Tipalti Tax Compliance
Automate W-9/W-8BEN collection, withholding, and 1099/1042-S reporting for global tax compliance.
Executive Summary
Tipalti Tax Compliance automates critical aspects of accounts payable to ensure adherence to global tax regulations. The platform streamlines the collection and validation of tax forms such as W-9 and W-8BEN directly from suppliers, significantly reducing manual effort and potential errors. It integrates advanced capabilities for accurate withholding calculation, ensuring compliance with diverse tax requirements. Beyond collection and calculation, Tipalti automates the generation of essential tax reports, including 1099 and 1042-S, simplifying year-end tax filing. The solution is built on KPMG-approved workflows, providing a robust framework for managing complex tax obligations and integrating seamlessly with existing ERP and accounting systems to enhance financial controls and operational efficiency.
Use Cases
- Automating W-9 and W-8BEN collection and validation from domestic and international suppliers.
- Calculating appropriate tax withholding for various payment types and payee classifications.
- Generating accurate 1099 and 1042-S reports for year-end tax filing and compliance.
- Ensuring adherence to global tax regulations and standards, including GDPR and CCPA.
- Streamlining accounts payable workflows by integrating tax compliance directly into the payment process.
Technical Specifications
- Architecture
- REST-based API architecture
- Deployment
- SaaS
- Authentication
- SSO
- API Available
- Yes
Integrations
- SAP S/4HANA
- ERPs
- Accounting Systems
- Performance Marketing Platforms
- HRIS
- SSO
Security & Compliance
Certifications: SOC 2 Type II, GDPR, PCI DSS, SSAE 18, ISAE 3402 SOC 1 Type II
Encryption: Enterprise-grade security embedded in the Tipalti platform, ensuring data is encrypted in transit and at rest.
Pricing
- Target Customer
- Mid-Market,Enterprise
About tipalti
Tipalti is a SaaS fintech company that automates global payables and mass supplier/vendor payments for businesses, streamlining accounts payable, tax compliance, and multi-currency payouts. Their platform centralizes onboarding, payment processing, reconciliation, and reporting to reduce manual work and fraud risk.