Leading global payables automation platform Tipalti is on a roll and with it comes an expanded presence in Vancouver. Tipalti continued its rapid growth surpassing $18 billion in annualized transactions in the second half of 2020, up from $11 billion in the first half of the year.
Tipalti enables high-growth companies to scale quickly by making payables strategic with operational, compliance, and financial controls. Companies can efficiently and securely pay thousands of partners and vendors in 196 countries within minutes.
Customers such as Amazon Twitch, Boxed, GoDaddy, Oscar Insurance, Roku, WordPress.com, and ZipRecruiter typically reduce operational workload by 80 percent and accelerate the financial close by 25 percent, while strengthening financial controls and spend visibility.
Tipalti opened a Vancouver office early last year and now plans to expand their local footprint to 80-90 employees by the end of 2021, which will be a 200% increase in employee count from the end of 2020 at 30 employees. Worldwide, Tipalti plans to hire an additional 350 employees in 2021.
“Tipalti’s growth is a clear indication that businesses are increasingly digitizing their finance operations to support remote work and scalability, which will continue long after the pandemic,” said Chen Amit, CEO and Co-founder of Tipalti.
“We are proud to support our customers as they modernize their financial operations by automating the entire payables process to make it easier, more efficient, and safer.”