New updates have been reported about Tipalti (TIPAL)
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Tipalti, a leader in AI-powered finance automation, has unveiled its latest report, ‘The Global Finance Outlook: Are Teams Equipped for Today’s Economy?’, which underscores the mounting pressures faced by finance teams due to rapid global business expansion. The report, based on a survey of over 2,300 finance professionals from North America, the UK, and Europe, reveals that 83% of finance teams are experiencing increased workloads. This is largely attributed to outdated systems and limited automation capabilities, which are struggling to keep pace with the complexities of global operations, evolving regulations, and tariff impacts.
Tipalti’s Chief Customer and Operating Officer, Manish Vrishaketu, emphasizes the critical role of AI-powered finance automation in overcoming these challenges. He notes that manual accounts payable (AP) processes are creating significant compliance and operational risks, leading to burnout among finance professionals. The report indicates that while 35% of businesses plan to expand internationally within the next two years, only a quarter of finance professionals feel adequately prepared to manage the financial complexities of such growth. With 80% of finance leaders acknowledging the strategic importance of automation, Tipalti’s platform offers a comprehensive solution by integrating AP, procurement, and global payments, thereby enhancing efficiency and strategic focus. As companies increasingly prioritize AI investments, Tipalti positions itself as a pivotal partner in enabling scalable and resilient finance operations.