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
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 […]View Blog Post
July 18, 2017
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 […]View Blog Post
July 14, 2017
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 […]View Blog Post
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 […]View Blog Post
July 7, 2017
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 […]View Blog Post
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 […]View Blog Post
July 4, 2017
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 […]View Blog Post
June 29, 2017
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 […]View Blog Post
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 […]View Blog Post
June 22, 2017
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 […]View Blog Post
June 20, 2017
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 […]View Blog Post
June 16, 2017
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, […]View Blog Post
June 15, 2017
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 […]View Blog Post