With the integration of Statement’s technology, Tipalti plans to deepen its treasury functionality and provide more accurate insights into cash flow visibility and forecasting. The AI-driven solutions will streamline various financial processes for mid-market businesses, including accounts payable, global payouts, procurement, employee expenses, corporate cards, supplier management, tax compliance, and treasury.
Optimizing Cash Management Processes
According to the press release, Statement’s advanced AI and machine learning capabilities are designed to automate cash position visibility, cash flow forecasts, and detailed insights across diverse platforms such as banks, ERPs, billing tools, and databases. These technological advancements will enable financial institutions to optimize working capital, improve liquidity, and ensure more accurate forecasts.
The acquisition is also expected to empower customers to maintain real-time visibility of their business finances, making treasury operations a key driver in their business strategy. By integrating Statement’s technology into its platform, Tipalti aims to further refine finance team operations within the global economy while ensuring compliance with relevant regulations and laws.