MineralTree has retooled its platform so midsize corporations may process domestic and international invoices through one channel, and the firm has also formed a partnership with TransferMate to improve users' global currency payment options.
The upgrades to Cambridge, Mass.-based MineralTree’s accounts payable solution enable corporations to automatically capture, process and approve international invoices through the same channel they use to process domestic invoices, MineralTree said in a Thursday press release.
The change will also enable MineralTree users to reconcile invoice exchange rates in local currency, the release said.
Through a new partnership with Dublin, Ireland-based TransferMate, MineralTree users also may pay invoices in more than 130 different local vendor currencies, with foreign exchange rates locked in when payments are initiated, the release said.
