Cambridge, Mass., October 20, 2020 – MineralTree, an Accounts Payable (AP) and payments automation solution provider, today announced the addition of automated PO/invoice matching for Sage Intacct, a cloud-based accounting and financial management platform. The new capability equips MineralTree customers using Sage Intacct to automatically match incoming invoices against purchase orders or receipts and then insert them into users’ internal workflows for invoice approval and payment. As a result, Intacct users can save substantial finance staff time, reduce payment processing costs, and eliminate overcharges and double payments due to manual error.
The announcement coincides with the start of Sage Intacct Advantage, the premier user event for Sage Intacct customers, partners, and prospects which takes place virtually Oct. 20-21. MineralTree will be a featured presenter at the event and will also be part of the Advantage Sponsor Showcase.
For many middle-market businesses, manually matching and reconciling incoming invoices against purchase orders is a tedious and error-prone process that consumes AP staff time and results in a variety of costly errors including overcharges, double payments, and late fees.
As part of MineralTree’s end-to-end AP and payments automation solution, automated PO matching eliminates those challenges and increases financial control while improving cash management.
“As companies grow and look to better manage their spend, the use of purchase orders becomes standard operating procedure, especially in industries such as manufacturing, retail, and healthcare,” said Elle Kowal, Chief Product Officer at MineralTree. “With the addition of automated PO matching for Intacct, we can better serve the needs of larger middle-market businesses and continue to expand the footprint and value of their AP automation efforts.”
Thanks to its deep, two-way integration with Sage Intacct, MineralTree uniquely supports two PO matching workflows:
Sage Intacct is the latest ERP system for which MineralTree supports Automated PO Matching. The feature is also currently available for NetSuite, Sage 100, and Xero, along with hundreds of leading ERPs through MineralTree’s Universal Connector.
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About MineralTree
MineralTree provides modern, secure, easy-to-use, end-to-end Accounts Payable (AP) Automation solutions that reduce costs by more than 75%, increase visibility and control, and mitigate fraud and risk, while improving cash flow. More than 3,000 mid-market and mid-enterprise companies, as well as more than 30 financial institutions rely on MineralTree to digitize and optimize the entire AP Automation and Payments process, preserving control over the complete invoice-to-payment workflow, improving vendor relationships, maximizing ROI, and transforming the finance function from a cost center to a profit center. For more information, visit www.mineraltree.com.
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Source: Company press release.
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