MineralTree, TransferMate work to improve global B2B payment options
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.