At Tipalti, we believe you should focus on the importance and strategy of scaling your business rather than the minutiae of accounts payable logistics.
B2B PAYMENT ISSUES IN THE DIGITAL ECONOMY
We live in a fragmented world that depends highly on the effort of others. Innovative, fast-growing businesses rely increasingly on global suppliers to scale and succeed.
The effort to pay those suppliers efficiently, sometimes totaling hundreds or thousands of transactions per month, across multiple borders has hindered the ability for many of these digital economy companies to scale at will.
In short, today’s accounts payable processes and financial management technologies fail to truly streamline and automate the last mile of the procure-to-pay process.
TIPALTI SOLVES GLOBAL B2B PAYMENTS
Founded in 2010 by serial entrepreneur Chen Amit and underground VC Oren Zeev, Tipalti was created to address the difficulties associated with making mass global payments. In Hebrew, “tipalti” means “I took care of it,” which infuses the culture of the company to simplify complexity.
Tipalti’s supplier payments automation platform streamlines the way companies make payments to those critical to delivering goods and services – be it supply chains or crowds or 1099 contractors. Tipalti is a comprehensive cloud-based solution that unifies all phases of supplier payment workflow from vendor on-boarding and payment method selection to funds disbursement, while keeping the payer in full tax and regulatory compliance. Letting Tipalti take care of your payments means automating over 26,000 rules across the payment remittance process on a proven platform that serves over 600,000 payees and that processes over $2 billion in payments annually.
By focusing exclusively on the problem of managing supplier payment operations, Tipalti strategically positions innovative companies to scale accounts payable operations while also employing key best practices for reducing risk and improving compliance.
For your payees, whether they’re partners, suppliers, publishers, contractors, freelancers, or affiliates, Tipalti gives them unprecedented value by offering the choice of multiple payment methods, currency conversion, and automating communication about their payment status.
Anyone making over 100 supplier payments a month should consider:
What is the value of reducing my supplier payments workload by 80%, and what would you be able to do with that extra time?
Who We Are
Tipalti provides a supplier payments automation solution that makes it painless to pay suppliers around the world. Learn why the Digital Economy trusts Tipalti to serve over 600,000 payees and to process over $2 billion in payments annually.
CHEN AMIT Co-Founder & CEO
Chen is a veteran high tech executive and repeat entrepreneur. Prior to Tipalti, Chen was CEO of Atrica, a Carrier Ethernet company that Nokia-Siemens acquired. Before Atrica, Chen was co-founder and CEO of Verix, a provider of business intelligence software. At ECI Telecom, Chen founded their ADSL business unit and led it from inception to $100 million in annual sales. He earned a BSc from the Technion, Israel Institute of Technology and an MBA from INSEAD.
STEVE SOVIK Chief Revenue Officer
Steve Sovik brings over 24 years of sales leadership experience to Tipalti. Most recently, Steve ran global sales for Coupa Software where he led the company from early startup to the industry leader in spend optimization software. During his tenure, sales grew 5,000%. Prior to Coupa, Steve held a variety of executive sales management positions at Oracle, Siebel, and SupportSoft, leading sales teams focusing on CRM, ERP, and Supply Chain Manufacturing solutions. Steve began his career with Andersen Consulting where he served on a variety of consulting engagements with a primary focus on international banking. Steve holds a Bachelor of Science in Commerce Degree in Decision and Information Sciences from Santa Clara University.
ROB ISRACH CMO
Rob Israch brings over 15 years of marketing experience to Tipalti. Most recently, Rob served as VP, Global Marketing Programs at NetSuite where he led global branding, demand generation, and international marketing over the past 8 years, helping to guide the company through 10X+ revenue growth, from private company through IPO to cloud ERP market leader. Previously, Rob held a variety of marketing management roles at Intuit and GE. Rob earned a Marketing degree at University of Florida, Warrington College of Business.
ERAN KAROLY COO
Eran served as Tipalti’s VP Sales and Marketing from 2011 to 2013, increasing revenues 50 fold. Prior to Tipalti, Eran was VP Marketing at VeriWave, which was acquired by Ixia (NASDAQ: XXIA). Between 2000 and 2003, Eran served as VP Marketing for Ixia, where he built the product management, marketing, and support teams. He also held key marketing positions at Spirent Communications, and ECI Telecom. Eran holds a BSc from the Technion, Israel Institute of Technology.
ROBY BARUCH VP of Product Management
Roby is a serial entrepreneur with vast experience in the field of products and the internet industry. Prior to Tipalti, Roby was the VP Product of Snoox.com (a BBDO company), a social recommendations engine. Before Snoox, Roby was co-founder and VP Product of Cent2Cent, a content ecommerce platform who was later acquired by Unicell. Before founding Snoox, Roby worked at 888.com where he planned and designed their payment processing system, building a system that processed over $500M transactions annually. Roby served as an Officer at the prestigious IDF technological unit “Mamram”, where he fulfilled several leading positions. Roby holds a BA from the College of Management of Academic Studies.
IGOR VAINBERG VP R&D
Igor has been programming professionally since the age of 15. He has worked in many different fields in the industry, from programming embedded systems for fire alarms to writing mobile apps and AngularJS applications. Before Tipalti, Igor worked at mobile chat and communications provider Fring, where he helped develop the server side architecture for a VOIP and video call system to handle communications for millions of users. Before that, he was a developer/architect and team leader in the IDF’s intelligence corps. Igor holds a B.Sc. in Software Engineering from the Technion, Israel Institute of Technology.
OREN ZEEV Co-Founder & Chairman
Oren is a partner at Orens Capital. He has extensive experience investing in technology companies and, over the past decade, has focused on Internet applications and digital media. Prior to Orens Capital, he was a partner at Apax Partners. In addition to Tipalti, Oren serves on the boards of Houzz, Chegg, Infolinks, Duda Mobile, Younow and Crossrider. Past investments include Audible (acquired by Amazon), Wibiya (acquired by Conduit), Mobixell Networks, Butterfly (acquired by TI), Native Networks (acquired by Alcatel), Commtouch (IPO), Tescom (IPO), and Smartshopper (acquired by Zango). Oren holds a BSc Cum Laude from the Technion, Israel Institute of Technology, and an MBA with distinction from INSEAD in France.
BARRY MCCARTHYI nvestor
Former CFO of Netflix and Music Choice, Barry has served as a board member for Pandora, Eventbrite, Wealthfront, Chegg, and is now currently the COO of Cingle. He attended Williams College for his undergraduate career and received an MBA in finance from University of Pennsylvania, the Wharton School.
RICHARD SARNOFF Investor
Richard Sarnoff is a Senior Adviser for KKR, focusing on publishing, digital media, and education businesses. Until 2011, Mr. Sarnoff was Co-Chairman of Bertelsmann Inc. and President of Bertelsmann Digital Media Investments (BDMI). A long standing senior executive at Bertelsmann, Mr. Sarnoff served as CFO and EVP of Random House beginning in 1998. Later in the 2000’s, he established its corporate digital media investing arm, BDMI, and concurrently served as Chairman of the Association of American Publishers. Mr. Sarnoff graduated summa cum laude, from Princeton University in 1981 with a BA in Art and Archaeology, and earned an MBA from Harvard University in 1987. He serves on the Board of Directors of Activision Blizzard, Weld North, Ipreo, and Chegg.
