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Transforming the Global Payments Operation

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How Tipalti's changing the payments systems worldwide.

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Transforming the Global Payments Operation

  1. 1. Tipalti Confidential – Do Not Distribute Transforming the Global Payments Operation Tipalti Confidential – Do Not Distribute EFFICIENCY SCALABILITY COMPLIANCE
  2. 2. Tipalti Confidential – Do Not Distribute Increasingly Competitive Crowd Space • Break through the noise • Must attract & retain partners • Maintain efficiency, speed & competitiveness • Global expansion key to expand demand & supply • Focus resources on growth & innovation
  3. 3. Tipalti Confidential – Do Not Distribute Why Payouts Matter in Crowdsourcing? • One of the Most Critical Touchpoints in the Partner Experience • Can Slow Down Your Ability to Scale • Distracts Talent from Innovation & Growth • One of Most Time-Consuming Business Functions • Exposes Business to Risk if Done Manually • Poses a Barrier to Entry for Global Supplier Expansion 74% Would leave a marketplace because of a payment issue
  4. 4. 4 Tipalti Confidential – Do Not Distribute FINANCIAL REPORTING • Payment reconciliation • 1099 / 1042-S reporting Today’s Manual Mass Payment Workflow PAYMENT COMMUNICATIONS • Payment status communications • Payment issue management DOMESTIC & GLOBAL PAYMENTS • Support for a range of payment methods • Cross-border remittance coverage • Currency conversion • Payment approval process PARTNER MANAGEMENT • Partner registration • Partner data validation • Ongoing record updates TAX COMPLIANCE • Tax form collection • Tax data vetting & TIN matching • Withholding REGULATORY COMPLIANCE • OFAC & other sanctions screening at onboarding & before every payment • Partner risk assessment AP is the #1 most time-consuming finance function. IOFM Controller Survey MANUAL INEFFICIENT RISKY
  5. 5. 5 Tipalti Confidential – Do Not Distribute A Typical Payment Process: Manual Onboarding through email, phone, or in person*79% Rejected Payments have a global payment error rate of 3%+**47% Challenging Global Payments spend 40+ hours / month on payments*67% Poor Supplier Management of issue resolution is manual**78% Painful Payment Reconciliation is manual with spreadsheets every month**66% Costly Tax Reporting penalty for each 1099 / 1042 not submitted***30% Inefficient Risky Chaotic Manual *GatePoint Research Trends Report **TechValidate Survey Report Trends in Accounts Payable Today’s Payable Process ***IRS
  6. 6. Tipalti Confidential – Do Not Distribute Focus team on being a key strategic driver of business performance Your Opportunity: Use Technology to Free Your Team Up to Drive Value AP Risk Detection Global & Divisional Expansion Leading M&A Analysis & Visibility Operational Improvements Enabling Rapid Growth Dreaming Bigger
  7. 7. 7 Tipalti Confidential – Do Not Distribute The Stages of Payables Evolution Impact Risk Mitigation Scalable Operations  Strengthen partner relationships  Focus personnel on high impact  Headcount avoidance  Accelerated payments  Eliminate fraud & audits  Reduce tax penalties  Avoid OFAC hits  Accurate payments  Manage volume  Meet obligations – timing, currency, format
  8. 8. 8 Tipalti Confidential – Do Not Distribute Our mission is to liberate finance teams to make strategic impact by automating global payable operations and eliminating risk 8 • The leading global payables automation solution • Hundreds of customers with 98% customer satisfaction • Pays $8B in payments annually to 4M global suppliers • A regulated financial institution; a money transmitter Tipalti: We Took Care of It
  9. 9. 9 Tipalti Confidential – Do Not Distribute Mass Scalability & Productivity for the Future Scaled from $6millionto$150million annual revenue without adding AP resources Productivity Improvement: 4 people reallocated to other initiatives 85%+Reduced AP workload by Scaled to 30 regional markets
  10. 10. 10 Tipalti Confidential – Do Not Distribute WHITE-LABELED PARTNER ONBOARDING TAX COMPLIANCE RECONCILIATION & REPORTING GLOBAL REMITTANCENETNOW INTEGRATION PLATFORM CLOUD INFRASTRUCTURE MULTI-ENTITY FRAUD CONTROLS Tipalti: The Only Global Payables System for Today and the Future
  11. 11. 11 Tipalti Confidential – Do Not Distribute One holistic platform to future-proof your entire global payables operation 1 2 3 4 5 Self-service partner onboarding and vetting with 26,000+ rules engine Tax module meets IRS standards, as prescribed by KPMG Global remittance and payment method / currency choice Enterprise-grade financial and fraud controls NetNow: Frictionless accelerated payments to differentiate your network What Distinguishes Tipalti?
