08 AUG 2024 / M&A UPDATES

CohnReznick Joins Forces with Tipalti

- MYCPE ONE Insights Team

Summary

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Advisory, assurance, and tax firm CohnReznick LLP has announced a strategic alliance with Tipalti, a leader in finance automation. The collaboration aims to modernize organizations' payables processes and fraud prevention through automation technologies, potentially reducing operational costs and mitigating risks.

New York, NY – August 6, 2024 – CohnReznick LLP, a prominent advisory, assurance, and tax firm with FY24 net revenue of $1.05 billion, has announced a strategic alliance between its Digital Advisory practice and Tipalti, a global leader in finance automation. This partnership aims to empower organizations to streamline payables processes, enhance fraud prevention, and drive efficiency through cutting-edge automation technologies.

The collaboration leverages Tipalti’s advanced platform to transform accounts payable and mass payments operations. By implementing features such as branded payee portals and proactive fraud prevention, CohnReznick clients can simplify and secure their global payment processes while reducing costs and mitigating risks.

“As we continue to advise our clients on ways to drive efficiency through digital automation strategies, we are delighted that we can now offer the Tipalti platform to them,” said Shawn Gilronan, Principal and Digital Advisory Leader at CohnReznick. “Most organizations currently spend significant time and resources managing global payment processes manually. The Tipalti platform will enable them to automate payables operations while mitigating fraud and compliance risk, enhancing their ability to focus on critical growth initiatives.”

This alliance underscores the shared commitment of CohnReznick and Tipalti to innovation and client success. Together, the firms will provide organizations with tools to:

• Streamline global payables

• Reduce operational costs

• Redirect resources to growth-focused initiatives

• Strengthen fraud prevention and compliance measures

“We’re thrilled to team with CohnReznick to help more companies streamline their payables processes,” said Zach Svendsen, Vice President of Alliances at Tipalti. “This collaboration bridges the gap between people, processes, and technology, delivering greater value quickly and efficiently. Leveraging technologies like AI, organizations can automate manual processes, freeing up resources for mission-critical challenges and setting a strong foundation for long-term financial transformation.”

Until next time…

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CohnReznick Joins Forces with Tipalti

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