- Tipalti, a San Mateo, CA-based global payables automation platform, acquired Approve.com, a cloud procurement solutions provider
- The amount of the deal, expected to close in early Q2 2021, not disclosed
- The deal will also enable Tipalti to expand its portfolio of financial operations offerings
- Together, the two companies will offer finance leaders advanced solutions to streamline manual processes and automate the entire Accounts Payable cycle from procurement through to payment
- Approve.com provides a cloud-based procurement solution that enables businesses to deploy a proper purchase order process
- The platform streamlines requisitions, approvals, real-time budgets, and vendor onboarding, while delivering real-time spend controls and insights
