TMCnet News
Tipalti Introduces Tipalti Pi™ - Artificial Intelligence for Accounts PayableTipalti, the leading global payables automation solution, today announced Tipalti Pi™, a continuously-adaptive, integrated payables intelligence engine throughout the Tipalti platform that employs AI and machine learning to make the entire payables process smarter. This technology, which is available automatically to all Tipalti customers, proactively identifies fraud and risk, eliminates AP process errors, improves decision-making, and automates manual work. Tipalti Pi is designed to aid in a variety of ways throughout the payables process, including by:
Customer quote: "Tipalti Pi helps us reduce risk and improve our process flow throughout our payables operation. It is truly smarter payables and continues to improve with additional functionality." - Mark B. Lewis, Chief Financial Officer, Lockerdome Tipalti Pi will be available starting March 2020 at no additional cost to customers throughout the entire Tipalti platform from supplier onboarding payment validation to tax form verification, invoice processing, duplicate detection, PO matching, approval workflows, and fraud detection. For more information, visit https://tipalti.com/product/pi-payables-intelligence About Tipalti Tipalti comes from the Hebrew expression for "We handled it." Tipalti does just this by providing one comprehensive, global payables automation solution that automates manual supplier payment processes. Its customers typically wipe out 80% of their payables workload, enabling them to focus on mission-critical initiatives, while doing more with less. Tipalti helps strengthen compliance and financial controls, avoid future AP headcount requirements, accelerate the financial close by 25%, and employ best practices needed to scale. Every step in the payables process-including self-service onboarding and managing of suppliers, complying with tax, fraud and regulatory requirements, processing and approving invoices, executing global payments, and reconciliation-is fully self-contained and backed with integrated artificial intelligence and machine learning. Tipalti's commitment to being customer-first has culminated in an industry-leading 98% customer retention rate with trusted brands including Amazon Twitch, Amplitude, Roku, Zumba, Medium, Seeking Alpha, ClassPass, Toast, Automattic, Twitter (News - Alert), GoDaddy, United Language Group, Zola, Headspace, and Foursquare. Visit tipalti.com to learn more. View source version on businesswire.com: https://www.businesswire.com/news/home/20200331005080/en/ |