April 28 , 2015

MineralTree launches partner program to help finance/accounting outsourcers

Cambridge, MA--MineralTree, the accounts payable (AP) and payment automation solution for growing companies, has announced a partnership program to help Finance and Accounting Outsourcers (FAOs) bring greater value, efficiency and security to their customers. Through this program, MineralTree’s FAO partners can streamline accounts payable processes for their clients – from invoice to payments – while providing them with unparalleled visibility, greater control of cash flow, guaranteed security and significant cost savings.

Bennett Thrasher, a leading Atlanta-based FAO, is the first to join MineralTree’s partner program and integrate AP and payment automation into its portfolio of solutions.

“We’re always looking to make our clients’ lives easier and add value to their business,” said Darla Worsham, Sr. Manager, Client Accounting Services at Bennett Thrasher. “Streamlining the invoice-to-pay process will save our clients time and money, and MineralTree is an effective solution. We chose to partner with MineralTree because their solution is simple, cost-effective, secure, and integrates seamlessly with NetSuite, our preferred accounting and ERP software.”

“Growing businesses are increasingly looking to outsource finance and accounting functions for one simple reason: they want to improve efficiency so they can focus on more strategic initiatives,” said BC Krishna, CEO of MineralTree. “As experts in their fields, FAOs can certainly bring efficiency to their clients, but without the right tools, there’s only so much they can do. MineralTree modernizes and streamlines business payments by eliminating paper processes and syncing directly with accounting systems and a company’s bank.”

One of the first Bennett Thrasher clients to embrace the benefits of MineralTree is Logi-Trans Express, a transportation company specializing in third party logistics. Adam McDaniel, Managing Director of Logi-Trans said, “I travel frequently, so I needed a better way to approve payments and manage my outgoing cash flow while away from the office. With Bennett Thrasher and the MineralTree solution, I have instant visibility and control, from anywhere and on any device. Plus, the fact that the solution supports electronic payments, or prints and mails checks for us was a big incentive.”

MineralTree integrates with major ERP and accounting software solutions including NetSuite, Microsoft Dynamics, Intacct, and QuickBooks. Craig West, VP of Channel Sales at NetSuite added, “We are excited that both MineralTree and Bennett Thrasher have made NetSuite a key component in their respective FAO programs. All three of our companies are focused on streamlining the accounts payable process, both for outsourcing firms and for their clients.”

FAOs that automate their AP and payments with MineralTree can pass a number of benefits along to their clients, including:

• Increased efficiency and streamlined operations

• Reduced end-to-end payment processing costs up to 70 per cent

• Tightened management and control of outgoing cash flow

• Improved internal controls with two factor authentication and payment verification, segregation of duties and dual approvals

• Greater ease of mind with $100,000 annual fraud protection guarantee

FAOs or growing companies that wish to learn more about MineralTree’s AP and payment automation solutions can visit http://www.mineraltree.com/partners/