Tipalti, the leading payables automation solution, today announced the complete integration of Tipalti’s purchase order (PO) matching and multi-entity capability with NetSuite, the world’s leading cloud ERP provider.
Building upon NetSuite’s already existing PO creation capability, this deep NetSuite integration now makes it possible for NetSuite users to streamline their complete AP workflow, including automation of their 2-way and 3-way PO matching processes.
Tipalti automatically syncs POs and GRNs from NetSuite and then updates PO and bill statuses and amounts in NetSuite. PO matching helps NetSuite users eliminate overspending and strengthen internal financial controls. With automated syncing between the two systems, companies can reduce time and effort spent on invoice approval and maximize their early payment revenue opportunities by shortening invoice-to-pay cycle times.
The multi-entity integration syncs Tipalti’s multi-entity payables management capability with subsidiary instance ledgers in NetSuite OneWorld. By integrating this Tipalti capability with NetSuite OneWorld at the sub-level, CFOs and controllers strengthen their AP visibility across the entire finance organization in total and by entity, while eliminating tax, regulatory, fraud, and audit compliance risk. The multi-entity integration accelerates the financial close cycle time by delivering instant and automated cross-entity, cross-payment method payment reconciliation.
“The breadth and depth of the multi-entity and multi-currency payables management capability and Tipalti’s integration with NetSuite OneWorld at the subsidiary level has allowed us to manage all eight of our international subsidiaries in one place,” said Dash Victor, Controller at Docker. “Their end-to-end global payables capability has helped us streamline our global AP workflow, allowing us to strengthen our financial processes and free my team to focus more time on other critical initiatives.”
“Modern CFOs are transforming the way they run AP operations across their global enterprise, freeing finance up to drive mission-critical initiatives,” concluded Chen Amit, CEO of Tipalti. “This enhanced integration between Tipalti and NetSuite sets finance leaders to execute on that vision.”