This new edition will provide hundreds of accounting and Enterprise Resource Planning (ERP) software options that can integrate with the MineralTree’s AP Automation solution.
“Middle-market businesses are absolutely critical to the US economy, and some of the most vulnerable during economic downturns, yet their needs are overlooked by financial technology solution providers that limit compatibility to a small number of ERP systems,” said Elle Kowal, Chief Product Officer, MineralTree. “Back-office processes like AP are very time-intensive and inefficient, and many of these companies are left to choose between lightweight solutions designed for small businesses and overly complex and costly enterprise systems.”
This new gateway opens many doors for modern AP automation to extend to a much larger segment of middle-market businesses and also supports new remote work requirements for finance teams.
Looking at the market scenes, there are approximately 200,000 middle-market companies in the country, with revenues between USD 10 million and USD 1 billion. Many of these companies face difficulty while automating their AP processes due to the complexity they encounter with linking their ERP systems to a complete AP automation solution.
MineralTree’s additional features with several accounting and ERP systems offer middle-market users the ability to automate their entire AP processes, ranging from invoicing through payment, apart from allowing finance departments to work remotely from anywhere with access to the internet. This immensely helps alleviate the current remote work challenges.
“By expanding our ERP integration capabilities, we’re making it much easier for these middle-market businesses to automate their inefficient AP processes and translate that into huge operational efficiencies and cost savings,” Kowal added. “Whether a company is looking to automate the entire invoice-to-pay process or start with just a payment automation solution, our quick implementation process can have new clients realizing significant value in days.”
Newsletter
