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Payments company Tipalti acquires cloud procurement developer

Payments company Tipalti acquires cloud procurement developer
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Afternoon Coffee: White House supply chain summit; Amazon; etc

Adobe Stock Today, the White House is convening top executives from major companies and the government at a virtual summit to discuss the global semiconductor chip shortage that is disrupting many industries, especially automakers, according to Reuters. National Security Advisor Jake Sullivan and NEC Director Brian Deese will join the Secretary of Commece, Gina Raimondo, to discuss how to strengthen resilience of the American supply chain. Executives from some of the biggest manufacturing companies in the US will attend from firms like AT&T, Dell, Ford, General Motors, HP, Intel, Northrop Grumman, Samsung, Medtronic and others. The White House is calling the meeting the “CEO Summit on Semiconductor and Supply Chain Resilience. TSMC, the world’s largest contract chip manufacturer, received an invitation as well. Reuters reported that Deese said in a statement that the “summit reflects the urgent need to strengthen critical supply chains.”

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Tipalti Grows Revenue by More Than 85%, Increases Annualized Transactions to More Than $18 Billion

B2B fintech with $2 billion+ valuation accelerates employee growth, adds new executives San Mateo, CA, February 24, 2021 – Tipalti, the leading global payables automation platform, announced it grew its revenue by over 85% in Q4 2020 relative to Q4 2019. Tipalti continued its rapid growth surpassing $18 billion in annualized transactions in the second half of 2020, up from $11 billion in the first half of the year. The company grew its revenue and workforce rapidly, while maintaining its industry-leading 98% customer retention rate. Tipalti added 160 employees in 2020, bringing the total number of employees to over 400 globally. It plans to hire an additional 350 employees in 2021. Recent notable hires include the appointment of Doug Inamine as Chief Human Resources Officer (CHRO) and Amisha Gandhi as Senior Vice President of Marketing.

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Tipalti reports strong revenue rise

External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Tipalti reports strong revenue rise 26 February 2021 Source: Tipalti Tipalti, the leading global payables automation platform, announced it grew its revenue by over 85% in Q4 2020 relative to Q4 2019. Tipalti continued its rapid growth surpassing $18 billion in annualized transactions in the second half of 2020, up from $11 billion in the first half of the year. The company grew its revenue and workforce rapidly, while maintaining its industry-leading 98% customer retention rate. Tipalti added 160 employees in 2020, bringing the total number of employees to over 400 globally. It plans to hire an additional 350 employees in 2021. Recent notable hires include the appointment of Doug Inamine as Chief Human Resources Officer (CHRO) and Amisha Gandhi as Senior Vice President of Marketing.

United statesSouth koreaNamisha gandhiChen amitDoug inamineInfluencer marketing communicationsChief human resources officerSenior vice presidentHuman resourcesChief people officerVice presidentInfluencer marketingGlobal influencer marketingWorldwide saasSpend mattersCloud award best saas business accounting

Afternoon Coffee: Semiconductor executive order; Upwork, Tipalti positive

Adobe Stock President Joe Biden is set to sign an executive order Wednesday afternoon that will address the global semiconductor shortage, which is forcing US automakers and other manufacturers to cut production, according to Reuters. Administration officials said the executive order will launch a 100-day review of supply chains for four products: semiconductor chips, large-capacity batteries for electric vehicles, rare earth minerals and pharmaceuticals. The order will also direct six sector reviews in areas of defense, public health, communications technology, transportation, energy and food production, Reuters reported. The United States has been hit with many supply shortages since the onset of the Covid-19 pandemic. The chip shortage is the latest example of issues hurting American workers. This new order is a move for the White House to diversify the United States’ supply chains to avoid dependence for specific products like rare earth minerals from China, the a

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