Tipalti, an AI-driven platform for financial automation, has recently made a strategic move by acquiring Statement, a leading AI-powered treasury automation solution.

Following this acquisition, Tipalti is expected to integrate optimised real-time cash intelligence capabilities into its offerings. This will enhance the visibility and insights of cash flow while providing more accurate forecasts through advanced artificial intelligence.

With the addition of Statement’s solution, Tipalti aims to offer a comprehensive suite of finance automation tools tailored for mid-market businesses. These include accounts payable management, global payouts, procurement processes, employee expenses, corporate cards, supplier management, tax compliance, and treasury operations.

More on Tipalti’s Acquisition of Statement

According to the official press release, Statement’s AI and machine learning technologies are designed to automate and streamline cash position visibility, cash flow forecasts, and cash insights across various platforms such as banks, ERPs, billing tools, and databases. By doing so, financial institutions can optimise their working capital, improve liquidity, and ensure accurate forecasts.

The integration of Statement is anticipated to transform treasury operations into a key business driver for customers, enabling them to gain real-time visibility into their finances. This move supports Tipalti’s strategy to enhance the efficiency and effectiveness of finance teams in today’s dynamic global economy.