how payments are being made relative to actives within the organization, all with relatively little input from the companies themselves, essentially giving them time and other resources to focus on other areas.