Tipalti adds collaboration features on AP invoices
On Wednesday, June 8, global payment platform Tipalti launched Bill Talk and Bill Docs in its accounts payable automation solution to streamline invoice approvals, according to a company press release.
Buyers and approvers can now collaborate more easily and invoices are ready for audit faster, which speeds up the approval cycle, the press release said.
Bill Talk and Bill Docs allow Buyers, Accounts Payable (AP) staff, and trade approvers to “work directly with each other on the invoice by exchanging questions and comments and attaching documents in Tipalti, all without having to log in”, according to the press. Release.
“The AP process has always been the most time-consuming function in finance,” Roby Baruch, Chief Product Officer at Tipalti, said in the release. “One of the biggest pain points cited by finance teams is the chaotic back and forth of invoice approvals.
“These features are the latest example of how Tipalti is reshaping the way companies manage their financial operations by eliminating manual and time-consuming processes,” he said.
Bill Talk gives users the ability to send messages via chats with approvers, tag team members in the invoice, send emails to tagged users, and reply to tags via email without needing to connect to Tipalti.
Bill Docs, on the other hand, allows customers to upload and review invoice-related documents, access documents via Tipalti’s approval email (no login required), pin relevant documents invoices, attach documents to messages in Bill Talk, and automatically attach the body of an email.
Related: Tipalti’s valuation hits $8.3 billion after $270 million funding round
In December, Tipalti closed a Series F fundraising round that raised $270 million at a valuation of $8.3 billion. Tipalti has raised over $550 million since its inception. It will use the company to accelerate its product roadmaps and customer operations, as well as advance its global expansion plans.
The company’s valuation makes it one of the most valuable FinTech unicorns – private companies worth at least $1 billion – in the world.