[EDITOR’S NOTE: The Ardent Partners ePayables research team, recently met with Chen Amit, the co-founder and CEO of Tipalti to discuss his company’s recent integration with Intuit Quickbooks Online. Below is a brief recap of our discussion.]
Just this week, Tipalti, a global ePayables automation platform provider, has announced that its supplier payments automation solution has integrated with Intuit QuickBooks Online, a provider of financial management software, and is now available online through the QuickBooks App Store. Tipalti provides a solution that includes not only payment automation but also a robust portal for supplier onboarding, enablement, and management, in addition to invoice automation. Everything is offered in one holistic cloud platform. The company is focused on helping small to mid-size companies with 10 – 1,000 employees and revenues up to $1 billion. Tipalti provides real-time payment status and reports that will streamline reconciliation directly within QuickBooks Online.
The Integration Process
Speaking with Chen Amit, the co-founder and CEO of Tipalti last week, he explained how the formal integration to QuickBooks Online felt like a natural move for the company since so many of its customers and prospects were already using QuickBooks. In fact, many of their customers had already integrated to QuickBooks with assistance from Tipalti. QuickBooks performed a technology, security, and market review with Tipalti for the integration. These were three distinct processes so that Tipalti could get their solution published on the QuickBooks App Store, Amit explained. The pre-built integration allows customers to combine QuickBooks Online and Tipalti into one integrated automated AP workflow that allows vendor, bill, and payment data to sync with the QuickBooks ERP. The integration was is designed to allow Tipalti customers to easily integrate and configure the two systems without requiring any custom development work.
Through Tipalti, QuickBooks users can now:
- Automate supplier payment operations, paying suppliers in 190 countries with a wide range of different payment methods
- Provide suppliers with a secure, online self-service portal
- Ensure supplier payment regulatory and tax compliance
- Sync suppliers, bills, payments, payment terms, fees, GL accounts, and custom fields
- Support multi-currency, multiple QB instances, and early payments, support conditional sync for suppliers and bills
- Have user permissions to control who has ability to “run” the integration
Conclusion
Tipalti’s integration with QuickBooks makes perfect sense and is a natural extension to their solution offering. The customer and prospect demographics of the two companies align extremely well. The real beneficiaries are the users of Tipalti and QuickBooks who benefit from having the integration between the two systems formalized, and more importantly, fast and easy to connect. New customers will also benefit from the simple integration process as well.
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