- Tipalti launches its localised finance automation solution for Canada and registers as a money services business (MSB) with FINTRAC.
- The company expands its Canadian operations, supporting over 100 customers with automated accounts payable and global payments solutions.
What happened: Tipalti expands market with tailored finance automation solutions.
Tipalti, a global leader in finance automation, has announced the launch of its localised solution for the Canadian market, along with its registration as a money services business (MSB) with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). The company’s expansion into Canada follows the opening of its Vancouver office in 2020 and its Toronto office in 2022, marking significant progress in supporting Canadian businesses. The Canadian workforce now exceeds 300 employees, and Tipalti serves over 100 local customers. This launch enhances Tipalti’s ability to provide automated accounts payable and global payables solutions, which cater to the increasing demand for streamlined financial processes. The solution is designed to meet the unique needs of high-growth companies, including support for local bank transfers and Electronic Funds Transfer (EFT), which simplify supplier payment workflows.
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Why it’s important
This expansion into Canada comes at a time when demand for efficient financial automation is at an all-time high. Nearly 60% of Canadian finance leaders cite manual workflows as a barrier to strategic work, while an additional 40% report that inefficiencies are leading to lost productivity. Tipalti’s tailored solution for the Canadian market aims to address these challenges by offering automated solutions that significantly reduce operational friction. With its local bank transfer capabilities and support for Electronic Funds Transfer (EFT), Tipalti is able to help Canadian businesses increase scalability and improve financial operations. The timing of this launch aligns with Canada’s projected economic growth in 2025, providing businesses with tools to stay competitive in a rapidly evolving market. Tipalti’s localised approach ensures that Canadian businesses have access to the same level of financial automation enjoyed by global enterprises, driving further growth and operational efficiency.
