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Tipalti is a finance automation platform that has been around since 2010. As a tool, Bill.com makes managing payables easy, sends payments via different channels seamlessly, and checks purchaseorders to confirm the validity of each incoming invoice. But “What does Bill.com do?” ” you ask.
A classic example is the flash crash instigated by Navindar Singh Sarah in 2010, in which insider trading caused a sudden 36-minute stock market crash worth $ 1 trillion. Insider Trading: Employees use privileged information to manipulate stock prices or engage in illegal trading activities for personal profit.
This way, automation software can retrieve data such as invoices and purchaseorders from other accounting systems, process them and then update the information in the external accounting platform. This means your invoices, receipts and purchaseorders are read and processed without the painstaking effort of manual entry.
I cannot pay payroll with your hopes and dreams, your purchaseorder, your good meeting. That we might look back at 2010, '18, '19, even '20 as the good times and that the future '23, '24, '25 might be rising interest rates, recession, it might be inflation all in the same stew. The only thing I can make payroll with is cash.
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