Case Study: Fy! scales globally and saves 178 hours/month by automating accounts payable with Tipalti

Fy! Scales Globally While Automating Accounts Payable

Fy! is a London-based multi-sided dropship marketplace for homewares and art that partners with independent artists (60% of its assortment). Rapid growth during COVID expanded its team from 15 to 55 and required monthly payouts to roughly 2,000 brands and artists, but accounts payable were handled on spreadsheets with no full-time finance support—resulting in errors, delayed vendor payments and confusion over fees and currency conversions.

Implementing Tipalti automated Fy!’s AP by centralising PayPal, Stripe and bank data, gathering invoices and auto-reconciling payments and currencies. The platform eliminated the need to hire additional finance headcount, saved about 178 hours per month (the payments role now takes one day every two weeks), improved remittance visibility and ensured vendors understand fees and get paid on time.

Fy!

Kevin Davies

Vice President of Commercial Operations