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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV