The Top Spendesk Alternatives In 2024

Tipalti’s unique solution spans the end-to-end payables process; supplier onboarding, PO, invoice, payment, expenses, and reconciliation. By automating inefficient steps throughout the entire payables and expenses workflow, Tipalti delivers an 80% reduction in manual workload.

Removing these manual processes, makes the entire payables process easily scalable without adding headcount, preventing bottlenecks as you grow

Today, some of the fastest-growing companies run on Tipalti, including Discord, Amazon Twitch, Cazoo, Hopin, and Therabody.

Tipalti’s global capabilities are where the solution particularly shines. The wide range of payment currencies and countries available make it the ideal choice for global businesses, whether paying suppliers, freelancers, contractors, creators, or reimbursing international employees. The ability to hold funds in a range of currencies and manage foreign exchange volatility offers further opportunities for cost saving and cost control, particularly for those dealing with large volumes of foreign currency.

With the supplier portal available in a wide range of languages, Tipalti is an ideal choice for those onboarding and paying overseas suppliers and payees. The ability for payees to manage their own onboarding and access real-time visibility into payment statuses via the portal, reduces inquiries to the finance team. Particularly those in a foreign language or out of time zone.

Furthermore, the extent to which branding and approval workflows can be customized for individual entities and business units, while maintaining powerful consolidated controls and reporting makes it the ideal solution for multi-entity businesses. 

Tipalti offers a wide range of pre-built connections to almost all ERP and accounting systems, including NetSuite, NetSuite OneWorld, Xero, Quickbooks, Sage, Microsoft Dynamics, and more.

The integration enables you to automate many of the functions of your existing ERP, extending its suitability as your business grows. Instant, automated payment reconciliation, further eliminates cumbersome manual processes and ensures you always have an up-to-date picture of performance, while accelerating financial close by up to 25%.

In addition to the extensive range of pre-built connections, Tipalti’s open REST API enables bespoke integrations no matter what your tech stack looks like. Commonly used to integrate Tipalti with performance marketing systems, enabling digital businesses to automate performance-based payments on mass, to publishers, affiliates creators, and contractors.

Adding invoice management functionality in 2022, Spendesk’s AP capabilities remain comparatively immature and don’t offer the depth and flexibility of Tipalti. However extensive expenses capabilities alongside both virtual and corporate cards make it an ideal choice if these features are at the center of your requirements.

The accounts payable functionality Spendesk does offer may suffice for low-complexity, low-growth businesses, but is likely to struggle as you scale.

While many of Tipalti’s strengths lie in its international capabilities and flexible range of payment options, Spendesk can provide a simpler spend management platform for businesses with less global needs. 

GBP and Euro payments can be made directly from your Spendesk wallet, whereas additional currency payments require a CSV or XML SEPA file export uploaded to your bank portal. This adds manual steps to the payment process and ultimately creates a bottleneck for those with large volumes of non-GBP or Euro payments.

A lack of PayPal payments may be limiting for those working within digital economies, where PayPal is commonly preferred, however, it’s unlikely to cause problems for those paying more traditional suppliers.