MineralTree Secure AP Automation SuiteApp Achieves ‘Built For NetSuite’ Verification

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New SuiteApp Meets the NetSuite SuiteCloud Platform's Development Standards and Documented Best Practices

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Having implemented robust finance and accounting practices with NetSuite, the last thing that companies want to do is to fall back to paper-based, manual AP processes.

MineralTree, a business payments company, today announced that its MineralTree Secure AP Automation SuiteApp has achieved ‘Built for NetSuite’ verification. The new SuiteApp, built using NetSuite’s SuiteCloud development platform, integrates NetSuite with the customer’s business bank account in order to drive efficiency and growth, reduce errors and labor costs.

Built for NetSuite is a program for NetSuite SuiteCloud Developer Network (SDN) partners that provides them with information, resources and a method to verify that their applications and integrations, built using the NetSuite SuiteCloud Computing Platform, meet NetSuite’s standards and best practices. The Built for NetSuite program is designed to give NetSuite customers additional confidence that SuiteApps have been built to meet these standards.

The MineralTree Secure AP Automation SuiteApp automates three critical aspects of the AP workflow:

●    Invoice approval - accept, route, and approve invoices via email
●    Payment approval - approve and schedule payments
●    Payment execution - make payments via ACH or automated check fulfillment

Additional capabilities such as document management and reporting allow NetSuite customers to store and access their data anytime, anywhere. All data entered into the MineralTree Secure AP Automation SuiteApp syncs directly back to NetSuite, and vice versa.

According to a recent AFP report, businesses in the US still make half of their payments by check. The MineralTree Secure AP Automation SuiteApp brings simple, affordable, and paperless AP automation to NetSuite customers.

“Having implemented robust finance and accounting practices with NetSuite, the last thing that companies want to do is to fall back to paper-based, manual AP processes,” said BC Krishna, President and CEO of MineralTree.” Still, many companies make the majority of their payments by paper check, and follow poorly controlled manual payments processes. MineralTree changes all that, bringing simplicity, efficiency, security and automation to AP.”

“The MineralTree Secure AP Automation SuiteApp harnesses NetSuite’s powerful cloud accounting capabilities to eliminate paper-based AP processes, and automate approvals and payments,” said Guido Haarmans, NetSuite Vice-President Business Development for Technology Partners. “Integrating directly with our customers’ business bank accounts, MineralTree lets businesses make payments directly from their own bank accounts, which can eliminate payment delays and dual-entry of information.”

MineralTree will be exhibiting at SuiteWorld 2014, NetSuite’s annual user conference for customers, partners, media and industry analysts, being held May 12–15 in San Jose, Calif. To learn more, visit us at booth 101 in the SuiteWorld Expo at the San Jose Convention Center.

For information about Built for NetSuite SuiteApps, please visit http://www.netsuite.com/BuiltforNetSuite. For more information about the integrated solution, please visit http://www.suiteapp.com.

About SuiteCloud

NetSuite’s SuiteCloud is a comprehensive offering of cloud-based products, development tools and services designed to help customers and commercial software developers take advantage of the significant economic benefits of cloud computing. Based on NetSuite, the industry's leading provider of cloud-based financials / ERP software suites, SuiteCloud enables customers to run their core business operations in the cloud, and software developers to target new markets quickly with newly-created mission-critical applications built on top of mature and proven business processes. The complete SuiteCloud offering includes NetSuite’s multi-tenant, always-on SaaS infrastructure; the NetSuite Business Suite of applications (Accounting/ERP, CRM and Ecommerce); and the NS-BOS Development Platform.

The SuiteCloud Developer Network (SDN) is a comprehensive developer program for Independent Software Vendors (ISVs) who build apps for SuiteCloud. All available SuiteApps are listed on SuiteApp.com, a single-source online marketplace where NetSuite customers can find applications to meet specific business process or industry-specific needs. For more information on SuiteCloud and the SDN program, please visit: http://www.netsuite.com/developers.

About MineralTree

MineralTree is a business payments company, delivering real AP Automation to companies looking to simplify payments. Integrated with ERP systems like NetSuite, and customers’ business bank account, MineralTree Secure AP Automation automates and secures invoice and payment approvals, and guarantees against fraud.

NOTE: NetSuite, the NetSuite logo, SuiteCloud and Built for NetSuite are service-marks or trademarks of NetSuite Inc.

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Lauren Mattos
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