January 7, 2019 / GuidesFor Team
The world of financing is ever evolving and it continues to grow with new techniques and tools that would help the company get the job done easily. With companies that have a ton of assets and a huge workforce, financing becomes a tougher task than it already is.
Given that accuracy and efficiency are of utmost importance, company HRs and financing sectors should do their best to complete all related matters in a consistent, reliable manner. Luckily, Fintech tools are always available to help them out. Investopedia defines fintech as an emerging financial services sector that includes technological innovations, all of which geared towards improving a company’s financing sector. There are many fintech providers now but one name worth keeping an eye on is the service provider, MineralTree which is servicing more than 1,000 companies in a wide range of industries such as biotechnology, food and beverage, hospitality, media, and medical/pharmaceuticals.
MineralTree; Certified Fintech Leader
MineralTree centers its attention on “enabling businesses to modernize accounts payable workflow with end-to-end automation solutions.” The company’s products have helped businesses alleviate the labor required to accomplish workloads. Additionally, the company also ensures security against fraudulent acts and other disruptive cases.
MineralTree offers a few products for companies to use, one of which is Invoice-to-Pay. It is the only end-to-end AP automation solution that allows automated invoice and payment processing, taking a workload off of a company’s mining sector. Additionally, its AP automation comes with two-way integration (automatic sync) with other financing products; NetSuite, Sage Intacct, QuickBooks, Microsoft Dynamics GP, and Sage 50.
Another helpful tool coming out of MineralTree’s suit is FlexPay. FlexPay’s unique features enable it to cater to companies with 100 or more employees. Some of the product’s features include its flexibility with any accounting system and the control it gives the managers over their accounting matters.
While MineralTree and its products do carry impressive features and solutions, the only way to see the company’s competence in fintech is through its list of awards. MineralTree has won prestigious industry awards from many organizations including GameChanger, OnFinance, MassTLC, and CFO Tech Outlook.
Fintech not only lessens the burden of work for companies, it also provides them with the proper protection they need from fraudulent acts and cases. Financing and accounting plays a major role in any company and as such, a set of tools like the ones provided through fintech should not be underestimated and overlooked.
Posted In: guidesforfinancialtechnology