Scan, Store, Manage: You input your accounts payable invoices and supporting documentation – then MineralTree does the header and line item data extraction for you and posts it seamlessly to your accounting software.
Scan invoices in bulk
Convert paper invoices to searchable PDF documents
Originate invoice in your accounting application or Invoice-to-Pay
Upload or email documents or allow your vendors to email invoice documents
Automatically extract invoice header and general ledger-coded line item data with no manual invoice entry
Link invoice documents with invoice data
Simplify posting to your accounting package
APPROVE: route invoices for approval
Advanced online invoice routing gets your requests for approvals to your list of approvers quickly.
Route vendor invoices to specific approvers based on vendor name or other invoice data
Customizable workflows mean you use your existing process and the workflows you already have in place—or make new ones
Configurable—require invoice approval prior to payment for all—or selected invoices
Rigorous controls and tracking built into the application
Mobile device access lets busy executives review, authorize, or schedule payments—anywhere they are, anytime.
System supports single and multiple payment authorizers
Keep things secure with segregation of duties and payment limit alerts
Two-factor payment verification provides additional level of security against unauthorized or fraudulent payments
PAY: send payments directly and securely, with guaranteed fraud protection
MineralTree sends check and ACH payment information directly to your bank for payment. Additionally, you can maximize rebates and rewards by moving AP spend onto virtual cards or your own corporate credit card.
Advanced security through Bank Positive Pay—ensures your bank automatically receives details of all checks authorized and issued
MineralTree SilverGuard provides online account fraud protection up to $100,000 per year
Payments are sent from your own account—no use of clearing accounts
Payments are recorded automatically with 2-way real-time synchronization to your accounting system
Remittance details transmitted automatically so vendors know when, why, and how they have been paid
"The MineralTree solution helped us automate our accounts payable process and be more efficient. We saved hard dollars in check printing and soft dollars in man-hours. The return on our investment was absolutely there."