Payments automation software provider Tipalti has released a new series of AP capabilities.
The new early payment automation function is designed to allow finance teams to pay their suppliers earlier than their originally agreed-upon due date without negatively impacting the payer’s working capital. The early payments solution is fully integrated into Tipalti’s end-to-end AP workflow.
Also new is multi-entity support, which provides businesses with multiple subsidiaries, divisions, and global business units the capability to manage disparate accounts payable workflows.
Tipalti’s AP Hub is a new suite that centralizes all AP and supplier payments processes within one cloud-based interface. The suite encompasses supplier management and communications, invoice processing, global remittance, fraud detection and controls, tax and regulatory compliance, payment reconciliation, and now early payments and multi-entity management.
“With these innovations, the CFO can finally focus their finance talent on driving their business’ global growth and competitiveness forward,” Tipalti CEO and co-founder Chen Amit said in a statement.
