TEL AVIV, Israel, June 30, 2016 /PRNewswire/ -- Tipalti (http://www.tipalti.com), provider of the leading supplier payments automation platform, has been selected by leading app discovery company ironSource (http://www.ironsrc.com) to automate their global supplier payment processes.
With tens of thousands of supply partners - among them app developers, mobile carriers, and device manufacturers - around the world, ironSource manages complex operational processes around building and growing a robust, loyal network. In addition to the challenge of paying partners and clients in their preferred payment method and local currency of choice across regions, the ironSource finance team had to handle issues related to onboarding new partners, collecting tax IDs, communication of payment status to partners, and conducting payee and payment reconciliation reporting.
For companies like ironSource who offer robust monetization solutions for diverse partners, continued and scalable growth across geos, devices and platforms can be hindered by inefficient manual payment processes. By offering an efficient and reliable solution to automate global payments to partners, Tipalti enables companies like ironSource to dedicate resources to innovation and growth-related initiatives as opposed to accounts payable processes.
"ironSource has always been driven by a commitment to help our partners achieve greater business success. Optimizing and automating the payment process for them with solutions like Tipalti is one critical part of that," said Eran Weizel, VP Finance, ironSource. "We've experienced extraordinarily rapid growth over the last few years, and Tipalti's payment automation solution has helped ensure we could keep up with that growth and scale efficiently."
Increasingly, monetization platform companies are adopting Tipalti's cloud payment automation platform to streamline their entire supplier payments operation. This allows them to pay their global partners with minimal effort while enhancing the complete payment experience and strengthening financial, tax, risk, and regulatory compliance safeguards.
"Digital startups are where Tipalti was born from and a segment that continues to grow in prominence in our global economy. We are pleased to support leading companies like ironSource as they continue to disrupt their industries and surpass their competition," said Chen Amit, CEO and co-founder of Tipalti. "No fast-growing company should focus valuable resources manually managing the partner payment process. Tipalti has successfully simplified that entire supplier payments operation with our holistic cloud solution, and that is why the world's leading and most innovative monetization and digital economy companies continue to standardize on our solution."
About Tipalti: Tipalti is the only supplier payment automation solution to streamline all phases of the payment management workflow in one holistic cloud platform. Tipalti makes it painless for finance departments to manage their entire supplier payments operation. The solution addresses everything from payee onboarding and vetting, to tax and regulatory compliance, payments to suppliers anywhere in the world in a wide range of payment methods and currencies, supplier payment status communications, to closing the loop with payment reconciliation and reporting.
Innovative companies use Tipalti to eliminate up to 80% of their supplier payment workload, helping them scale their business efficiently with global growth, while ensuring strong financial and compliance controls are in place and while enhancing the partner payment experience. That's why companies like GoDaddy, Chartboost, PulsePoint, Disqus, Visually, Touch of Modern and hundreds of others trust Tipalti to elevate their supplier payments operation.
About ironSource ironSource is the world's largest app discovery platform, connecting people with apps across different devices and touchpoints. At the core of the company is ironSource Connect, one of the only multi-touchpoint data platforms in the world, which analyzes data from almost over 800 million people every month. Using this data-driven technology, ironSource provides mobile developers, carriers, device manufacturers, and brands tailored products to better understand and communicate with their customers. In 2015 ironSource merged with Supersonic to create the world's largest independent platform for mobile monetization, analytics and distribution. Founded in 2010, ironSource is a truly global company, with offices in Tel Aviv, London, New York, San Francisco, Beijing, Bangalore and Seoul.