Myro’s research and development efforts involve the purchase of a variety of lab supplies and reagents. As a newly formed biotech company, Myro was looking for an Accounts Payable (AP) system to avoid the processes of manual invoice input, PO matching, invoice and payment approval, and free up its staff.
MineralTree’s Total AP system combines sophisticated workflow automation and ease of use to enable both its scientific and finance teams to work more efficiently.
With MineralTree’s TotalAP solution Myro will be able to automate its payment workflows and streamline the entire invoice-to-pay process. Supplier invoices will come into Myro’s procurement system to be matched with corresponding purchase orders, sync into its QuickBooks accounting system, and then sync into MineralTree. From there invoices will be automatically routed to the right individuals for approval and payments will be dispersed via the supplier’s preferred method, including virtual card, ACH, or check. Once a payment is made, MineralTree automatically updates QuickBooks to streamline reconciliation.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.