Market Overview

Tipalti Announces Partnerships With Vindeo, Teampay, and Sovos

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Tipalti,
the leading global payables automation platform, today announced new accounts
payable partnerships
to help advance the modernization of finance
operations. These include Vindeo,
an invoice financing and payroll funding solutions company, Teampay,
a creator of virtual debit cards for business purchasing, and Sovos,
a global leader in tax and business-to-government compliance software.

Vindeo provides businesses with lines of credit through invoice
financing. With over 25 years of experience financing companies, Vindeo
was one of the first funds offering solutions for middle market payers.
Vindeo is a strategic lender for Tipalti's early
payments
automation solution, allowing businesses to easily offer
early payments to their suppliers with minimal effort, while achieving
industry-leading offer acceptance rates without impacting their own
working capital.

"As a part of this partnership, we utilize Tipalti's white-labeled
payables automation capability to further streamline our clients'
invoice funding processes, which in turn further expedites the
experience for their payees," explains Paul DeLuca, Co-founder at
Vindeo. "White-labeling Tipalti and using its services on our back end,
as well as expanding in EP lending as an asset class, has helped us to
significantly better serve our customers."

Teampay helps finance teams request, approve, and track purchasing in
real-time. By partnering with Tipalti, Teampay's customers will be able
to extend their solution to further streamline their supplier onboarding
and payment operations as they grow.

"We are pleased to have developed a relationship with Tipalti to help
our clients better scale their global supplier payment processes," says
Andrew Hoag, CEO at Teampay. "Tipalti is a critical piece of the
equation to solve our clients' needs to control purchasing across the
entire organization."

Sovos is a tax compliance software company that works with companies
with complex tax needs. Sovos and Tipalti are complementary services
that, when joined together, help better service their joint clients by
enhancing Tipalti's tax compliance offerings and expediting Sovos'
services.

"Governments have gone digital, adding complexity to tax compliance and
imposing new rules on data ownership, forcing businesses to adopt a new
approach," says Andrew Chi, Global Vice President of Alliances at Sovos.
"Through the Tipalti-Sovos partnership, businesses can adapt quickly by
utilizing our nimble software platforms, facilitating an end to end
solution for 1099 and 1042-S reporting. By utilizing Tipalti for the tax
data collection and validation, and Sovos for reporting and
distribution, businesses can streamline the compliance process and
eliminate the pressure of these new complexities."

"As companies grow and transform, they need to modernize their finance
operations to transition AP from a cost-center to a profit-center, while
reducing tax, fraud, and regulatory compliance risk exposure. We are
thrilled to partner with Vindeo, Teampay, and Sovos to further transform
accounts payable processes and give our joint customers a best-in-class
AP and supplier payments operation," said Chen Amit, CEO and co-founder
of Tipalti.

For more information, visit https://tipalti.com.

About Tipalti:

Tipalti
is the only payables automation solution to streamline all phases of the
accounts payable workflow in one holistic cloud platform. Tipalti makes
it painless for finance departments to manage their entire AP and
supplier payments operation. Leading companies use Tipalti to eliminate
up to 80% of their supplier payments workload, helping them scale their
business efficiently with global growth, while strengthening financial
and tax compliance controls. Hundreds of companies trust Tipalti to
transform their supplier payment operations including Amazon, Roku,
Zumba, Docker, Twitter, GoDaddy, and Vimeo.

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