MineralTree announced a new partnership program for Finance and Accounting Outsourcers (FAOs) to offer its accounts payable and payment automation solution to their clients.

Through the program, MineralTree’s FAO partners can provide their clients with the company's streamlined accounts payable processes, as well as greater visibility, cash flow control, security and cost savings.

Atlanta-based FAO Bennett Thrasher is the first to join the partner program by adding MineralTree to its portfolio.

“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,” stated 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.”

FAO partners offering MineralTree’s AP and payments solution can give their clients access to:

  • Increased efficiency and streamlined operations
  • Reduction of end-to-end payment processing costs
  • Tightened management and control of outgoing cash flow
  • Better internal controls with two-factor authentication and payment verification, segregation of duties, and dual approvals
  • A $100,000 annual fraud protection guarantee

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

More information on MineralTree and the company's partners is available here

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