SAN MATEO, Calif.--(BUSINESS WIRE)--Jun 24, 2020--
Tipalti, the leading global payables automation platform, today announced it has successfully streamlined mass payments and AP capabilities for several gaming customers including DLive, a live streaming platform, Gen.G, a leading esports operation, and Holy Fire Games, an independent PC game developer.
With many people staying home amid COVID-19, the gaming industry has seen increased engagement and revenue as people seek social interaction and entertainment. Gaming businesses looking to rapidly scale to meet this demand need advanced payments technology that is globally-aware to ensure a best-in-class payment experience for their payees.
DLive’s streaming platform is built on blockchain technology that empowers creators and viewers through a revolutionary reward system. Tipalti has helped DLive focus on their mission, by helping them execute international payments to content creators all over the world. “As a content-sharing platform, it is one of our main goals to make sure that our content creators get rewarded fairly for their contributions,” explains Charles Wayn, Founder & CEO at DLive. “Tipalti makes it seamless for DLive content creators all over the world to get paid without issue.”
Gen.G owns and operates gaming teams in the United States, China, and South Korea. Its highly-skilled teams compete in some of the world’s biggest esports competitions.
“Partnering with Tipalti has added greater efficiency to our accounts payable process,” says Arnold Hur, COO at Gen.G. “As a growing esports organization, it is essential for our invoice processing and approval routing to be streamlined, and Tipalti has made that possible.”
Holy Fire Games
Holy Fire Games created the popular online gaming platform Gazpo.io. Gazpo.io allows players to compete against each other in games from a variety of genres. Players can enter free tournaments, win gems, and redeem gems for cash. “Before partnering with Tipalti it was a days-long, back-and-forth process to manually onboard one payee,” explains Bobby Baker, CEO at Holy Fire Games. “Now our ambassador satisfaction has increased and we no longer have to worry about the manual onboarding headaches.”
“As gaming companies expand in their importance in today’s entertainment space, they’re looking to modernize their finance operations while reducing tax, fraud, and regulatory compliance risk exposure. Success in the gaming ecosystem today is all about rewarding their international partners with consistent, reliable payments. Tipalti is leading the way to optimizing the mass-payout process on a global scale for these companies,” said Chen Amit, CEO and co-founder of Tipalti.
For more information, visit https://tipalti.com/customers/gaming-industry-solutions/.
Tipalti comes from the Hebrew expression for “We handled it.” Tipalti does just this by providing one comprehensive, global payables automation solution that automates all manual supplier payment processes. Its customers typically wipe out 80% of their payables workload, enabling them to focus on mission-critical initiatives, while doing more with less. Tipalti helps strengthen compliance and financial controls, avoid future AP headcount requirements, accelerate the financial close by 25%, and employ AP best practices.
Every step in the payables process—including self-service onboarding and managing of suppliers, complying with tax, fraud and regulatory requirements, processing and approving invoices, executing global payments, and reconciliation—is fully self-contained and backed with integrated artificial intelligence and machine learning.
Tipalti’s commitment to being customer-first has culminated in an industry-leading 98% customer retention rate with trusted video game brands including Amazon Twitch, Roblox, Tapjoy, Blizzard, ironSource, Discord, and Applovin.
Visit tipalti.com to learn more.
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CONTACT: Monique Pelletier, 415-610-7500
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: SOFTWARE ONLINE ACCOUNTING MOBILE ENTERTAINMENT PROFESSIONAL SERVICES TECHNOLOGY ELECTRONIC GAMES ENTERTAINMENT
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PUB: 06/24/2020 08:00 AM/DISC: 06/24/2020 08:00 AM