Tipalti Ranked Among The Fastest Growing Companies in North America on Deloitte’s 2018 Technology Fast 500™
SAN MATEO, Calif.--(BUSINESS WIRE)--Nov 15, 2018--Tipalti, the leading global payables automation platform, today announced it was named on Deloitte’s Technology Fast 500 ™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Tipalti grew 303.5 percent over the 3-year time period that was judged. In 2018, Tipalti surpassed $5 billion in annual transactions with over 3 million suppliers onboarded on the platform.
Tipalti’s CEO, Chen Amit, credits Tipalti’s rapid growth to the clear market need for its transformative payables automation solution, its industry-leading customer satisfaction levels, and its passionate employees who are deeply committed to transforming the accounts payable and supplier payments space to enable finance teams to focus on more strategic work. He explained, “Businesses gain a unique edge in growth and scalability when they use the Tipalti platform because they are able to eliminate 80 percent or more of their finance workload spent managing the payables operation.”
“Congratulations to Tipalti on this impressive achievement,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “The Deloitte 2018 Technology Fast 500 winners are innovators who have converted their disruptive ideas into products, services and experiences that can captivate new customers and drive remarkable growth.”
“Software, which accounts for nearly two of every three companies on the list, continues to produce some of the most exciting technologies of the 21 st century, including innovations in artificial intelligence, predictive analytics and robotics,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and Industry Leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “This year’s ranking demonstrates what is likely a national phenomenon, where many companies from all parts of America are transforming the way we do business by combining breakthrough research and development, entrepreneurship and rapid growth.”
About Deloitte’s 2018 Technology Fast 500™
Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2014 to 2017.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
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 global 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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CONTACT: For Tipalti
Rene Musech, 415-610-7500
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT SOFTWARE PROFESSIONAL SERVICES FINANCE
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