At its annual Illuminate Conference, Tipalti revealed the significant expansion it has achieved across the globe. It now has more than 2,500 customers and more than 1,000 employees worldwide to support them and power further growth. In the last year, it has added 300 alone.
European success leads to promotion for Israch
Some of that growth has come in the UK, where from a standing start, it now has over 100 customers in the business unit that was only set up in October 2021. Rob Israch, General Manager Europe, who has led the global expansion, is now promoted to President. He is also continuing the expansion across Europe by opening a new office in Amsterdam, The Netherlands, which will focus on growth in the Benelux region.
Israch commented: “For more than eight years, I’ve had the pleasure of being a part of a leadership team at Tipalti that is dedicated to delivering best-in-class solutions for finance teams across the globe. As I embark on my new role, I’m looking forward to continuing this incredible momentum, and helping to strategically guide Tipalti as we lead the industry with cutting-edge offerings that free finance to lead modern business.”
Israch has proven his worth since moving from NetSuite to become Chief Marketing Officer and led the expansion in Europe. His new role as President is a recognition of his success, and as the company grows, enabling him to boost its fortunes further.
Chen Amit, CEO and co-founder of Tipalti, commented: “The first half of 2022 has already been fortuitous for Tipalti – from the expansion of our customer base and internal team to the awards we continue to accrue. In response to this substantial growth, we recognized the need to further align our executive team in order to take on new opportunities. With Rob serving as Tipalti’s first president, we will be well-positioned to improve our customer and prospect experience and accelerate the global growth of our company. Equipped with Rob’s industry expertise, I’m confident that the best at Tipalti is yet to come.”
Customer and employee growth
Over the last few months, Tipalti has added a wide range of customers, including Consumer Cellular, Wizeline, Inc., Carbon Health, Hyperfine and TangoMe
Fred Mooney, Director of Accounting at TuneIn, another customer, is an advocate: “One of the reasons why we chose Tipalti is because it allowed us to have a lot more flexibility. Before Tipalti, the only choice we had for our international partners was wire payments. With Tipalti, all of our revenue partners can now choose how they’d like to be paid.”
Besides Israch’s promotion, Tipalti also revealed that it hired Tania Shah as its first Director of Diversity, Equity, Inclusion and Belonging (DEIB). After only joining in May, Shah is now the Global Head of Diversity and Social Impact. She aims to create connections and belonging for all employees.
The company also announced two further promotions. Todd McGuire became Chief Human Resources Officer to develop and execute Tipalti’s global HR strategy. Paul Henderson became Chief Accounting Officer.
Product
Tipalti continued to develop its platform and was recognised by Trust Radius as a “Top-Rated Accounts Payable Software”. Recent enhancements include Bill Talk and Bills Docs, improving stakeholders’ collaboration with synchronous and asynchronous messaging features. The Tipalti PO Management capability also achieved ‘Built for NetSuite’ status. This certification gives NetSuite users the confidence that the end-to-end procurement experience that Tipalti provides works seamlessly within their NetSuite environment.
Enterprise Times: What does this mean
Momentum is important, and Tipalti has a steady growth trajectory for its solutions that shows no sign of slowing. The company recently received an $8.3 billion valuation, which must be rising. While Tipalti integrates with most ERP solutions, its relationship with NetSuite is important. NetSuite has an impressive growth trajectory itself, and while it is successful, Tipalti is likely to continue growing. The combination works well with Tipalti helping to solve the challenges faced by AP teams worldwide. There was little around revenues and actual growth percentages, though. However, it continues to invest in expansion within Europe at a time when some firms are reconsidering expansion is noteworthy.
Israch’s promotion to President is a recognition of what he has achieved for the company. Is this part of a succession plan? Is Amit considering stepping aside? On the other hand, Israch has proven himself as a successful growth leader. Could he be lured away to another CEO role if he continues his success?
