Attivio Chooses MineralTree And Earns Cash Rebates On Vendor Payments
In early 2016, Attivio was looking for help managing their growing Accounts Payable workload. Upon learning about MineralTree, Ashley Honeyman, Vice President of Finance, realized they would benefit from AP automation and could recoup the cost of the solution through MineralTree’s virtual card program, SilverPay.
The Challenge: Paper-Based Process With Limited Resources
With 100 invoices each month, Attivio’s AP process was paper-based, cumbersome, and lacking the ability to earn rebates on vendor payments despite having a corporate credit card. All invoices, even electronic ones, were printed, passed around for approval, and keyed manually into NetSuite.
The Solution: SilverPay Virtual Card Program
With invoices paid primarily by check, Attivio was missing out on the ability to earn rebates. MineralTree’s solution allowed Attivio to move to an electronic AP process and earn rebates for paying vendors. SilverPay is MineralTree’s electronic payment program that enrolls vendors, offers cash rebates for payments, and securely pays your vendors.
The Benefits: An Investment That Pays For Itself
Attivio’s investment in MineralTree was nearly paid for itself. Instead of filling a new, full-time position, Attivio hired an intern to process AP two days a week. Beyond cost savings, Attivio benefited from moving to a fully electronic document storage system.
The Bottom Line: Shorter Process And More Rebates
SilverPay enables Attivio to maintain their same payment approval process without the hassle of reconciling a credit card statement each month. And, the team is spending half the time they were on processing AP and has the added benefit of earning cash rebates.
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