For the sixth consecutive year, MineralTree surveyed hundreds of finance professionals for its annual State of Accounts Payable report. This 2021 edition is unique in that it explores how the COVID-19 pandemic has left lasting effects on finance organizations.
Readers will learn:
• The latest back office digitization trends, according to automation adoption rates and key business priorities from 650+ survey respondents
• How finance’s work models are shifting, with data on how many AP teams now work remotely versus hybrid and in-office
• Which payment methods are on the rise and which payment priorities are top of mind for AP teams, according to payment mix data
Please note, this report is back from 2021. If you’re looking for the latest data, check out our most recent edition of the State of AP report.
Our clients love what MineralTree has done for their business
MineralTree helped us reduce the risk associated with our past process and protect our overall competitive advantage.
Implementing MineralTree was easy, we had the solution up and running inside of a month and we were running at a functional level within 45 days. And nearly immediately the chaos was removed from the equation.
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.
[MineralTree] integrated with our accounting system and it could take an invoice all the way to payment. It automatically made us accrual day one when we turned it on with an integration into GP.
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MineralTree has the broadest ERP coverage across mid-market and enterprise. TotalAP supports direct, real-time integration with the world’s leading ERPs, along with the ability to integrate with hundreds of others.