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Tipalti adds accounts payable tax compliance support for Argentina and Brazil suppliers

GRC Announcements | September 12, 2016

Tipalti, a global supplier of payments automation, has extended its accounts payable tax compliance capabilities to help companies collect and validate tax IDs from their suppliers in Argentina and Brazil. Businesses engaging with suppliers and partners in those countries can now ensure tax compliance by recording tax information for those payees. In addition, by validating a supplier’s tax information, it can reduce the risk of fraudulent payments to those countries.

Through Tipalti’s secure self-service portal, suppliers provide their contact and banking information. Supplier data is validated using over 26,000 global remittance rules to eliminate payment issues and suppliers then also provide their tax identification in order to be payable. That data is validated and stored for the payer and accessible at any time, from anywhere through Tipalti’s cloud platform.

Accounts payable tax compliance capability is seamlessly integrated...

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