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MineralTree

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Company health

Employee growth
1% increase in the last year
Web traffic
11% increase in the last quarter
Financing
June 2020 - $120M

Ratings

Glassdoor
3.7/5
(48)

MineralTree description

MineralTree offers easy-to-use software to automate your company's bill payments. It helps you save time and money by streamlining how you handle invoices, get approvals, and make payments. Designed for mid-sized businesses, MineralTree integrates with your existing accounting systems and promises a fast setup. It helps reduce errors, improves security against fraud, and gives you better control over your cash flow.


Who is MineralTree best for

MineralTree simplifies and automates bill payments for mid-sized businesses. It integrates with accounting systems like QuickBooks and NetSuite, automating invoice processing, approvals, and payments. Users praise its excellent customer support and automated features, while some note occasional syncing issues and limited vendor search capabilities.

  • Best fit for mid-sized businesses.

  • Suitable for various industries.


MineralTree features

Type in the name of the feature or in your own words tell us what you need
Supported

MineralTree integrates with accounting software like QuickBooks, NetSuite, and Sage Intacct.

Supported

MineralTree automates invoice processing, reducing manual work.

Supported

MineralTree automatically detects and flags duplicate invoices.

Supported

MineralTree automates invoice approval routing and tracking, improving visibility and preventing delays.

Supported

MineralTree sends payment files to banks via ACH payments as part of its AP automation.

Supported

MineralTree integrates with accounting systems like QuickBooks, NetSuite, and Sage Intacct.

Qualities

We evaluate the sentiment that users express about non-functional aspects of the software

Customer Service

Strongly positive
+1

Ease of Use

Strongly positive
+0.79

Reliability and Performance

Rather positive
+0.57

Ease of Implementation

Strongly positive
+1

MineralTree reviews

We've summarised 147 MineralTree reviews (MineralTree G2 reviews) and summarised the main points below.

Pros of MineralTree
  • Excellent customer support, very responsive and helpful.
  • Automated invoice data entry with AI.
  • Two-way sync with accounting software like Quickbooks and Netsuite.
  • Streamlined invoice approval process, accessible remotely.
  • Automated payment options including ACH and virtual credit cards.
Cons of MineralTree
  • Difficult vendor search if not enough of the vendor name is entered.
  • Applying credits can be unreliable.
  • Inability to handle wire payments within MineralTree.
  • Sync issues with Quickbooks, especially regarding payment dates.
  • Glitches with AP accounts changing unexpectedly and duplicate project codes causing sync failures with Quickbooks.

MineralTree pricing

The commentary is based on 10 reviews from MineralTree G2 reviews.

MineralTree's pricing is generally considered higher than competitors, but many users feel the robust features, seamless integrations, and excellent customer support justify the cost. Some users mention transaction fees in addition to the subscription cost. While expensive, the efficiency gains and time savings are often cited as outweighing the higher price.

Users sentiment

Neutral
+0

MineralTree alternatives

  • Logo of Tipalti
    Tipalti
    Better for larger enterprises and global businesses needing tax compliance and broader payment options. Has more momentum currently.
    Read more
  • Logo of BILL AP/AR
    BILL AP/AR
    Better fit for companies focused on domestic US business. Caters to a wider range of industries. Has experienced significantly more momentum recently.
    Read more
  • Logo of Rillion
    Rillion
    Better suited for larger enterprises. Has grown its team significantly more. Higher rated by users, but some report long support response times.
    Read more
  • Logo of Xero
    Xero
    Better for core accounting functionalities. Broader industry fit. More positive user reviews, especially regarding ease of use. Consider Xero as a MineralTree alternative if core accounting is your priority.
    Read more
  • Logo of Glean.ai
    Glean.ai
    Better for spend analysis and offers more positive user reviews. Focuses on US-based mid-sized companies. Handles ACH and check payments.
    Read more
  • Logo of SutiAP
    SutiAP
    Better fit for enterprise companies. Fewer features. No data on user satisfaction or momentum.
    Read more

MineralTree FAQ

  • What is MineralTree and what does MineralTree do?

    MineralTree is accounts payable (AP) automation software designed for mid-sized businesses. It streamlines invoice processing, approvals, and payments, integrating with existing accounting systems. This helps save time, reduce errors, and improve cash flow control.

  • How does MineralTree integrate with other tools?

    MineralTree integrates with popular accounting software like QuickBooks, NetSuite, and Sage Intacct. It enables two-way synchronization with these platforms, automating data entry and streamlining invoice and payment processes.

  • What the main competitors of MineralTree?

    MineralTree's main competitors include BILL, Rillion, Coupa, SAP Concur, and Pluto. These alternatives offer similar features for AP automation, invoice processing, and spend management, catering to various business sizes and needs.

  • Is MineralTree legit?

    Yes, MineralTree is a legitimate software solution for automating bill payments. It integrates with existing accounting systems and is known for its excellent customer support and automated features. However, some users have reported sync issues and difficulties with specific functions.

  • How much does MineralTree cost?

    I couldn't find pricing details for MineralTree. For the most current pricing information, it's best to visit MineralTree's website or contact their sales team directly. This will ensure you get the most relevant details for your specific needs.

  • Is MineralTree customer service good?

    MineralTree receives positive feedback for its customer service. Users highlight the responsive and helpful support team, readily available through various channels like chat and Zendesk. They appreciate the quick resolution of issues and thorough follow-up.


Reviewed by

MK
Michal Kaczor
CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

TT
Tymon Terlikiewicz
CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.