Tipalti Chief Customer and Operating Officer Manish Vrishaketu said in the announcement that Acuant comprehended its need for automation and addressed its fast-growing business with safe and “user-friendly technology.”
“They listened to our requirements and delivered a product that exceeded our expectations in operating more efficiently while meeting our customers’ compliance needs,” Vrishaketu said.
Tipalti assists thousands of entities in paying more than 4 million vendors each week, leading to the handling of tens of thousands of transactions. The need to vet each transaction at that high a volume throughout a wide range of clients required much effort, the announcement noted.
A number of essential business functions of Tipalti were lengthy in duration and necessitated in-depth financial reporting before the company’s collaboration with Acuant.
“We were very pleased to be the standout choice for Tipalti when it came to solving their problem, and we are excited for their growth and our continued relationship to fight fraud together,” Acuant President and CEO Yossi Zekri said in the announcement.
The Trusted Identity Platform of Acuant fuels trust for every vertical with automated identity verification, digital identity and regulatory compliance offerings, according to the announcement.