Latest news with #Tipalti
Yahoo
28-06-2025
- Business
- Yahoo
Tipalti's Darren Upson on the strategic use of AI-driven finance
Tipalti currently serves over 5,000 companies via AI-driven solutions to automate finance operations. These include accounts payable, employee expenses, global pay-outs, procurement, supplier management, and tax compliance. What should excite Tipalti's backers is the sheer scale of the addressable market of prospects not yet using AI-powered finance software. 'There are a huge number of companies, especially those of a more traditional nature, that have not even scratched the surface of automation and what it can do for their businesses,' says Darren is a fully automated, cloud-based platform that simplifies the most complex finance workflows, helping its clients manage end-to-end payables across multiple entities, currencies, and countries—with built-in compliance. And its seamless ERP integrations gives complete visibility and control. So, it eliminates manual work and speeds up the entire payables process, automating everything from invoice approval to global payments and reconciles data seamlessly. That summary is hardly over-techy and should be understandable to even the most basic of business leaders. The Tipalti proposition is boosted by the backing of JPMorgan Chase, which is about as good as it gets if you had the widest possible choice of potential financial backers. Back in 2023, Tipalti raised $150m in growth financing from JPMorgan and Hercules Capital. At the time, it brought total funding to more than $550m and valued the firm at over $8bn. JPMorgan is also one of the major banks Tipalti uses to route its billions of dollars' worth of supplier payments on behalf of its customers. 'We work in the fintech space as an automation platform for accounts payable and also mass payments as well. We are both a software company and a financial services business. We execute payments for our businesses and we handle the whole accounts payable process from start to finish, basically stripping out all of the manual, redundant processes associated with accounts payable. 'As that is the most time-consuming part of finance, we're trying to help organisations, especially those fast-growing businesses, to actually put their people to better use and leverage technology to really do that manual, repetitive work more efficiently, faster and to be more scalable as well.' He says that a typical client firm will be high-growth, pre-IPO outfits that have already embraced automation. They will be firms that understand how automation enables them to be more agile as an organisation. 'The big challenge that exists now is individuals' understanding the art of the possible. There's a lot of people that think that they've already automated everything they can do. But there's always more and with AI tools and the technology that exists out there, there's so many more areas across an organisation that you can automate to create more efficiency, especially when businesses are looking to try and retain and attract talent as well. It's about, how do they make sure that the people that are coming into the workforce now are doing roles that are actually fulfilling and that they enjoy.' In the run up to the UK's Labour government first budget, there was much negative press coverage forecasting doom and gloom if taxes such as capital gains tax were raised. In the end, the rate of increase was not as steep as the most pessimistic forecasts but CGT did rise from 20% to 24% for higher rate taxpayers. And given the track record over history of past Labour governments, further tax rises are more likely than any tax cuts. Upson says that the UK is still the number one destination out of North America for start-ups. 'We've got such a hotbed of talent, and we've got a large banking infrastructure in place as well. So [tax changes] do not mean that the lights are going to go out overnight. But I think that there have to be more incentives to actually attract and support individuals that are looking to build the next big thing.' "Tipalti's Darren Upson on the strategic use of AI-driven finance" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Finextra
18-06-2025
- Business
- Finextra
Tipalti buys treasury automation outfit Statement
Tipalti, the AI-powered platform for finance automation, today announced the acquisition of Statement, an AI-native treasury automation solution. With this addition, Tipalti deepens its treasury offerings with powerful real-time cash intelligence capabilities to enhance cash flow visibility, insights, and forecasting driven by AI. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Tipalti continues to accelerate its market leadership by providing a comprehensive suite of finance automation solutions in one platform, designed for mid-market businesses across accounts payable, global payouts, procurement, employee expenses, corporate cards, supplier management, tax compliance, and treasury. Transforming Treasury with AI Statement transforms traditional treasury operations, equipping finance teams with real-time visibility and control to make better financial decisions. Leveraging advanced AI and machine learning, Statement's solution automates and streamlines the manual processes of cash position visibility, cash flow forecasts, and cash insights across many types of platforms, such as banks, ERPs, billing tools, and databases. With more efficient workflows and timely cash data, finance leaders can optimize working capital, improve liquidity, and ensure forecasts are accurate, resulting in better overall control of cash flow and more informed decision-making. "I am excited to welcome Statement to the global Tipalti team and to accelerate our treasury capabilities with powerful AI innovation for finance teams around the world," said Chen Amit, CEO and Co-founder of Tipalti. "For many global businesses in today's economy, getting complete and instant cash flow visibility across bank accounts, systems, entities, and currencies is very complex. Together, we have a unique opportunity to evolve our customers' treasury operations into a key business driver, empowering them to take control of their cash flow and maintain real-time visibility of their business finances. This addition to our finance automation suite furthers our mission to elevate how finance teams operate in the global economy." "We are thrilled to join a global leader like Tipalti. We have a shared vision for transforming finance operations so our customers can focus on their business," said Idan Vlodinger, CEO and Co-founder at Statement. "Innovating in treasury with AI-driven automation has been our sole focus since day one. Our AI-native solution complements the Tipalti suite with capabilities to help businesses manage cash with ease. With Tipalti's global scale, we will be able to help more customers streamline complex cash management processes, optimize liquidity, and forecast cash flow with more confidence." Transaction Details The deal was signed on June 16, 2025 and is expected to close shortly. Terms of the acquisition were not disclosed.
