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.

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.

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.

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.

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.

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.