Tipalti strengthens its ‘accelerated growth’ capacity

Global accounts-payable and automated auditing software provider Tipalti has announced that it has surpassed $6.5 billion in annual transactions.

The technology group continues its strong commercial momentum, as in the second half of 2018, Tipalti platforms’ more than doubled in new customer sign-ups and business accounts.

Tipalti’s accelerated growth was recognised by its inclusion in the ‘Deloitte Technology Fast 500’ index for 2018, recognising the fastest growing tech enterprises operating within media, telecommunications, sciences, and energy sectors.

Detailing further growth dynamics, Tipalti boasts that it maintains a customer retention level of +98%.

Aiding its future growth strategy, Tipalti has moved to strengthen its executive leadership team with the appointments of Todd McGuire as General Manager of Supplier Success and Perla Stoeckert as Chief Compliance Officer.

Todd McGuire joins Tipalti from Worldpay, where he was the Chief Transformation Officer at Worldpay US, responsible for delivering and embedding transformational change as well as overall divisional performance, strategy, and M&A.

McGuire’s new role at Tipalti is focused on helping customers improve their supplier experience and maximising the impact of their payables operation success.

Perla Stoeckert holds more than 15 years of experience in financial services having served in executive global roles in risk and compliance at OFX, FXCM, and Commonwealth Foreign Exchange (MoneyCorp).

Stoeckert has managed risk and compliance operations across Asia, Australia, Canada, Europe, the Middle East, the U.K., and the U.S and has worked with firms engaged in online payments, funds transfers, foreign exchange and deposit operations.

Chen Amit, CEO and co-founder of Tipalti spoke of the companies excitement about the additions to the boardroom.

He said: “We are proud of our leadership position in the global payables automation market, which is transforming the traditional accounts payable functions into lean operational centres of excellence for financial organizations looking to scale and expand globally.

“This is crucial for high-growth businesses that need to eliminate financial operations complexity, so they can focus their talent on accelerating innovation and competitiveness.”

Tipalti grew its employee headcount by more than 50% in 2018 and plans to grow by over 50% again in 2019 in both the California and Israel offices.