This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Trada Enhances Global Payment And Compliance Processes Using Tipalti's SaaS Solution

AGOURA HILLS, Calif., April 2, 2013 /PRNewswire/ -- Trada, the world's first performance-based paid search marketplace, has partnered with Tipalti to optimize its global payment processes and streamline compliance. Tipalti, which provides a way for companies that use global crowdsourcing to quickly, affordably pay suppliers in 190 countries, enables Trada to fund its team of paid search experts worldwide and ensure compliance with Office of Foreign Assets Control (OFAC) regulations as it scales up to meet growing client demand. With Tipalti, Trada has eliminated time-consuming manual data entry and check-signing tasks while automating tax and payment reconciliation functions.

Trada offers groundbreaking performance-based paid search services to its global client base, assigning paid search experts from around the world to manage online marketing campaigns by matching experts with clients according to industry and marketing experience. Trada makes hundreds of payments each month to its global team. Before implementing the Tipalti solution, Trada found that making mass payments worldwide and complying with OFAC regulations was becoming more time-consuming and burdensome as the company expanded its network.

"Before we partnered with Tipalti, our process was to produce monthly reports, load the numbers into QuickBooks, print and manually sign checks," said Matt Harada, Vice President of Finance & Analysis at Trada. "We wanted to offer PayPal as well as ACH payments, but it was a tracking nightmare to maintain spreadsheets, match the numbers with various reports and deal with version control issues. When we looked for a better solution, we found Tipalti."

Working with Tipalti gives Trada an affordable, comprehensive SaaS solution that the company deployed by embedding a single line of code on its website. The company pays tens of thousands of dollars per month using PayPal and ACH channels, and working with Tipalti has enabled Trada to automate and streamline the payment process, from payee registration to payment and tax compliance, eliminating hours of manual processing each month and ensuring OFAC compliance. This gives Trada the ability to scale more quickly to meet growing demand.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,288.63 +155.93 0.86%
S&P 500 2,117.39 +12.89 0.61%
NASDAQ 5,008.0960 +44.5690 0.90%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs