
MineralTree’s TotalAP accounts payable automation solution digitizes and automates the entire invoice-to-pay process to make paying your suppliers easy, impactful, and profitable. Our cloud-based AP Automation solution can scale from processing hundreds to tens of thousands of invoices every month, allowing your AP team to scale and support business growth without adding headcount.
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MineralTree
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End-to-End AP Automation Solution & Payment Optimization for Mid-Market and Enterprise
MineralTree’s TotalAP accounts payable automation solution digitizes and automates the entire invoice-to-pay process to make paying your suppliers easy, impactful, and profitable. Our cloud-based AP Automation solution can scale from processing hundreds to tens of thousands of invoices every month, allowing your AP team to scale and support business growth without adding headcount.
What is TotalAP?
MineralTree TotalAP is an AP Automation solution that allows you to optimize each phase of an invoice's journey to suit your back office team's workflow and specific user needs. We optimize for all user roles from AP clerk to CFO. Whether they are approving invoices or diving into real-time analytics, MineralTree TotalAP provides the tools to accelerate invoice processing, optimize payments, and improve working capital, all in one automated platform.
Invoice Capture
Eliminate manual data entry and associated errors by automatically capturing and coding header and line-level data, with the ability to scale to any invoice volume. Identify and quickly resolve exceptions with 2-way or 3-way Auto PO Matching. With MineralTree TotalAP, data syncs directly with your ERP or accounting system to provide consistency throughout your entire AP process.
Invoice Approval
Instantly route invoices to the appropriate personnel for easy review and approval, with automated reminders so you never have to chase anyone. Configure multiple approval tiers and routing logic based on specific attributes (e.g., amount, vendor, department, location etc.)
Payment Authorization
Enable finance leaders to easily approve and schedule payments according to their cash management policy. Mitigate fraud risk with built-in payment controls, such as segregation of duties, two-factor authentication, and dual approvals for payments above certain thresholds.
Payment Optimization
Stop cutting paper checks. Simply authorize your payments and let MineralTree do the rest. We’ll optimize your payment mix to minimize transaction costs and maximize rebates. Our dedicated team handles supplier ePayments enrollment, inquiries, issues, and secure data management while providing detailed remittance on every payment. All payments easily reconcile back to your ERP.
AP Analytics
Ditch the spreadsheets and access real-time dashboards that visualize KPIs such as invoice aging, payment mix, and rebates earned. MineralTree TotalAP makes it easy to make more informed decisions and align AP with your strategic business objectives.
Why Automate AP with MineralTree?
Improve Visibility & Retain Control
Eliminating paper and managing AP from a central platform accessible anywhere provides better visibility across user roles, business units, and locations. Real-time analytics provide insights and help you maintain better control over spend.
Increase Efficiency & Fuel Business Growth
Scaling your business with manual AP processes is an uphill battle, to say the least. Accounts Payable Automation allows you to process invoices faster with fewer errors and exceptions, eliminating friction without adding headcount.
Enhance Security & Mitigate Fraud Risk
Nobody wants to be the next headline. Mitigate external and internal risk by maximizing e-payments, creating a clean audit trail, offloading management of vendor payment details, and using best-in-class security controls.
Improve Supplier Experience
Delight your suppliers by streamlining payments with timely payments using their preferred method, enhanced remittance, and professional support from our dedicated team.
Simplify Reconciliation
Reconcile just once per payment run rather than reconciling individual payments as they are processed. With AP Automation, your business can close the books at month-end and quarter-end faster, and reap the benefits of increased cash flow and time.
Reduce Payment Costs & Generate Cash
Leverage MineralTree’s supplier network to reduce payment costs and maximize cost savings, security, and cash-back rebates by converting paper checks into virtual card and other ePayments.