Spitfire Audio has reduced the time needed to process its global royalty payouts from up to six weeks to about 30 minutes after automating 1,500+ payments through Tipalti. The change removes a recurring manual workload and gives the finance team more capacity for higher-value work.
Before the shift, Spitfire’s finance team handled payment scheduling, statements, global payments and reporting manually each quarter. Shahid Khalid, Head of Finance at Spitfire Audio, said the choice came down to long-term planning.
“If you’re a growing business, you always have to think about the long-term benefit,” Khalid said. “You either hire more people to deal with the growing amount of transactions in whatever you’re doing, or you invest in an automation tool.”
Khalid described the previous quarterly process as highly manual, both for global payments and reporting. “We wanted to get that time down so that we could stop doing manual work and spend more time on value-adding activities,” he said.
Payment run time cut from weeks to minutes#
By automating 1,500+ global royalty payouts, Tipalti reduced a process that once took up to six weeks to just 30 minutes. The change also saves Spitfire’s finance team ten weeks of payments workload each year.
- 1,500+ global royalty payouts automated
- Payment run time reduced from four to six weeks to 30 minutes
- Finance team saves ten weeks of payments workload each year
“It took us four to six weeks of solid work to do all the statements and payments [before Tipalti], whereas now, it’s 30 minutes of solid work,” Khalid said. “We were spending a long time trying to get royalty payments done, and now we’re ahead.”
Scalable automation replaces spreadsheets#
Spitfire Audio replaced a spreadsheet-based process with an automated workflow for 1,500+ payouts. The company cut payment run time from weeks to minutes and reduced recurring workload.
As Spitfire Audio grows, Tipalti’s Mass Payments automation means the process is easier to scale with the business.
