FinTech Magazine - December 2021 | Page 74

AUTOMATION CASE STUDY
PAYMENT SOLUTIONS

AUTOMATION CASE STUDY

Rob Israch , GM Europe , at Tipalti , tells us about how automation has helped scale Hopin “ The event technology platform Hopin is one of Europe ’ s fastest growing start-ups . It launched in June 2019 and was valued at $ 7.75bn just two years later . It has seen tremendous growth as it helps customers host immersive virtual , hybrid and in-person event experiences .
For the company ’ s finance team , this meant needing to process a huge volume of international payments , initially in a time consuming , manual and complicated manner including manually selecting the correct currencies . Knowing it needed to automate in order to gain the visibility and overview needed to help sustain and scale the company ’ s growth , the team at Hopin worked with Tipalti to cut out manual intervention and future-proof processes . This meant being able to bring invoice processing back in house , while the multientity setup provides complete visibility across operations .”
Melissa Richards , Senior Accounts Payable Analyst at Hopin , “ Our workflow is quick and easy with all our payment processes in one central location - the days of juggling different systems and exporting files are long gone – we have no manual intervention . With automated accounts payable , we can continue to scale and not have to add more headcount to keep up .”
74 December 2021