Automated Payment Reconciliation for Effortless Financial Accuracy

Automated Payment Reconciliation

Automatically capture and sync all your spend data to your ERP.

Accelerate Financial Close by Up to 50%

Close faster with real-time reconciliation that removes the pressures of the month-end crunch. Reduce manual work, boost efficiency, and gain greater financial insight by combining financial reports across entities and sub-ledgers.

See All Payments in One Report

No more stitching together countless spreadsheets to reconcile payments. Tipalti handles multiple payment types, including wire transfers, digital wallets, and ACH, across payment methods, currencies, subsidiaries, and regions in a single file. Reports update in real time and are available 24/7.

Automated payment reconciliation helps save time, boost accuracy, cut time-consuming manual work, and manage working capital. Thanks to built-in discrepancy detection, it streamlines your closing process and minimizes the risk of fraudulent payouts. It also strengthens audit trails and account reconciliation across your organization.

Access Detailed Insights Across Entities

Get comprehensive insights into all transactions across entities, currencies, and payment types. Easily track both attempted and executed payments with transaction matching and automated exception alerts for unmatched entries. Multi-currency support helps maintain data accuracy across regions. You can also connect payment data directly to your bank account for a full audit trail.

Download reports to Excel anytime for easy analysis. Link reconciliation directly to bank statements and accounts to simplify bank reconciliations.

Connect With Your ERP or Accounting System

Auto-sync payment results with your ERP or accounting systems, seamlessly integrating payment status into the general ledger and sub-ledgers. Sync real-time payment data to support ERP-specific features like posting periods, projects, and custom fields. This makes payment reconciliation work simpler. It builds data accuracy and slashes manual work.

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Drill Into Detailed Reports

We provide detailed reports on payments, suppliers, invoices, taxes, and accounts receivable. We cover everything from blocked suppliers to transaction data history. Drill down by type of payment, time frame, or entity to get the insights you need when you need them, supporting faster close and better decisions with advanced reconciliation software.

Pre-built connections to extend automated workflows

Easily extend and simplify your workflows with pre-built integrations and powerful APIs for your ERPs, accounting systems, performance marketing platforms, HRIS, SSO, Slack, credit cards, and more.

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Don’t just take our word for it,

see what our customers are saying

Rob Castaneda
CEO, ServiceRocket
"It’s saved us a lot of money—especially in these times. Tipalti made everything more visible so that the team can have greater peace of mind."

Julia Yeo
Director, Accounting Operations, Matterport
"Before Tipalti, I often stepped in to help the accounting team at the transaction level because the volumes were too big. Now, I don’t need to—Tipalti can handle the volume from now on."

Christopher Hurst
Director of Accounting, Younique
"We've been able to use Tipalti’s currency conversion feature to move over $100 million over the last 5 or 6 years into the USD currency to pay our bills."

Customer Stories

Endera
With Tipalti, Endera streamlined invoices, automated vendor onboarding, and improved international payments by eliminating manual wire transfers.

T3 Micro
T3 Micro cut manual work by 50%, avoided adding finance headcount, and streamlined international payments across multiple currencies.

Mail Shark
Mail Shark cut AP workload 75% with Tipalti, freeing the team to focus on higher-value tasks while maintaining an efficient process.

ImaginAB
ImaginAb saved 1,750 AP hours yearly, avoided new hires, and sped up monthly financial close with automation.

Clean Beauty
Implementing Tipalti delivered major efficiency gains for Clean Beauty Collective, saving ~40 hours per week previously spent on manual AP tasks.

ADU
With Tipalti’s AI-enabled invoice processing, ADU increased productivity by 88% and now handles about 1,500 invoices each month, up from 800.

Payment Reconciliation FAQs

How does automated payment reconciliation work?

Automatic payment reconciliation enables a business to upload an electronic version of a bank statement and quickly reconcile it. Automatic reconciliation works through:

  1. Collecting Data
  2. Integrating Data
  3. Matching Transactions
  4. Identifying Discrepancies
  5. Managing Exceptions
  6. Automated Adjustments
  7. Generating Reports
  8. Real-Time Updates
  9. ERP Synchronization
  10. Continuous Monitoring

What are the benefits of automated reconciliation?

Faster Financial Close
Enhanced Accuracy
Increased Cost Savings
Improved Compliance
Real-Time Processing
Better Fraud Detection

Can an automated payment reconciliation solution integrate with accounting software?

Yes. Integrating with popular ERP and accounting systems allows businesses to leverage Tipalti’s automated payment solutions while maintaining seamless synchronization with their existing tools.

What defines a good payment reconciliation solution?

  1. Smart Automation
  2. Seamless Integration
  3. Real-Time Reporting
  4. Exception Handling
  5. User-Friendly Interface
  6. Support and Training

What ERP and accounting system does Tipalti integrate with?

Tipalti integrates with:

Access All Insights on Payment Reconciliation

Account Reconciliation: What is Reconciliation in Accounting? How to Do a Bank Reconciliation (step-by-step) What Is Payment Reconciliation and How Does It Work?

Ready to save time and money?

Book a demo to get started today and take control of your finance operations with Tipalti.