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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September 22, 2017

Will Virtual Cards Help B2B Companies Move Payables Off of the Paper Check?

Credit card companies, like American Express, Visa and Mastercard, are making moves to drive more B2B vendor payments to cards. Recognizing an opportunity for organizations to support initiatives to transition away from paper check and reap the benefits of card […]

September 21, 2017

Question of the Week: Is MineralTree HIPAA compliant or would MineralTree be willing to sign a Business Associate Agreement ?

Before I answer I’ll address those readers unaware of what this means, HIPAA (Health Insurance Portability and Accountability Act of 1996) is United States legislation that provides data privacy and security provisions for safeguarding medical information. The answer is that […]

September 19, 2017

Why Biotech Companies Should Be Automating Accounts Payable

When it comes to accounts payable, even the most innovative biotech companies are still plagued by the same challenges other rapidly growing industries face. When making the most of every resource counts, it doesn’t make sense to occupy or hire […]

September 15, 2017

Surviving Your Audit – The Impact of Accounts Payable Automation

Whether public or private, most companies undergo an audit once a year. An upcoming audit is stressful for both the finance and accounting team and the organization as a whole. However, if handled correctly, an audit can become a useful […]

September 14, 2017

Question of the Week: Do I need to download software to use MineralTree?

The great thing about online software is that the only thing you need you most likely already have. And that is a web browser. And don’t worry about what browser you prefer whether it’s Chrome or Safari or FireFox or […]

September 11, 2017

Automate Wire Payments within the US and Abroad with MineralTree

Dedicated to providing solutions that provide value and true ROI for our customers, we are constantly evaluating the needs of finance professionals. Over recent months, we saw quite a few inquiries around international payments which makes sense when companies are […]

September 8, 2017

[Infographic] How Are Cutting Edge Companies Managing Accounts Payable?

We recently published a new infographic that looks at how a cutting edge company is managing their accounts payable process. From the savings derived moving check payments to electronic formats all the way through to the payback period for their […]

September 7, 2017

Question of the Week: If we choose to send ACH payments to our vendors, how do you receive their bank ACH information?

First of all, congrats on recognizing the value of using electronic forms of payment over check. We have estimated the cost for an electronic payment is 89% lower than a check. Using MineralTree to automate an ACH payment to your […]

September 5, 2017

Visit MineralTree at AccountexUSA

Are you in or near Boston September 6 -8? Then you’ll want to swing by the AccountexUSA event at the John B. Hynes Convention Center. Accountex is an independent accounting conference that provides accounting, tax and finance professionals access to […]

September 1, 2017

How to Get the Green Light on AP Automation

The benefits of invoice-to-pay automation go beyond the obvious cost savings and efficiency improvements. It is critical that when you build your business case you tie in the cost savings as well as the efficiency improvements. If management can see […]

August 31, 2017

Question of the Week: I was wondering if you have a PO module or PO matching?

Yes, we offer PO match automation for our Microsoft Dynamics GP and NetSuite users. When PO-based invoices are captured, users have the ability to match the capture invoice line items to line items on POs that were entered in NetSuite […]

August 29, 2017

Is There a Place for AI in Banking?

BAI posted a nice article recently “How financial institutions can start with artificial intelligence – now.” It’s worth a read (if you haven’t seen it yet, go check it out and then come back). One of the points struck me […]

August 25, 2017

[VIDEO] Joe Woodard Interviews BC Krishna, CEO of MineralTree

At the 2017 Scaling New Heights conference, Joe Woodard sits down to interview BC Krishna, CEO of MineralTree, to talk about the evolution of B2B vendor payments, going paperless and justifying investments in technologies that have a true impact on […]

August 24, 2017

Question of the Week: Does MineralTree work with nonprofits? How many nonprofit customers do you have?

We work with numerous non-profits organizations which you can view on our accounts payable automation solution customer page and sort by ‘Not For Profit’. We believe strongly that AP inefficiencies should never stand between you and your mission. As a […]

August 22, 2017

[SURVEY] How Modern Is Your Accounts Payable Process?

Are you operating your finance team utilizing best-in-class approaches to accounts payable? Are you curious to see how you compare to your peer group? Please complete the following 2-minute survey and we’ll share the results with you so you can […]