Tipalti, payables automation firm announced of being able to assimilate with all the enterprise resource planning (ERP) technologies.
Notable ERP connections include: Acumatica, SAP Business ByDesign, SAP Business One, Sage 300, Sage X3, Sage 100, Sage 50, Xero, QuickBooks Desktop, Microsoft Dynamics GP, Microsoft Dynamics NAV and Microsoft Dynamics 365 Business Central are among “notable” ERP connections.
“An ERP system is one of a company’s most valuable business investments, and payables departments need to have an integrated philosophy that encompasses the entire end-to-end process,” Tipalti Chief Product Officer Roby Baruch said in the announcement. “We’re excited to be open for integration with any ERP system, making scalable, modern payables capabilities accessible to every company.”
Tipalti says that it is the only organization to work on AP alongside mass pay processes for “high-velocity companies” throughout the complete financial operations cycle. This comes to be known as Tipalti revealed the acquisition of Approve.com, the cloud procurement technology company.
Tipalti hit the big time with $150 million in new funding and a $2 billion valuation, per news in October. That put the West Coast financial technology firm well into “unicorn” status, meaning that it has a valuation of over $1 billion. Durable Capital Partners of Maryland headed up the funding round.