MineralTree Invoice-to-Pay

MineralTree Invoice-to-Pay is an accounts payable automation solution designed to streamline the Invoice-to-Pay process for small, mid-sized, and enterprise-level companies. According to the vendor, this comprehensive solution digitizes and automates the entire AP workflow, from invoice capture and approval to payment processing, providing real-time visibility, payment optimization, and enhanced security. Finance and accounting professionals, accounts payable managers, CFOs and controllers, as well as healthcare organizations, non-profit organizations, and food and beverage companies can potentially benefit from the efficiency and convenience offered by MineralTree Invoice-to-Pay.

Key Features

Automated Invoice Capture: According to the vendor, MineralTree Invoice-to-Pay automates the process of capturing invoices by allowing users to scan or have suppliers send invoices to a unique email inbox. The system is said to extract the header and line-level invoice details using advanced OCR technology with human verification for high accuracy. API-level ERP integration is claimed to sync invoice and payment data to the accounting package, providing unlimited document storage.

Invoice Approval Workflow: MineralTree Invoice-to-Pay is claimed to streamline the invoice approval process by allowing users to set up customizable approval workflows. Approvers can supposedly review and approve invoices online, eliminating the need for manual paper-based approvals. The system is said to provide real-time visibility into the status of invoices, allowing users to track and monitor the progress of approvals.

Payment Automation: The vendor states that MineralTree Invoice-to-Pay includes payment automation functionality, allowing users to automate the payment process. Users can supposedly schedule payments based on due dates or take advantage of early-pay discounts. The system is claimed to support various payment methods, including ACH, wire transfers, and virtual cards.

Vendor Management: MineralTree Invoice-to-Pay is said to simplify vendor management by centralizing vendor information in one secure location. Users can supposedly easily update vendor details, such as contact information and payment preferences. The system is claimed to provide a comprehensive view of vendor payment history and outstanding invoices.

Real-Time Reporting and Analytics: According to the vendor, MineralTree Invoice-to-Pay offers real-time reporting and analytics capabilities to provide insights into AP performance. Users can supposedly generate customizable reports on invoice processing times, payment volumes, and cash flow. The system is said to provide analytics on payment trends, allowing users to identify opportunities for cost savings and process improvements.

Security and Compliance: MineralTree Invoice-to-Pay is claimed to prioritize security and compliance by encrypting sensitive data and adhering to industry standards. The system is said to provide role-based access controls to ensure data privacy and prevent unauthorized access. Compliance features, such as audit trails, user activity logs, and secure data storage, are also claimed to be included.

Integration with ERP Systems: According to the vendor, MineralTree Invoice-to-Pay seamlessly integrates with a wide range of ERP systems, including NetSuite, Sage Intacct, Quickbooks, Microsoft Dynamics GP, Oracle EBS, Oracle ERP Cloud, and JD Edwards EnterpriseOne. The integration is claimed to allow for real-time synchronization of invoice and payment data, eliminating the need for manual data entry.

Workflow Automation: MineralTree Invoice-to-Pay is said to automate the entire AP workflow, from invoice capture to payment processing. The system is claimed to eliminate manual data entry, reducing the risk of errors and improving efficiency. Users can supposedly set up automated workflows for invoice approval, payment scheduling, and reconciliation.