Uses AI and machine learning to automatically extract data from invoices received via email, scan, or upload, regardless of format. Captures vendor, date, amount, line items, and PO numbers with high accuracy.
Configurable rules-based engine automatically routes invoices to the correct approvers based on amount, department, vendor, or project. Integrates with email and Slack for notifications and mobile approvals.
A unified platform to schedule and execute payments via ACH, virtual credit card, or check. Includes built-in multi-layered fraud screening and validation before funds are released.
Bi-directional integration with major ERPs like NetSuite, Sage Intacct, and Microsoft Dynamics. Automatically posts invoices, payments, and updates vendor records, ensuring the general ledger is always current.
Dashboard provides real-time visibility into AP metrics, cash flow forecasts, spending by vendor/department, discount capture rates, and payment status.
A growing company with increasing invoice volume uses MineralTree to eliminate manual data entry and paper checks. The finance team automates invoice capture from hundreds of suppliers, routes them for digital approval, and pays via ACH. This reduces processing costs by over 70%, improves accuracy, and allows the team to focus on strategic analysis instead of clerical work.
A large corporation implements MineralTree to centralize and secure its disbursements. The platform's configurable approval matrices and multi-person payment authorization enforce strict internal controls. Built-in fraud screening analyzes every transaction for red flags, significantly reducing the risk of business email compromise (BEC) and fraudulent payment attempts.
A company with strong cash flow uses MineralTree to systematically identify and capture early payment discounts (e.g., 2/10 Net 30). The platform flags eligible invoices, accelerates their approval workflow, and ensures timely payment. This turns AP into a profit center, often generating returns that far exceed the cost of the software.
A non-profit organization uses MineralTree to manage invoices tied to specific grants or projects. The system tags each invoice with the correct accounting code and restricts approvals to designated project managers. This ensures strict compliance with funding requirements, simplifies audit preparation, and provides clear visibility into project-specific spending.
A manufacturing firm uses MineralTree's supplier portal and electronic payment capabilities to pay vendors faster and more reliably. Suppliers get paid on time via their preferred method, improving relationships. The buying company can also leverage virtual card payments to earn rebates, creating a mutually beneficial financial ecosystem.
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