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HedgeFlows vs Tipalti

Global Payables Automation that helps you save & scale

Affordable alternative to Tipalti that works seamlessly with popular accounting and ERP systems.

Payment runs - AP automation for Xero, Dynamics or NetSuite
Easy integration with:
Xero AP Automation
Vendor payments for Business Central
Global payables and currency management for NetSuite
Multi-currency AP automation for quickbooks
HedgeFlows vs Tipalti

Compare cost of ownership side by side

 

Tipalti

HedgeFlows

AP Automation subscription

from £ 119

from £ 99

Implementation fees

GBP 3K+  (one-off)

None

Monthly allowances

N/A

100 Local payments

Local Transfer fees

£ 1 - 1.50 £ 1.0 (above allowance)

SWIFT Transfer fees

from £15.00 from £5.00

Foreign Exchange Fees

1.90% - 2.50% 0.25% - 0.50%

 

WHAT DO OUR CLIENTS SAY:

  • HedgeFlows is a real game changer for us. It's saved us loads of TIME and EFFORT, completely revolutionizing how we handle payments. Its user-friendly interface is loaded with features, making it easy to navigate and highly flexible.
    Mohammad
    Head of Finance, Vogacloset
  • After starting to use Hedgeflows recently, we have not only saved a huge amount TIME and EFFORT but also created a super slick process that has literally changed the way we do international payment runs forever!
    Chris
    MD, FirstPoint Logistics
  • HedgeFlows has made our weekly payment runs far QUICKER and EASIER, and is a great workaround to Xero's restrictions on only creating payment runs for GBP.
    Chris
    Accountant, Signify Technologies
  • It has made making non-GBP payments simpler and cheaper to do!
    It also helps recognise where we are exposed as a business to FX rates.
    Ben
    Finance Director, Champo
  • Managing FX and payments is ALWAYS tricky, but HedgeFlows really helps. Clearly putting the customer at the centre of the app - definitely a key part of the Xero tech stack
    Geoff
    Finance Director, Moteefe
  • We have been using Hedgeflows for almost 10 months now. Brilliant FX service with the sync with XERO works very well.
    Sean
    Accounts Team, TransferRoom
Feature comparison

How does HedgeFlows compare to Tipalti?

 

Tipalti

HedgeFlows

Approval Workflows

Flexible

Flexible

Multi-currency payment runs

Complex setup

Modern, intuitive workflow

Payment methods

Local, SWIFT, Checks & PayPal

Local & SWIFT

Accounting / ERP integrations

Typically 4-6 weeks Same day setup

Global payment coverage

196 countries 180 countries
Reconciliations to GL via Bank feeds Real-time via API
AI-powered capabilities  OCR, Fraud & Error detection OCR, Fraud & Error detection
Additional features & modules

Tax Compliance, Supplier onboarding, PO Matching, Spend management

FX Hedging, Open Banking, Cash Management, Cashflow planning

 

Seamless vendor payments

Cost-effective transfers, effortless payment runs

HedgeFlows makes paying vendor invoices and payroll in any currency simple and efficient. Select the invoices you want to pay, purchase the necessary foreign currencies, and fund them with a single transfer.

Our platform handles the rest. Payments are automatically applied to your chosen invoices, domestic and international transfers are processed seamlessly, foreign exchange gains and losses are calculated, and all transactions are accurately posted to your ledgers in real time.

No More time-sapping BANK TEMPLATES. 
No More clunky BACS FILES.
No more waiting for BANK FEEDs.
Xero international payments table

 

EXPERIENCE OUR TIME-SAVING PAYMENT RUNS IN 90 SECONDS

Revolutionise your payment process in any currency by connecting your system in minutes:

CASE STUDY

Moteefe logo
0%
Time saved
0%
Cost reduction

 

SUPPORTING FAST GROWTH WITH SUPPLIERS & STAFF WORLDWIDE

Moteefe is a rapidly growing e-commerce platform that specializes in selling customised merchandise through social media channels. As an international business, they face the challenge of making payments to suppliers and employees across the globe. Prior to adopting HedgeFlows, their payment processes were manual, error-prone, and time-consuming, involving multiple banks and complex reconciliations.

