MineralTree, Inc.

Research from the State of AP Report shows that 55% of organizations used ACH for vendor payments over the last year.?Here's a quick breakdown of the differences between ACH credit and ACH debit: ACH credit ? "Push" transaction initiated by the payer ? Ideal for payroll and vendor payments ? Typically settles in 1-2 business days ACH debit ? "Pull" transaction initiated by the recipient ? Perfect for recurring payments like subscriptions ? Usually takes 1-3 business days to settle This week’s blog takes a deeper dive into the key differences between ACH credit and ACH debit that every AP team needs to know: https://lnkd.in/dDXryw_G

Are you struggling to attract and retain finance talent? If so, you’re not alone. The 9th Annual State of AP Report reveals some eye-opening insights: ? 20% of companies reported staff turnover as a major challenge ? 14% cited recruitment difficulties ? 12% noted the impact of hybrid/remote work on staff availability But there's hope! Here are 7 key strategies for CFOs to build and maintain strong finance teams: 1. Embrace automation 2. Upskill the current workforce and create alternative career paths 3. Focus on adding value to the organization 4. Incentivize employees based on performance 5. Make hiring decisions quickly 6. Plan for future workforce needs 7. Offer flexible work arrangements Read the full blog: https://lnkd.in/eBYAeUvy

Is your AP team spending too much time chasing down approvals and manually entering invoices? With NetSuite’s built-in workflows, the process can be more efficient—but only to a point. That’s where AP automation comes in. Key benefits of integrating NetSuite with MineralTree: ? Automate invoice routing and approvals ? Eliminate manual data entry errors? ? Scale without added per-user fees Check out the blog for a deeper dive into how to improve the NetSuite invoice approval workflow with AP automation: https://lnkd.in/ezxsPJEK #APautomation #AP #accountspayable #NetSuite #finance

A fast-growing healthcare company providing service to underserved communities streamlined its AP process using?MineralTree, reducing manual work, speeding up approvals, and improving vendor relationships. Key results: ? ~20% time savings?for staff accountant ? Optimized user experience?for the finance team,?increased retention, and supported higher morale ? Reduced?quarterly close time by 67% ? Faster invoice approvals and more timely vendor?payments, resulting in more favorable payment terms?and lower pricing The company uncovered $150k in overpayments and has gained more time for strategic initiatives. Read the full case study here??? https://lnkd.in/eDRy8Jv6 #AP #APautomation #accountspayable #healthcare #finance

Looking ahead to 2025, accounts payable teams are adapting to changes in their environment. Insights from the 9th Annual State of AP Report reveal key challenges that teams are facing. What do you view as the biggest challenge? If you don't see the answer below or can't choose just one, feel free to drop a comment instead! See how you stack up against others in the industry: https://lnkd.in/ejCPXReG

Get more out of your NetSuite instance by integrating with MineralTree! Learn about the integration benefits here: https://lnkd.in/eiBZUUvj

The State of AP Report reveals the biggest challenges in AP today, which underscore the critical need for automation and modernization in AP processes. While improved efficiency is the primary driver for more AP automation (cited by 51% of respondents) and the primary benefit realized most often (52% of respondents), inefficiency has also been the biggest challenge over the last 12 months. View the full report to find out what this is attributed to: https://lnkd.in/ejCPXReG

Is foreign exchange risk impacting your bottom line? This blog explores how currency fluctuations can affect your business and offers 5 key strategies to protect your company: 1. Pay vendors in USD 2. Strategic contract negotiations 3. Limit moving exchange rates 4. Eliminate intermediary fees 5. Improve forecasting Read the full post here: https://lnkd.in/eKeMVyw6

Maximize the value of your NetSuite investment and accelerate ROI by integrating with MineralTree! Learn more here: https://lnkd.in/e7qGtQP4

If you're a non-profit organization, stop scrolling! Grab this checklist to start streamlining your NPO's accounts payable process. In it, you'll learn how to: ?? Identify pain points in your current AP workflows ?? Set clear, measurable goals to track the benefits of automation ?? Choose an AP solution tailored for non-profits, ensuring both security and compliance View it here: https://lnkd.in/ep4HD2St