Olympia Hospitality's AP Automation Implementation Insights

This guide presents a detailed account of Olympia Hospitality's journey in automating their accounts payable (AP) processes using MineralTree and Sage Intacct. The discussion features insights from Nicole Snyder, Director of Corporate Accounting at Olympia, and John Carbone, Implementation Manager at MineralTree. The document outlines the steps taken from vendor selection to achieving a measurable return on investment (ROI) within a few months. Key aspects include the importance of selecting the right AP automation partner, managing multi-entity implementations, and optimizing payment processes. The guide emphasizes the need for a structured approach during implementation, including regular communication and training for staff. It also highlights the benefits of using virtual card payments for vendor transactions, which can lead to rebates and improved cash flow. The insights provided are designed to assist other AP professionals in navigating similar automation challenges and achieving successful outcomes.