Tipalti Adds AP Invoice Collaboration Features

Global payments platform Tipalti on Wednesday (June 8) debuted Bill Talk and Bill Docs within its accounts payable automation solution to streamline invoice approvals, according to a company press release.

Buyers and approvers can now collaborate easier and invoices are ready for audit quicker, which speeds up the approval cycle, the press release said.

Bill Talk and Bill Docs allow buyers, accounts payable (AP) staff and business approvers to “work with each other directly on the bill by exchanging questions and comments and attaching documents within Tipalti, all without needing to log in,” according to the press release.

“The AP process has historically been the most time-consuming function in finance,” said Roby Baruch, chief product officer at Tipalti, in the release. “One of the key pain points finance teams cite is the chaotic back and forth of invoice approvals.

“These features are the latest example of how Tipalti is reshaping how businesses manage their financial operations by eliminating manual, burdensome processes,” he said.

Bill Talk gives users the ability to message via chats with approvers, tag team members within the bill, email tagged users and reply to tags via email without the need to log into Tipalti.

Bill Docs, meanwhile, lets customers upload and review bill-related documents, access documents via Tipalti’s approval email (no login required), pin relevant documents to bills, attach documents to messages in Bill Talk and attach the body of an email automatically.

Related: Tipalti Valuation Hits $8.3B After $270M Funding Round

In December, Tipalti closed a Series F fundraising round that brought in $270 million at a valuation of $8.3 billion. Tipalti has raised more than $550 million since its inception. It will use the company to speed up its product road maps and customer operations as well as push forward with its global expansion plans.

The company’s valuation makes it one of the most valuable FinTech unicorns — private companies worth at least $1 billion — in the world.