SAN MATEO, Calif., Nov. 16, 2016 /PRNewswire/ -- Tipalti (http://tipalti.com), provider of the leading supplier payments automation platform, has announced the appointment of Manish Vrishaketu as Chief Operating Officer, bringing over 18 years of extensive payments and fintech experience to the company. The company also announced that it is has moved its headquarters to a new larger office in San Mateo CA.
Vrishaketu will be responsible for establishing and maintaining key banking and payment partnerships, while leading Tipalti's global customer success, client onboarding, payment operations and support organizations. Most recently, Vrishaketu served as President of Americas at GoSwiff, a leader in mobile payments in emerging markets and prior to that, he was VP of Business Development and Product Strategy at Fiserv leading new market expansion initiatives in business to consumer (B2C) disbursements, bill payment and other electronic payment categories. Before Fiserv, Vrishaketu served as General Manager of CashEdge, a consumer and business payments technology provider to banks, where he introduced leading consumer applications to money movement and risk management and led their India division. During his tenure, the company grew its revenue tenfold, processing over $50B in payment volume annually, before it was acquired by Fiserv.
"Streamlining the complexities of B2B cross-border payment remittance has increasingly become a critical challenge for businesses of all sizes and an obstacle to growth and business productivity," said Chen Amit, Co-founder and CEO of Tipalti. "Manish's unique success building relationships with blue-chip banking and financial providers, deep knowledge of the global payments industry and his 'build-to-scale' philosophy will enhance Tipalti's position as the market leader in supplier payments and accounts payable automation."
Vrishaketu joins the company at its new San Mateo headquarters, which triples the company's office space from their previous Palo Alto location to handle its continued growth trajectory.
"Tipalti has grown exceptionally over the last year, so much so that we need a bigger space to keep with the new additions and planned hires to our sales, marketing and operations teams," added Amit. "As more businesses learn of Tipalti's unique ability to enable true cross-border B2B payments and AP automation, we will continue to expand the company to keep up with this high demand."
Tipalti is the only supplier payments solution to automate all phases of the supplier payments workflow in one holistic cloud platform.
Tipalti makes it effortless for accounts payable departments to manage their entire global supplier payments operation. The solution addresses everything from payee onboarding and vetting, tax and regulatory compliance, invoice processing, cross-border payments to suppliers anywhere in the world in a wide range of payment methods and currencies, proactive supplier payment status communications, to enterprise-grade financial controls, payee and tax reporting, and closing the loop with real-time payment reconciliation.
Finance organizations use Tipalti to eliminate up to 80% of their supplier payments workload while helping them scale their business efficiently. Tipalti allows organizations to strengthen AP financial and compliance controls and accelerate payment reconciliation cycle times, while improving supplier relationships through an enhanced supplier payment experience. That's why companies like GoDaddy, Eventbrite, GoPro, Vimeo, Zumba Fitness and hundreds of others trust Tipalti to elevate their supplier payment operations.