For many organizations, accounts payable (AP) functions are weighed down by manual, ad hoc, paper-based processes, weak controls, and insufficient protection from payment risk and fraud. The result is a payable backlog that is both costly and resource-intensive.
First Horizon has teamed with the award-winning payables technology company, MineralTree, to provide businesses like yours an end-to-end solution that helps automate your entire invoice-to-payment process.
Your business will quickly enjoy direct, tangible back-office benefits by choosing to eliminate manual AP processing and implement the Invoice-to-Pay solution, including:
Streamline and improve internal accounts payable workflow.
Easily integrate with popular accounting systems.
Cash out control
Precisely time and future-date payments for maximum benefit.
Improved internal controls
Built-in controls to manage invoice approval (based on defined roles and amounts), and alerts to ensure proper oversight.
Business Financial Insights