Tipalti, a California-headquartered provider of global finance automation solutions for mid-market companies, has acquired Statement, a New York-based AI-native treasury automation company.

The acquisition enhances Tipalti’s platform with expanded treasury capabilities, including real-time cash visibility, reconciliation, and forecasting across multiple bank accounts, currencies, and entities.

Tipalti, founded in 2010, supports businesses in streamlining complex financial operations such as accounts payable, global payouts, procurement, employee expenses, corporate cards, supplier management, and tax compliance.

The company serves mid-sized businesses that are often underserved by legacy enterprise software and face growing pressure to scale efficiently.

Statement has developed a treasury management solution that leverages AI and machine learning to automate cash position aggregation, generate forecasts, and extract insights from systems including banks, ERPs, billing tools, and databases.

Its platform integrates with over 3,000 banks and major ERP providers, helping finance teams to manage treasury operations with improved speed and accuracy.

“The acquisition of Statement is another important moment for Tipalti and our customers,”

said Chen Amit, CEO and Co-founder of Tipalti.

“Statement’s powerful treasury capabilities address some of the most time-consuming and manual pain points in finance today, cash visibility, cash reconciliation, and cash forecasting across bank accounts, entities, and currencies.”

As businesses expand globally, treasury teams are increasingly required to manage complex cash operations and make real-time financial decisions.

Despite this, many continue to rely on manual processes to consolidate and track cash flow.

“They have reimagined legacy treasury operations for modern businesses and brought advanced functionality to mid-market customers,”

Amit added.

“Their AI-native, product-led, and agile approach is aligned with our DNA.”

The move marks Tipalti’s second major acquisition, following its 2021 purchase of procurement automation firm Approve.com.

The addition of Statement supports Tipalti’s ambition to provide an AI-powered, end-to-end finance automation platform.

Statement Treasury is now available as a standalone solution to Tipalti customers, with full integration into the Tipalti platform expected in the coming months.

Statement will continue operating independently, with existing customers maintaining uninterrupted access to its services while gaining the benefits of Tipalti’s broader capabilities and global infrastructure.

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