Tipalti acquires treasury platform Statement

Tipalti has acquired treasury technology platform Statement, aiming to add treasury to its comprehensive suite of finance automation solutions designed for mid-market businesses across accounts payable, global payouts, procurement, employee expenses, corporate cards, supplier management and tax compliance.

Transforming Treasury with AI

"I am excited to welcome Statement to the global Tipalti team and to accelerate our treasury capabilities with powerful AI innovation for finance teams around the world," said Chen Amit, CEO and Co-founder of Tipalti.

"For many global businesses in today's economy, getting complete and instant cash flow visibility across bank accounts, systems, entities, and currencies is very complex. Together, we have a unique opportunity to evolve our customers' treasury operations into a key business driver, empowering them to take control of their cash flow and maintain real-time visibility of their business finances. This addition to our finance automation suite furthers our mission to elevate how finance teams operate in the global economy."

"We are thrilled to join a global leader like Tipalti. We have a shared vision for transforming finance operations so our customers can focus on their business," said Idan Vlodinger, CEO and Co-founder at Statement.

​"Innovating in treasury with AI-driven automation has been our sole focus since day one. Our AI-native solution complements the Tipalti suite with capabilities to help businesses manage cash with ease. With Tipalti's global scale, we will be able to help more customers streamline complex cash management processes, optimize liquidity, and forecast cash flow with more confidence."