Matterport Finance Automation Implementation Overview

This document is a case study detailing the implementation of finance automation at Matterport using Tipalti. The objective of this implementation was to streamline the accounts payable process, which had previously been hindered by manual data entry and inefficiencies. The case study outlines how invoices are automatically imported and converted into bills, improving supplier relationships through self-service onboarding. It describes the challenges faced by Matterport's accounting team, including the manual entry of thousands of invoices and inconsistent synchronization with their ERP system, NetSuite. The document highlights the benefits of Tipalti's automation capabilities, which have significantly increased productivity and efficiency, saving time and manpower for the accounting team. Additionally, it notes the elimination of the need for an additional full-time employee to manage accounts payable and a 40% acceleration in the monthly close process. Overall, the case study presents a comprehensive view of how Matterport is leveraging technology to enhance financial operations.