Product Quick Facts
MineralTree provides easy-to-use accounts payable (AP) and payment automation solutions for finance professionals at mid-market companies. They offer two solutions for AP departments looking to modernize processes, gain greater security and control, and contribute to their company’s bottom line.
MineralTree Invoice-to-Pay is designed for businesses making 50 or more payments per month that use NetSuite, Intacct, QuickBooks, Microsoft Dynamics GP, or Sage 50. By using MineralTree, businesses can automate the four phases of invoice and payment processing. Invoice information is automatically extracted and then routed for approval. Approved invoices can then be aged and paid directly from your business’s bank account.
MineralTree FlexPay is designed for businesses making 500 – 10,000 payments per month that need to automate the payment process. With FlexPay, you can make a high volume of payments quickly and securely, while maintaining strict controls around payment execution using their choice of payment rails.
For both Invoice-to-Pay and FlexPay, checks and ACH payments are issued directly from the company’s bank account. Commercial and virtual card payments are sent to enrolled vendors and are eligible for rebates and cash back. MineralTree can also send electronic remittance details to vendors on your behalf.
Businesses using MineralTree have reduced time spent on the accounts payable and payment process by 70 percent, on average. MineralTree includes advanced payment security features such as two-factor authentication, two-factor payment verification, and payment limits. By using these features, MineralTree guarantees protection against online payment fraud, and losses are covered up to $100,000 per year.
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(Last updated on 02/02/2022 by Jonathan Darcy)