Tipalti Announces Integration with NetSuite To Enhance Supply Chain Payables
Building upon NetSuite’s already existing PO creation capability, this integration is designed to give users greater ability to to streamline their complete AP workflow.
Latest News
Embracing An Agile Ecosystem Through Digital Transformation Port of Baltimore May Not Reopen Until Summer Sales & Operations Planning (S&OP) Mastery A New Priority Greets Procurement Professionals in 2024 Cargo Shipping Remains on Hold in Baltimore Following Bridge Collapse More NewsLatest Resource
Sales & Operations Planning (S&OP) Mastery In this Special Digital Edition of Supply Chain Management Review, you will find insights on the importance of sales and operations planning (S&OP) to an organization’s bottom line.All Resources
Tipati, a leading payables automation SaaS, today announced the complete integration of Tipalti’s purchase order (PO) matching and multi-entity capability with NetSuite,a global cloud ERP provider.
Building upon NetSuite’s already existing PO creation capability, this integration is designed to give users greater ability to to streamline their complete AP workflow.
According to spokesmen, this includes automation of their 2-way and 3-way PO matching processes.
Tipalti CEO Chen Amit told Supply Chain Management Review in an interview that midmarket companies which are working to modernize their AP processes and strengthen financial controls will likely be interested in these solutions.
“Certainly in the case of Multi-entity, companies with separate subsidiaries will be more interested, including different geographical business units, acquired divisions, multiple brands, and other entity scenarios,” he says.
Amit adds that he is seeing particular demand in the technology / software, retail, e-commerce, business services, online services, media and publishing, and manufacturing sectors.”
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, spokesmen maintain.
The multi-entity integration syncs Tipalti’s multi-entity payables management capability with subsidiary instance ledgers in NetSuite OneWorld.
About the Author
Patrick Burnson, Executive Editor Mr. Burnson is a widely-published writer and editor specializing in international trade, global logistics, and supply chain management. He is based in San Francisco, where he provides a Pacific Rim perspective on industry trends and forecasts. He may be reached at his downtown office: [email protected].Subscribe to Supply Chain Management Review Magazine!
Subscribe today. Don't Miss Out!Get in-depth coverage from industry experts with proven techniques for cutting supply chain costs and case studies in supply chain best practices.
Start Your Subscription Today!
Article Topics
Cloud-based software · Management · Supply Chain Management ·It’s high time to go beyond visibility Driving supply chain flexibility in an uncertain and volatile world View More From this Issue