November 2024 release
Major announcements
We’re thrilled to introduce the Smart Report Builder, a new Tipalti AIArtificial Intelligence feature that lets you create custom reports effortlessly using AI without needing to contact your Tipalti Admin.
Smart Report Builder is currently available in English only.
It supports reports for Procurement and Bills. Payment data is coming soon.
Not supported for original procurement experience, but customers will have access to it when migrating to enhanced procurement.
In Reports, simply enter your request, and the Smart Report Builder analyzes your data in the Tipalti Hub, finds what you need, and swiftly compiles a report. For example, you can request a report showing how many purchase requests were approved over the last 3 months. You'll then receive a preview to make necessary adjustments and can save it as a custom report. Revisit the custom report anytime to update the date range and view the latest information. Your report is ready for download in just one click.
General announcements
We’re pleased to introduce the User Permissions report. You can now download a report showing your users' Tipalti Hub permissions without contacting your Tipalti Admin.
The report is available in two versions — by clicking on Current in the report popup, you’ll get a snapshot of your users' current permissions and when they last logged into the Tipalti Hub, or by clicking History and then inputting either a date range or a specific month, a more comprehensive version that shows all the permissions users had throughout that date range. The report also highlights changes to permissions and the person who made them.
You can download user permissions history from as early as November 20, 2024.
You can use the report for auditing and regulatory purposes to ensure compliance and gain more visibility into users’ permissions, roles, and changes (when you select History). The User Permissions report is accessible via the Reports tab in the Tipalti Hub.
Employees approving bills in Home can now open a bill in their to-do list and review it in a simplified version of the new invoice review screen, benefitting from greater functionality and convenience. This special version was created for employee bill approvers, extending an optimal experience for them and making it easier to review invoices from Home.
Previously, you could only review invoices from Home in the original invoice review screen.
You can now map Microsoft 365 Business Central (BC) project and task fields with Tipalti. Tipalti displays them as custom fields.
This helps you allocate invoices more accurately to different projects, enhancing financial accuracy and reporting.
Indonesia-based payees can now add a SWIFTSociety for Worldwide Interbank Financial Telecommunication code in the iFrame to ensure successful local bank transfers.
Previously, payees could only add their bank and branch codes as their payment details for local transfers, which were challenging to match with the bank and caused payment rejections. In Indonesia, each bank follows its own format—there’s no standard code format across the local banks.
To support this, we’ve created a new optional field in the iFrame/ Supplier Hub to enable Indonesian payees to add their SWIFT code.
In last month’s release, we announced that Enhanced Virtual Accounts could support incoming payments for non-Calfornian US payers. Now, if you have multiple entities, you can open an Enhanced Virtual Account for each entityAn entity can be a subsidiary, division, business unit, brand, etc. of your organization. Entities can have similar or different AP processes and workflows. and benefit from seamless deposits, incoming payments from third parties, and more. In addition, payments are automatically screened against OFACThe Office of Foreign Assets Control (OFAC) enforces sanctions and protects against narcotics traffickers, terrorists, etc. sanction lists to confirm that the 3rd parties are not on its sanctions list to ensure compliance.
Contact your Tipalti Onboarding Manager to request this feature.
Additional updates
If you don’t add a display name when you create a Virtual Account, we now give your account a default name to help you easily differentiate between your different Virtual Accounts. The default display names are automatically added based on your settings during implementation. You can change them anytime.
In the new procurement experience, you can now delete any purchase request drafts you made, keeping you organized and removing any drafts you don’t need.