Payables automation platform Tipalti has launched a supplier finance offering. The service, called NetNow, has been added to Tipalti’s accounts payable solution.
Tipalti claims the accelerated funding process is “frictionless, with no change to cash flow, proceeds, or existing accounts payable processes.” Payees can choose on a payment-by-payment basis if they would like to take advantage of the offering.
“Supply chain financing is not a new concept,” said Chen Amit, CEO and co-founder of Tipalti. “However, the frictionless way we have enabled it is. We are proud to be the only accounts payables automation vendor who offers this program embedded directly within its platform for easy payer and payee adoption.”