MineralTree has added a new integration to Microsoft Dynamics 365 Business Central. The payments automation solution will help streamline AP processes within Dynamics and will enable digital payment options.
Elle Kowal, Chief Product Officer for MineralTree, commented: “Mid-market businesses are looking for every opportunity to drive new efficiencies and cost savings in the back-office. That requires solutions that can scale to support their growth without requiring additional overhead or expertise. By delivering seamless integration with Dynamics 365 Business Central, we’re enabling users to quickly gain all the benefits of modern, end-to-end AP automation without any disruption to their business operations.”
What is surprising is that despite the announcement, MineralTree does not yet appear on the Microsoft App Store.
MineralTree cites several benefits that Dynamics customers can leverage:
- Automates the Accounts Payable process securely, digitising and optimising the entire invoice-to-pay process.
- MineralTree reduces invoice processing costs by up to 75%, increasing visibility and control while improving cash flow.
- Optical Character Recognition (OCR) technology captures invoice details with 99.5% accuracy.
- Automates PO matching process eliminating time-consuming manual tasks with reducing errors.
- Optimizes payments to reduce costs and take advantage of discounts and cashback rebates.
- Enables AP teams to work remotely with complete visibility and oversight for leaders by using analytics dashboards that enhance decision making with insights.
Dynamics365 is just the latest ERP solution that MineralTree integrates with, including Oracle NetSuite, Intuit QuickBooks, Xero, Microsoft Dynamics Great Plains, and Sage Intacct.
Enterprise Times What does it mean
MineralTree continues to build out integrations to third party applications. In some ways, it is surprising that it has taken so long to build an integration to Dynamics. What is next? Will it build an integration to SAP, or is it looking to move more upmarket? How will it tap into the Microsoft ecosystem of partners and ensure that it is chosen against several rivals that already have listings on Microsoft AppSource?