Press Release

MineralTree Raises Accounts Payable Automation and Enhances Security with Powerful New Features

Simplifying AP and Driving New Efficiency - Detect Duplicate Invoices, Automate PO Matching, Scheduling Approved Payments Automatically

Cambridge, MA, July 24, 2018 – MineralTree—a leading provider of Accounts Payable (AP) and Payment Automation solutions—announced groundbreaking new features that raise efficiency, deliver new working capital benefits, and enhance security. These new additions strengthen the company’s proven Invoice-to-Pay solution, which middle market businesses rely on to automate their invoice and payment workflows.

“MineralTree continues to seek out and attack inefficiencies and control weaknesses in everyday AP,” said BC Krishna, MineralTree CEO and Founder. “These new features will let our customers spend less time on inefficient, risky AP processes, and more time on strategic initiatives that drive value.”

The MineralTree announcements improve all aspects of the AP process:

Automated Purchase Order Matching uses advanced pattern matching techniques to compare invoices against POs—automatically—eliminating the risk of paying for goods or services not received.

Automated Payment Scheduling creates set-it-and-forget-it functionality for approved invoices. Now AP managers can schedule payments to optimize cash flow and eliminate unnecessary and costly fees due to late payments.

Automatic Early-Pay Discount makes it even easier for MineralTree customers to reap the benefits of vendor discounts.

Beyond these enhanced features, the latest MineralTree release includes even greater security, including fine-grained visibility into all account activity and advanced audit reporting. So with this latest release, MineralTree customers can take major leaps in efficiency and improve their AP process—all while reducing risk.

About MineralTree

MineralTree provides the easiest to use Accounts Payable (AP) and Payment Automation solutions for finance professionals. MineralTree streamlines AP, giving customers unparalleled visibility and significant cost savings in an affordable, integrated platform that is guaranteed secure.

MineralTree Invoice-to-Pay streamlines invoice processing, approvals and payments. Businesses can pay vendors by check, ACH, virtual card, or their own corporate credit card. The product integrates directly with both the company’s ERP and bank account, eliminating the need for settlement accounts. Additionally, businesses are able to earn rebates and cash back rewards by processing vendor payments on virtual cards or their own corporate credit card. For all electronic payment methods, remittance details are automatically sent to vendors.

For more information visit www.mineraltree.com.

CONTACT:
Stephen Williams
stephen.williams@mineraltree,com
(617) 299-3399 Ext. 167