 

Validation
Bank account validation

Technology to prevent fraud and errors

Authorised Push Payment (APP) fraud is a growing problem. Every year, thousands of finance teams are tricked into sending money to criminals using fake or stolen identities. Our global bank account validation helps prevent payment fraud and manual errors.

Confirmation OF PAYEE
BANK ACCOUNT VALIDATION
FRAUD MONITORING & ALERTS

CASE STUDY

 

How ALICE saves hours EACH WEEK AS HER BUSINESS GROWS

 

"Being able to pull the invoices and pay them directly with HedgeFlows is great. It's not a challenge anymore. Feeding invoices back — I didn't know that was even a challenge, and now you guys do it for me!"

Hear more from Alice on how her team saves hours each week as they process 100s of invoices in multiple currencies:

 

From
£0
per month

Subscription includes 100 free local payments in GBP, USD and EUR.

HIGHLY COMPETITIVE
0%
Exchange Rate

Pay just 0.25% markup above the interbank exchange rate. Without any surprises. 

up to
0%
Time savings

Our clients save up to 80% of their time spent on payment runs when they use HedgeFlows.

Getting started

Transform how you manage vendor payments today:

1

SIGN UP TO HEDGEFLOWS

Sign up for free using your email address at app.hedgeflows.com/sign-up.

2

Connect your accounting system

Sync HedgeFlows with your ERP or accounting system in a few easy clicks.

3

REGISTER YOUR BUSINESS

Register your business to start saving time and managing finances with HedgeFlows.

Got a question? Here are some popular ones:

What invoices can I pay via Hedgeflows?

HedgeFlows makes paying domestic or international invoices from systems such as Xero, NetSuite or Microsoft Dynamics Business Central easy and faultless.  Once vendor invoices are authorised in your system, they appear in HedgeFlows, and you can simply choose the list of invoices you wish to pay.  You can fund your payment run from your trusted bank account, and we automatically process any optional currency conversions, make correct transfers, send remittance emails and reconcile back to General Ledger for you!

Do you have an approval process for payments?

Yes, HedgeFlows offers a customisable approval process with individual roles and limits to support your payment run needs.

How safe are payments and funds handled by HedgeFlows?

Independently regulated

Unlike many other payment automation software vendors, HedgeFlows is independently regulated by the FCA as a payment institution (FRN 1008699). This means that we adhere to the highest standards in safeguarding clients’ funds, aligning with the stringent protocols by which all banks and top fintech firms in the UK are regulated.

 

Named accounts and Safeguarded funds

When HedgeFlows handles client funds to process payments, we segregate them from our operational accounts and always keep them in clients’ named payment accounts. When funds are kept with HedgeFlows for more than one business day, they are safeguarded with authorised credit institutions (banks), meaning they are held separately and can only be used for payments as instructed by our clients.

Automated Sweeps to your Bank

HedgeFlows automates periodic sweeps of unused funds back to bank accounts. This means you can further reduce the risks of erroneous or fraudulent transactions by sweeping any unused balances back to your bank at the frequency of your choice - daily, weekly, or monthly.

Why is it safe to connect my ERP/account to HedgeFlows?

Unlike many other payment automation software vendors, HedgeFlows is independently regulated by the FCA as a payment institution (FRN 1008699). This means that we adhere to the highest standards in safeguarding clients' data and security policies, aligning with the stringent protocols by which all banks and top fintech firms in the UK are regulated.

Your client access is secure using the latest Strong Customer Authentication technologies, and our advanced role-based access controls help you easily assign team members the necessary access rights.

I have an external accountant, can they use HedgeFlows?

Of course, we are working with the leading accountancy practices in the UK already and are helping make foreign currencies simpler for thousands of small businesses in the country.  You keep control of the validation of foreign payments, while your accountant takes care of processing the invoices, cash management, and accounting tasks.

Are payment runs made straight from my bank account?

HedgeFlows offers a range of solutions to process your payments.  If your bank supports Open Banking services, you can rely on our robust payment initiation technology to make vendor payments straight from your bank by preparing your payment runs in HedgeFlows and securely authorising via Open Banking. 

Otherwise, you can also rely on our industry-leading payment infrastructure to process payments via your multi-currency payment accounts with HedgeFlows and simply fund them with a single transfer from your bank.

Contact us

Different question? Get in touch