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LOS ANGELES, Dec. 15, 2020 (GLOBE NEWSWIRE) — Acuant, a number one world supplier of identification verification options, at this time introduced its partnership with Tipalti, the main world payables automation platform, to automate crucial providers in fee and transaction monitoring whereas assembly their ongoing enterprise, safety and compliance wants in a time of document firm and transaction development.
Tipalti, having just lately achieved double unicorn standing, has seen a surge in transaction quantity up 80% from one 12 months in the past and has surpassed $12 billion in annual transaction quantity in 2020. Because of the pandemic and the necessity for companies to maneuver to extra digital funds, Tipalti is seeing extra enterprise from firms rising sooner (resulting from distant transactions) and from organizations needing to enhance monetary controls round payables in a distant work setting.
Tipalti vetted a number of potential distributors to deal with the necessity to securely deal with their rising quantity of transactions effectively and in the end selected Acuant for its sturdy, versatile, user-friendly, and customizable platform that stood out amongst {industry} rivals.
Tipalti helps 1000’s of organizations pay over four million suppliers weekly, which leads to tens of 1000’s of transactions being processed. Because of this development of on-line funds, having to display each transaction at such quantity throughout a various vary of purchasers was demanding. Previous to its partnership with Acuant, a lot of Tipalti’s crucial enterprise features have been time-consuming and required intensive monetary reporting, which slowed down operations. Acuant’s safe and automatic transaction monitoring system offered a direct, important value financial savings and exceeded the meant ROI.
“Acuant understood our need for automation and handled our quickly scaling business with secure and user-friendly technology,” stated Manish Vrishaketu, Chief Buyer and Working Officer at Tipalti. “They listened to our requirements and delivered a product that exceeded our expectations in operating more efficiently while meeting our customers’ compliance needs.”
“We were very pleased to be the standout choice for Tipalti when it came to solving their problem, and we are excited for their growth and our continued relationship to fight fraud together,” stated Yossi Zekri, President and CEO at Acuant.
About AcuantAcuant’s Trusted Identification Platform powers belief for all industries with automated identification verification, regulatory compliance (AML/KYC) and digital identification options. Omnichannel deployment provides seamless buyer experiences to battle fraud and set up belief from any location in seconds. Patented know-how is powered by AI to ship unparalleled outcomes and effectivity in actual time. With main companions in each main {industry} and finishing greater than 1billion transactions in over 200 international locations and territories, Acuant is the chief in world protection.
About TipaltiTipalti gives one complete, world payables automation resolution that automates all handbook provider fee processes. Its dedication to being customer-first has culminated in an industry-leading 98% buyer retention price with trusted manufacturers together with Amazon Twitch, Amplitude, Roku, Duolingo, Gitlab, Medium, ClassPass, Toast, Automattic, Twitter, Fintech Zoom, GoDaddy, Zola, Noom, Roblox, Headspace, Fiverr, Vimeo, Stack Overflow, ZipRecruiter, AppLovin, Canva, and Foursquare.
ContactMalini [email protected]
Supply: Acuant
