How Nonprofits Use Finance to Fuel Their Mission
Matthew Pierce | VP of Finance at E4E Relief
“We’ve gone from taking weeks to pay somebody to days to pay somebody, which is extremely transformational when you have somebody experiencing a disaster or financial hardship and the urgency with which they need that relief.”
Why trust Tipalti with your Partner Payments?
Accelerate Your Mission
Go global with your partner/vendor base to achieve growth at scale. Leverage providers from all over the world, making it easier than ever to power your mission and instill confidence with your donors.
Eliminate Manual Processes
Manual effort can lead to mass payment errors and put your team at risk for potential fraud. Re-focus your team’s time on value-add initiatives by dramatically reducing your payment workload by 80% with self-service onboarding, automated communications, and a unified payment interface.
Improve Partner Relationships
Offer the most flexible payment options (including US ACH, wire transfer, global ACH, PayPal, prepaid debit, or paper check) to attract and retain the best partners that understand your mission, while reducing the risk of paying fraudsters. Improving partner relationships will help give your team time back to focus on your donor base.
Effortless Tax Compliance
Don’t wait until year-end to hunt down partners for their tax forms. Collect W-9, W-8, or VAT ID forms and produce submission-ready 1099 and 1042-S reports.
Franlis Alvarez | Director, Finance & Accounting at ICFJ
“We are a global organization. Tipalti was one of the easiest things that we did. With the automation, we’re just sending an email with a link to our page, and [journalists] are just going in to enter their information – bank information, tax information, etc. They can also choose what currency they want to get paid in. It makes it a lot easier on our end and faster for our partners to get those funds.”
How Nonprofits Use Tipalti
Innovation and efficiency
come built-in
Tipalti offers the most comprehensive payables technology to help your
business streamline, simplify, and evolve.
Invoice Management
Ditch the busy work with touchless invoice processing with smart OCR. Advanced approvals with AI streamlines the approval process and minimises delays.
PO Management
Manage spend all in one place. Streamline purchase requests, PO’s, approvals, and vendors with budget visibility to make informed decisions.
Global Payments
Send payments in 120 currencies in 196 countries through six unique payment methods.
Currency Management
Save time and money on FX conversion payouts with highly competitive exchange rates.
Payment Reconciliation
Speed up financial close by 25%+ by synching and reconciling multi-entity payables data with ERP and Accounting systems.
Self-Billing Module
Simplify self-billing processes with automated invoice creation and submission while ensuring global regulatory compliance.
ERP Integration
Best-in-class integration with your existing ERP and accounting systems and sync invoices, suppliers, payments and purchase orders.
Payments API
Integrate any system through our highly secure API that offers full-featured interfaces.
Artificial Intelligence/Tipalti AI
Take advantage of proactive, smarter processes for the entire payables operation as well as greater efficiency and risk mitigation.
Supplier Management
Effortlessly onboard vendors with a multilingual, self-service portal that’s brandable. Plus, give suppliers a real-time view of payment and invoice status.
PO Matching
Eliminate overspending and strengthen financial controls with automated 2-way and 3-way matching and enjoy a frictionless approval cycle.
Multi-Entity
Manage unique payables workflows and centralise AP for subsidiaries and entities within a single instance.
Tax Compliance
Take the headaches out of collecting and validating VAT tax information.
Financial Controls
Enterprise-grade financial controls: Fraud, tax, regulatory, audit, spend and cash flow.
Fraud Detection
Tipalti Detect lets you proactively identify payee fraud risk and maintain a full audit trail.
Secure Cloud
Rest assured that data is collected, stored, and transmitted securely in the cloud. Tipalti is SSAE 18 and ISAE 3402 SOC 1 Type II and, SOC 2 Type I certified, and GDPR Compliant.
Simplify Performance-to-Pay
Easily sync data from marketplace platforms and tie performance analytics to pay partners.
Let’s get more productive
Talk to an expert and learn how you can take control of your payables.