  12. 12. 12 Tipalti Confidential – Do Not Distribute PARTNER MANAGEMENT TAX COMPLIANCE INVOICES & PO MATCHING DOMESTIC PAYMENTS CROSS-BORDER PAYMENTS EARLY PAYMENTS PAYMENT RECONCILIATION BANK CUSTOM BUILD PAYMENT AUTOMATION ERP Today’s Solutions are Incomplete and Disconnected MANUAL INEFFICIENT RISKY
  13. 13. 13 Tipalti Confidential – Do Not Distribute PARTNER MANAGEMENT TAX COMPLIANCE INVOICES & PO MATCHING DOMESTIC PAYMENTS CROSS-BORDER PAYMENTS EARLY PAYMENTS PAYMENT RECONCILIATION BANK CUSTOM BUILD PAYMENT AUTOMATION ERP TIPALTI Tipalti Sets You Up to Scale for Rapid Growth
  14. 14. 14 Tipalti Confidential – Do Not Distribute m 98% Customer Satisfaction | $8B+ in Transactions Managed Annually | 4M+ Payees Solving Crowdsourcing Payment Operations
  15. 15. 15 Tipalti Confidential – Do Not Distribute Tipalti: Customer Success at the Core Using Tipalti has reduced our man-hours (and costs) considerably. We send weekly and monthly payments in the thousands and I'd hate to go back to doing this ourselves. Excellent customer support - I'd rank it among the best. You can actually call them! 98% Customer Satisfaction 98% Customer Retention 0.5% Support Ticket per Payment Rate 500+ Customers $8B+ Annual Remittance 4M+ Global Suppliers
  16. 16. 16 Tipalti Confidential – Do Not Distribute Customer Success Kathleen Simon, Controller “Our Influencers often asked how to get paid faster. Tipalti delivered and within 3 months, we’ve had 17%+ early payment adoption” An A.I. influencer technology firm with 25,000 influencers on Facebook, Instagram, Snapchat, Twitter, and YouTube. 5 billion+ users. Spend less time coding invoices and email ping pong from manual payments Support international partners Collecting & validating of tax forms both IRS W-9 and W-8 Provide multiple payment methods as choice for partner – ACH, PayPal, Wire, Check, eCheck Avoid payment errors, failing tax and regulatory compliance, and payment fraud Opportunity to offer early payments
  17. 17. Tipalti Confidential – Do Not Distribute “The ROI of Tipalti really is not having AP involved in outbound partner payments. That's huge. We've outsourced our AP function into a shared-services organization. So, the ability to hand it all off to Tipalti obviously is a huge labor cost savings, and a much more efficient process.” Phil Newell, Director of Finance & Accounting IT Global partners paid$20M+ New AP hires needed0 ● 17.5M global customers ● 76M domain names ● $12.5B market cap AP staff involved in outbound partner payments 0 Partners onboarded150k+ Countries124
  18. 18. Tipalti Confidential – Do Not Distribute Future-Proof Global Payable Operations Tipalti Confidential – Do Not Distribute EFFICIENCY SCALABILITY COMPLIANCE Provide one holistic solution to simplify the entire end-to-end payables workflow
  19. 19. Tipalti Confidential – Do Not Distribute Product Screens
  20. 20. Tipalti Confidential – Do Not Distribute Modernize with the AP Hub Tipalti makes it simple for finance to manage the entire supplier payments operation
  21. 21. Tipalti Confidential – Do Not Distribute Approve bill Send back to AP Update account Dispute bill
  22. 22. 22 Tipalti Confidential – Do Not Distribute BEST-IN-CLASS PARTNER PAYMENTS EXPERIENCE • White-labeled • Choice of payment methods, currency, thresholds, etc. • Proactively eliminates payment errors with 26,000+ global validation rules • Pay any supplier, anywhere in the world • NetNow: Frictionless accelerated payment options • Branded proactive payment status communications • 24/7 portal access to update information & view payment history
