Our solutions are tailored to each client’s strategic business drivers, technologies, corporate structure, and culture.
WHY TIPALTI?
Tipalti’s global payables platform helps high-velocity companies effortlessly onboard partners, send payments at scale, and proactively prevent fraud.
Through our alliance with Tipalti, CohnReznick is ready to support you through each step of the process, from discovery to implementation and beyond, toward a best-in-class payment experience for you and your payees.
Benefits of tipalti
Reduce payment processing effort
Tipalti eliminates a significant amount of the time you spend managing global payment processes, including payee onboarding, remittance, approvals, tax form collection, reconciliation, and payee reporting.
Empower payees with payment choice
Payees can choose the currency and payment method that works best for them: ACH, wire transfer, prepaid debit cards, PayPal, international ACH, and more. Tipalti supports payments in 120 currencies to over 196 countries.
Easy-to-integrate, branded payee portal
Tipalti users can embed a completely branded web portal that payees use to update their payment preferences and tax details – which puts the responsibility of providing accurate bank information on payees, helping to reduce payment errors, issue resolution time, and resubmission costs.
Reduce regulatory burden and fraud risk
Every transaction is screened against U.S. and international blacklists to avoid payouts to suspected terrorists and bad actors. Tipalti is updated regularly to support complete OFAC and sanctions screening compliance. It also includes a fraud detection module to proactively flag suspicious payments for review.
Reduce financial and compliance risk
Built-in capabilities to reduce risk and fraud include W-9/W-8 tax compliance, audit trails, approval workflows, role-based views and OFAC/AML screening, and GDPR compliance.
Service offerings
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CohnReznick can assist you throughout your technology journey, from business requirements and organizational assessments to the Tipalti implementation tailored to your organization’s needs.
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We help you integrate Tipalti seamlessly with your other business solutions to maximize the value of your organizational data while eliminating data silos.
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We help you establish proper workflows from a controls perspective, managing reviews and approvals.
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Provide your team with the skills and knowledge required to optimize the benefits of the Tipalti platform.
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