The global market leader in accounts payable solutions seeks a solution that can scale to meet its growing business with a single billing and revenue management solution
Denver, October 26, 2022 /PRNewswire/ — BillingPlatform, the enterprise monetization platform for today’s innovative business models, announced today that Tipalti, the leading automated global accounts payable solution, has selected BillingPlatform as its enterprise billing solution. BillingPlatform was selected for its solution flexibility, built-in data mediation capabilities, and third-party integrations that support Tipalti’s key billing and revenue management processes.
Headquartered in San Mateo, California, Tipalti is the only global accounts payable (AP) solution that simplifies all stages of AP and payment management workflows in one holistic cloud platform. It simplifies accounts payable with complete operational, compliance and financial controls, enabling high-growth companies to scale rapidly. Tipalti’s solutions address everything from supplier onboarding and vetting to compliance, invoice processing, payments globally in a variety of methods and currencies, and payment reconciliation and reporting. Amazon, Twitch, GoDaddy, Roku, WordPress.com, ZipRecruiter and more than 2,500 other companies trust Tipalti to eliminate up to 80% of supplier workload and improve their global supplier payments business.
“As we scaled, we needed a billing solution that could not only handle our growing volume and complexity, but also integrate into key third-party solutions to complement the entire billing and revenue management process, “Say Sarah Spoia, CFO of Tipalti. “After completing a thorough assessment of the market, BillingPlatform was the best solution for our needs.”
With global customers serving multiple industries, including communications, transportation, media and entertainment, retail, finance and software, BillingPlatform is the only enterprise billing and revenue management solution on the market that enables businesses to offer currency through any type of product , from simple subscriptions to complex usage-based pricing models and everything in between. The platform’s unparalleled flexibility enables businesses to control their differentiation in the marketplace, maximize profitability, reduce operating costs and improve customer experience.
“Tipalti has seen tremendous growth over the past few years, expanding into new markets and bringing in many high-speed customers, so they needed a revenue management platform that could keep up with their growth and changing business needs,” said Dennis Wall, CEO of Billing Platform. “We are very excited to partner with Tipalti to provide them with solutions that improve operational efficiency and support their continued success.”
The news comes after BillingPlatform was named a leader in enterprise-focused subscription and usage management applications by IDC in its 2022 MarketScape and named to Constellation Research’s 2022 Smart Services Digital Monetization Shortlist™ and positioned Posted after Marketplace for Automated Revenue Management. MGI was named a leader based on independent analysis of its products, management, strategy, finances and channels. The company is also ranked No. 2,396 on the 2022 Inc. 5000, recognized as a Silver Winner in the Business Product of the Year – Financial Software category, recognized as a fast-growing company in the Deloitte Technology Fast 500™ and recognized in 2021 Named a winner in Colorado’s list of companies to watch.
about Billing Platform Company
BillingPlatform’s enterprise monetization platform gives innovative companies the freedom to effectively monetize products and services for growth and competitive differentiation. Our industry-leading cloud-based platform adapts to each unique business model and pricing structure. BillingPlatform has global customers spanning multiple industries including communications, transportation, manufacturing, banking, technology, energy, media and software, processing billions of transactions and dollars each year, enabling businesses to increase revenue, reduce costs and improve the overall customer experience . To learn more, visit billingplatform.com.
Tipalti comes from the Hebrew expression “we dealt with it”. Tipalti is the only company that handles global partner payments and accounts payable workflows for high-speed companies throughout the financial operations cycle: onboarding and managing global suppliers, implementing purchasing controls, streamlining invoice processing and approval, executing payments globally As well as reconciling accounts payable data across multiple subsidiary financial organizations. Tipalti makes accounts payable strategic through operations, compliance and financial controls, enabling high-growth companies to scale rapidly. Companies can efficiently and securely pay thousands of partners and suppliers in 196 countries in minutes. Thousands of companies including Amazon Twitch, GoDaddy, Roku, WordPress.com, and ZipRecruiter use Tipalti to reduce operational workload by 80% and speed financial close by 25%, while increasing partner visibility and strengthening financial and spending control. For more information, visit http://tipalti.com.
Source Billing Platform