MineralTree TotalAP
An accounts payable software featuring invoice management, multi-company support, and online banking integration.
Product Overview
MineralTree TotalAP is an accounts payable automation software. Key features include invoice management, online banking integration, payment processing, and multi-company support. The software integrates with QuickBooks Online, Xero, Sage, and ERP systems like Oracle NetSuite. It also includes invoice capture, fraud risk reduction, and cash flow management.Pros
- Automatic bi-directional sync with customer bank accounts
- Integration with NetSuite, QuickBooks, Microsoft Dynamics GP, Sage, and Xero
- Automated purchase order matching
Cons
- Focuses mainly on the US market
- Search functionality could be more granular
- Navigation requires multiple clicks
Target Market
Mid-market companies with 20-500+ employees that process 100 to 10,000 vendor payments/month.MineralTree TotalAP is cloud-based software designed to automate the accounts payable process. It encompasses the entire workflow, from invoice handling to payment execution, offering a unified and efficient approach.
The platform is known for its ability to integrate seamlessly with several popular accounting systems, such as NetSuite, QuickBooks, Microsoft Dynamics GP, Sage Intacct, Sage 50cloud, and Xero. This integration facilitates bidirectional synchronization with customer bank accounts, ensuring data accuracy and time savings.
Key Features
- Streamlined Workflow: The platform enables a completely online, paperless accounting process. It serves as a centralized database for all records, ensuring clean and clear audit trails.
- Duplicate Invoice Prevention: A significant feature is the detection of duplicate invoices, which helps in avoiding the costly mistake of double payments.
- Security Measures: The system incorporates strong payment controls like segregation of duties, dual-factor authentication, and tokenization, effectively safeguarding against internal and external fraud risks.
- Automated Purchase Order Matching: This feature simplifies matching invoices with their respective purchase orders, enhancing efficiency in the accounts payable process.
- Discount Management: The platform automatically applies discounts, ensuring businesses don’t miss out on vendor early-payment benefits.
Target Market
- Mid-market companies that process 100 to 10,000 vendor payments/month.
- Fast-growing companies looking to increase accounts payable efficiency without adding headcount
- Companies with 20-500+ employees
Pricing
- Subscription-based pricing (SaaS)
- Priced per transaction
- No free trial available
Product Overview
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