Tipalti Alternative

Tipalti is a global payables automation platform for mid-market and enterprise companies. It handles invoice processing, global payments, supplier onboarding, and tax compliance with AI-driven automation and supports payments to 190+ countries.

AI ParserFoster City, California, USAFounded 20100.1M users

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Company Overview

About Tipalti

Tipalti is a global payables automation platform for mid-market and enterprise companies. It handles invoice processing, global payments, supplier onboarding, and tax compliance with AI-driven automation and supports payments to 190+ countries.

Valuation:$8.3B (2021)
Team Size:501-1000
Funding:$565M (Series F)

Target Market

Mid-market to enterprise companies with high invoice volumes and global suppliers

Business Size:

enterprise

Industries:

TechnologyE-commerceManufacturingMedia & Entertainment

Geography:

GlobalNorth AmericaEuropeUK

Features Overview

AI-Powered

UK Compliance

VAT Support

CIS Support

Automation

Mobile App

API Access

Custom Templates

Multi-Currency

Batch Processing

OCR Accuracy: 97%

Accounting Integrations

QuickBooksXeroNetSuiteSAPOracle

Pricing Structure

Select

USD99/month
  • AI-driven invoice processing

  • VAT ID validation

  • Basic supplier onboarding

  • Email support

POPULAR

Advanced

USD199/month
  • All Select features

  • Purchase order matching

  • Multi-entity support

  • Priority support

Elevate

USD500/month
  • All Advanced features

  • Custom workflows

  • Dedicated account manager

  • Global payment infrastructure

  • Tax compliance automation

Pros & Cons

Strengths

7
  • Enterprise-grade with 8.3B valuation

  • Supports payments to 190+ countries

  • Excellent tax compliance automation

  • Strong fraud detection and controls

  • Deep ERP integrations (NetSuite, SAP, Oracle)

  • Handles global supplier onboarding

  • 99.9% uptime guarantee

Weaknesses

7
  • Expensive for SMBs (£99/month minimum)

  • Complex implementation (typically 1-3 months)

  • Steep learning curve due to feature complexity

  • Overkill for businesses with <100 invoices/month

  • Implementation fees start at £1,500+

  • Not designed for tradespeople or field workers

  • No CIS support for UK construction

Customer Reviews

4.3

Overall Rating

4.2

G2

4.3

Capterra

Common User Feedback

"Great for global payments but expensive"

"Implementation took 3 months - longer than expected"

"Powerful but complex - needed training for team"

"Excellent for managing 1000s of suppliers"

Why Choose Elektroluma Over Tipalti?

Elektroluma Advantages

AI-Powered Automation

Automated invoice parsing and data extraction with 99% accuracy. No manual data entry required.

90% Faster Processing

Process invoices in under 5 seconds vs 5-10 minutes manual entry. Save hours every week.

UK-First Compliance

Built-in VAT, CIS, and HMRC compliance. Designed specifically for UK small businesses.

UK Data Residency

All data stored in UK data centers. GDPR compliant with UK-based support team.

Key Differentiators

Elektroluma is 70% cheaper (£29/mo vs £99/mo minimum)

No implementation fees or onboarding costs

Designed for UK tradespeople with CIS support

Simple setup in minutes, not months

Perfect for SMBs with 10-500 invoices/month

Mobile-first for job site use

Easy Migration Path

Tipalti is overkill for UK SMBs. Switch to Elektroluma to save £840/year while getting UK-specific features like CIS deductions and trade compliance.

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