  23. 23. 23 Tipalti Confidential – Do Not Distribute White labeled solution | A few lines of code for iFrame | Host on our site or yours Branded Supplier Experience
  24. 24. 24 Tipalti Confidential – Do Not Distribute PARTNER MANAGEMENT • Suppliers register through online portal, all self-service & branded • Choice of payment methods, currency, thresholds, etc. • 26,000+ global validation rules to eliminate payment errors • 24/7 portal access to update information & view payment history • Proactive branded payment status emails
  25. 25. 25 Tipalti Confidential – Do Not Distribute TAX COMPLIANCE • Meets IRS standards, as prescribed by KPMG • Digital W-9 / W-8 form capture, forms available 247 • Wizard helps suppliers select correct form • Data validation across 1,000+ rules • Automatic withholding calculations deducted from payments • 1099 / 1042-S tax preparation reports • Local / VAT tax ID collection in 50 countries with 3,000+ validation rules
  26. 26. 26 Tipalti Confidential – Do Not Distribute • Pay suppliers anywhere in the world – 190 countries, 120 currencies, 6 methods • Automated branded payment status and payment issue email notifications • “Do Not Pay” blacklist screening before all payments are processed • Instant payment reconciliation across all currencies and payment methods GLOBAL PAYMENTS
  27. 27. Tipalti Confidential – Do Not Distribute Tipalti: One System for Multi-Entity Payables SUPPLIER MANAGEMENT TAX COMPLIANCE INVOICE PROCESSING RECONCILIATION & REPORTING GLOBAL REMITTANCE INTEGRATION PLATFORM CLOUD INFRASTRUCTURE MULTI-ENTITY FRAUD CONTROLS EARLY PAYMENTS Country A Country B Country C Country D
  28. 28. 28 Tipalti Confidential – Do Not Distribute DETECT RISK MODULE • Integrated supplier fraud management • Block or suspend supplier payments, managed blocked lists, prevent multiple accounts • Reduce fraud and suspicious supplier payment activities “The largest fraudulent account was about $1,000 in payments, and another four accounts had over $5,000 of associated payments to fake accounts coupled to them. Because Tipalti’s Detect module operates at the point of payment, including across multiple payment methods, it has the unique operational insight to flag those bad actors.” ZIV ELIRAZ CEO
  29. 29. 29 Tipalti Confidential – Do Not Distribute NETNOW • Automatic same-day payment processing upon acceptance • No changes to current processes • No impact on working capital, payors pay on original due date • Choose eligible suppliers and percentage of payment • Offer based on invoice due date or payment file with scheduled dates • Easy supplier acceptance through branded email notification and portal • Dynamic discounting based on number of days early
  30. 30. 30 Tipalti Confidential – Do Not Distribute ENTERPRISE-GRADE FINANCIAL CONTROLS • Multi-user and role signatory privileges and views • Invoice and payment approval workflows • Secure payment information collection • Tax compliance verification prior to onboarding • VAT and tax ID document collection • “Do Not Pay” blacklist checking before all payments are processed • Audit trails for finance users and suppliers • Risk Management Module proactively identifies and blocks suspected fraudsters
  31. 31. 31 Tipalti Confidential – Do Not Distribute What Makes Tipalti the Only Future-Proofed Global Payables System? Tipalti Confidential – Do Not Distribute Cut 80% of AP workload and realign resources to strategic priorities EFFICIENCY Expand globally without adding more staff SCALABILITY Protect from business risk with advanced tax, fraud, and regulatory controls COMPLIANCE

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