Tipalti Expands to the UK To Automate European Businesses’ Accounts Payable Process

Tipalti Expands to the UK To Automate European Businesses’ Accounts Payable Process

The unicorn , valued at $2billion+, launches in the market following 83% YoY growth in North America. It estimates to invest £100million over a five year period, marking a key milestone in its international expansion. Tipalti helps high-velocity businesses eradicate manual payables processes – the most time-consuming function in the finance department – and has more than 1,500 customers including Amazon Twitch , National Geographic , Business Insider , Farmdrop , Hopin , Cazoo and Time Out . Tipalti’s cloud-based solution has been fully localised for the UK – helping high-growth businesses streamline AP processes and execute global payments. Its end-to-end AP offering addresses the entire workflow, including supplier management, VAT compliance, procurement, invoice management, PO matching, self-billing, global payments, payment reconciliation and more. Its FCA-approved e-money licence gives businesses the ability to manage domestic and cross-border payments, and FX conversion within the holistic payables platform. As UK businesses continue to grapple with the challenges brought about by the pandemic and Brexit, Tipalti launches at a critical time to allow finance teams to step away from manual financial operations, and focus on strategic initiatives to help businesses survive and thrive. New research from Tipalti supports this – revealing UK CFOs