MineralTree for Food and Beverage
AP Automation Boosts Efficiency and Savings for Food & Beverage Companies
MineralTree provides AP automation solutions for companies across the food and beverage industry, including wineries, packaged foods, fast-serve restaurants and restaurant chains. These companies share common concerns when it comes to finance: the need to control costs, increase margins, gain efficiencies, and keep suppliers happy and goods flowing. Achieving these goals isn’t easy when they’re overwhelmed by paper invoices and manual processes. That’s where MineralTree comes in. We help food and beverage companies automate their end-to-end AP process so they can reduce costs, streamline processes, and pay suppliers on time.
Data showed that we had reduced our overall time commitment related to AP, on average, by 70% from our previous processes. Our investment in MineralTree paid for itself within the first 60 days of use.
You might be wondering...
Will MineralTree integrate with my ERP?
We seamlessly integrate with hundreds of ERPs and Accounting Systems, such as Oracle NetSuite QuickBooks, Microsoft Dynamics GP, and Sage Intacct. We make sure every data point, transaction, approval, and payment syncs with your ERP so everything runs smoothly.
Can the solution handle multi-location or entities? What about M&As?
Trying to process invoices manually across locations or entities is challenging, and a major waste of time, even just to get the invoices from one place to another. By consolidating the process through our AP automation solution, those problems are solved. You’ll benefit from a centralized process, reduced costs and an automated workflow that eliminates manual work and lets you track expenses for each location.
When it comes to M&As, MineralTree can easily manage the AP process for multiple businesses whichever way works for you – either by consolidating it in one view or handling the subsidiaries separately.
Can you handle international FX payments
We make automated FX payments easy. You can pay international suppliers by cross-border wire transfers using the same workflow you make check, ACH, and virtual card payments to U.S. suppliers. All you have to do is you choose how you want the payment made, and with one click, it’s done. The record of your payment, along with the conversion rate, is automatically entered into your ERP. And, by avoiding costly bank charges, you end up saving a lot of money.
Can we configure our own invoice approval rules?
Our AP automation solution was designed for flexibility so you can handle approvals in the way that works best for your business. In addition to benefiting from automatic PO-matching, you can customize your invoice approval rules, and accommodate individual business unit needs.