Cision Canada
17-06-2025
- Business
- Cision Canada
Tipalti Acquires AI-native Treasury Automation Provider, Statement
Brings real-time, AI-driven cash intelligence to global finance automation suite, furthering Tipalti's leadership as the AI-powered platform for finance FOSTER CITY, Calif. and NEW YORK, June 17, 2025 /CNW/ -- Tipalti, the AI-powered platform for finance automation, today announced the acquisition of Statement, an AI-native treasury automation solution. With this addition, Tipalti deepens its treasury offerings with powerful real-time cash intelligence capabilities to enhance cash flow visibility, insights, and forecasting driven by AI. Tipalti continues to accelerate its market leadership by providing a comprehensive suite of finance automation solutions in one platform, designed for mid-market businesses across accounts payable, global payouts, procurement, employee expenses, corporate cards, supplier management, tax compliance, and treasury. Transforming Treasury with AI Statement transforms traditional treasury operations, equipping finance teams with real-time visibility and control to make better financial decisions. Leveraging advanced AI and machine learning, Statement's solution automates and streamlines the manual processes of cash position visibility, cash flow forecasts, and cash insights across many types of platforms, such as banks, ERPs, billing tools, and databases. With more efficient workflows and timely cash data, finance leaders can optimize working capital, improve liquidity, and ensure forecasts are accurate, resulting in better overall control of cash flow and more informed decision-making. "I am excited to welcome Statement to the global Tipalti team and to accelerate our treasury capabilities with powerful AI innovation for finance teams around the world," said Chen Amit, CEO and Co-founder of Tipalti. "For many global businesses in today's economy, getting complete and instant cash flow visibility across bank accounts, systems, entities, and currencies is very complex. Together, we have a unique opportunity to evolve our customers' treasury operations into a key business driver, empowering them to take control of their cash flow and maintain real-time visibility of their business finances. This addition to our finance automation suite furthers our mission to elevate how finance teams operate in the global economy." "We are thrilled to join a global leader like Tipalti. We have a shared vision for transforming finance operations so our customers can focus on their business," said Idan Vlodinger, CEO and Co-founder at Statement. "Innovating in treasury with AI-driven automation has been our sole focus since day one. Our AI-native solution complements the Tipalti suite with capabilities to help businesses manage cash with ease. With Tipalti's global scale, we will be able to help more customers streamline complex cash management processes, optimize liquidity, and forecast cash flow with more confidence." Transaction Details The deal was signed on June 16, 2025 and is expected to close shortly. Terms of the acquisition were not disclosed. More Information Read more about Tipalti's acquisition of Statement in Chen Amit's blog. About Tipalti Tipalti is the AI-powered platform for finance automation, elevating how finance teams operate in the global economy. We empower our customers to scale faster and smarter by removing the complexities of doing global business and accelerating their finance operations efficiency. Our platform provides a comprehensive suite of finance automation solutions designed for mid-market businesses across accounts payable, global payouts, procurement, employee expenses, corporate cards, supplier management, tax compliance, and treasury. Tipalti partners with leading financial institutions such as Citi, Wells Fargo, J.P. Morgan, and Visa, enabling over 5,000 global companies to efficiently and securely pay millions of suppliers and payees across 200+ countries and territories, in 120 currencies. For more information, visit About Statement Statement is an AI-powered treasury solution transforming financial operations for global businesses. Seamlessly connecting with banks, ERPs, PSPs, and other financial systems, leveraging advanced AI and machine learning, Statement enriches financial data, automates workflows, and provides real-time visibility into cash positions, dynamic cash flow forecasting, and transaction categorization—all without the need for IT resources. With AI at its core, Statement delivers actionable insights, identifies anomalies, and empowers companies to optimize working capital, improve liquidity performance, and streamline treasury operations.
