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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 vendor, you will need to contact your vendor for their bank details. Once you have those, simply enter them into MineralTree and they are saved for all future payments to that vendor.

Have a question? Email us at question@mineraltree.com


MineralTree
We're transforming accounting by automating Accounts Payable and B2B Payments for mid-sized companies. Our award-winning solution has helped over one thousand businesses transform accounts payable from a source of inefficiency and fraud risk to a secure and strategic profit center that provides visibility into key cost drivers.


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Subscribe to The Proper Payable

Your weekly rundown of the best (and worst) in financial strategy