The blog for finance and banking professionals.

Weekly posts focus on commentary, how-to’s and interactive discussions based on your questions to our team.

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July 20, 2017

Question of the Week: Is there an approval process after the invoices are entered?

Yes. With MineralTree Invoice-to-Pay we enforce invoice approval processes during the accounts payable workflow. Here are the steps: 1. Your invoice is captured via email or sync from your ERP 2. The line item and detail is automatically extracted from […]

July 18, 2017

ERP for Accounts Payable: Why You Deserve Better

In the realm of business technology, the great debate still rages, a suite solution versus a best-of-breed solution. Each side of the argument has its merits. For the suite solution side of the argument, having one vendor relationship and one […]

July 14, 2017

Is Your Accounts Payable Department In Need of an Upgrade?

When it comes to managing your accounts payable, you are most likely ether managing well or wondering when the volume will let up so you can actually have a lunch break. There are a few signs that should set off […]

July 13, 2017

Question of the Week: Do invoices have to be sent to you by us or can we have them sent directly to you from the vendor?

Either option will work! Once we have you up and running on MineralTree, we will create a unique email address for you linked to your account. You can provide this email to vendors submitting invoices, employees submitting invoices and also […]

July 11, 2017

Meet the Pets of the MineralTree Team

We have a lot of dog, cat and even bunny lovers here at MineralTree. Here is a round-up of our 4-legged family 🙂 Lorena’s dog Boba Sue’s cat Tiggs Michael’s cat El Gato Randy’s cat Honey Bee Sera’s cat Coco […]

invoice automation and check fraud

July 7, 2017

Finance Technology That Keeps You Out of Court

There are numerous sources that point to where fraud occurs within the organization and the accounts payable department is not exempt. The news headlines that capture front-line managers successfully pilfering funds to personal accounts that amount to hundreds of thousands […]

July 6, 2017

Question of the Week: Do I need QuickBooks Online in order for the sync to work? Or will the desktop version be able to sync?

You do not need the online version of QuickBooks for the sync to work. MineralTree works seamlessly with, QuickBooks Simple Start QuickBooks Essentials QuickBooks Plus QuickBooks Pro QuickBooks Premier QuickBooks Enterprise For QuickBooks desktop versions, you would simply install a […]

July 4, 2017

When Will You Celebrate Your Freedom From Manual AP?

Happy 4th of July! As you soak up the sun at the beach, enjoy friends at a BBQ or catch a fireworks display, try not to think about all those paper invoices that need to be scanned and processed waiting […]

June 30, 2017

5 Reasons to Subscribe to The Proper Payable

If you like to stay up-to-date with the media both news events and related to your industry, it can be very time consuming. You want to stay in the know but there is just so much to take in. We […]

June 29, 2017

Question of the Week: Are you able to import line item detail?

Yes absolutely. When your invoices come into MineralTree (via email, scan or sync from your ERP), OCR technology captures the details and automatically imports the line items. Once you have reviewed the data and approved it, the invoice and details […]

June 27, 2017

Customer Highlight: Oakworth Capital Bank Successfully Competes with Larger Banks by Providing Advanced Technology to Business Clients

Despite a specialized approach when it comes to provided first-class service to business clients, Oakworth Capital Bank faced continual competition from larger institutions. In order to compete, they need to figure out how to deliver advanced technology solutions that incorporated […]

June 22, 2017

Question of the Week: Can You Pay With a Credit Card Using MineralTree?

One of the reasons companies decide to automate accounts payable with MineralTree is the ability to use any form of payment. We support check, ACH, wire, credit card and one-time use virtual card. Many of our customers want to move […]

June 20, 2017

What Can QuickBooks Do To Prevent Customers From Leaving?

According to this study conducted by FindAccountingSoftware.com, companies who have outgrown QuickBooks are transitioning to Dynamics GP, Intacct, and Sage 300. Why are companies leaving QuickBooks? The study points to a few key reasons I’ll share below: More, customizable reporting […]

June 16, 2017

Customer Highlight: Accounts Payable Automation Enables Focus on More Critical Areas of Finance

David Parrack is the CFO and has one Staff Accountant on his team. The two of them manage all the finances so it was even more crucial that they use technology to maximize their efficiencies where possible. Previous to MineralTree, […]

June 15, 2017

Question of the Week: Does MineralTree provide email to automated OCR processing?

With MineralTree you remove the need to manually enter invoices altogether. Whether they are emailed to a designated email address or scanned into MineralTree, OCR technology takes over and pulls out the amounts, coding, line items, etc. Our OCR technology […]