MineralTree, TransferMate work to improve global B2B payment options

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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.

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