Tipalti vs Bill.com vs Fyorin

Tipalti AP starts at 99 GBP / month, but additional features can be added on top of the monthly subscription. The cost of actually processing the cross-border payments through your bank connected to the platform should also be considered. Fees for Bill.com are lower, starting at 79 USD for AP & AR package and free Spend Management, however there are additional transaction costs. As with Tipalti, you also need to consider your bank's international payment fees. Fyorin's pricing packages can be customised to meet the needs of your business and provide you with cost-effective global payments along local payment rails, at the best FX rates.

Tipalti, Bill, and Fyorin all offer accounts payable automation solutions that streamline payments and eliminate manual work. Automating AP processes enhances efficiency and accuracy. These solutions are particularly beneficial for accounting firms, helping them handle accounts payable processes more effectively. With a 2-way-sync, they integrate with accounting platforms and other tools to centralise bills in one location, streamline approvals, streamline payments, and eliminate manual reconciliation. Payment reconciliation is streamlined to improve financial accuracy. The key difference lies in the details. Among the three platforms, Bill has the fewest integrations and no payment capabilities. In contrast, Fyorin allows you to pay in over 100+ currencies directly from the platform, rather than connecting your external bank or logging in.

Bill and Fyorin offer accounts receivable solutions with integrated accounting, the ability to create links and invoices directly from the platform, and the functionality to track payment progress. Bill and Fyorin differ primarily in the tools they integrate with - Fyorin offers a wider range of integrations than Bill. Conversely, Tipalti does not offer accounts receivable automation.

Bill, Tipalti, and Fyorin all provide expense management and cards. For better control and visibility of spending and elimination of out-of-pocket expenses, you can issue business and employee cards. The main difference lies in the costs and limits associated with the cards. Fyorin cards have a high out-of-the-box limit which is suitable for large purchases, come at 0% transaction cost and give you cash back every time you spend.

Unlike Tipalti and Bill, Fyorin offers businesses comprehensive 360-degree visibility into their cash position across all accounts and subsidiaries. With a single connection to nearly 5,000 banks worldwide, we centralise your financial data into one intuitive dashboard, providing real-time insights into spending and revenue across the entire organisation. Additionally, the rich underlying data can be exported or seamlessly synced via API with tools like Power BI, enabling advanced reporting and analysis.

Fyorin stands out from Bill and Tipalti through its exceptional diversification capabilities. With a single compliance and commercial process, businesses can access Tier 1 banks and establish a banking presence in over 200 countries- all from one unified platform. Funds remain secure with the underlying providers, while businesses can mitigate liquidity risk by spreading it across multiple institutions and 100+ currencies. A centralised dashboard offers real-time monitoring, enabling significant time and cost savings by eliminating the need to manage multiple banking relationships.