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MineralTree

Score4.4 out of 10

10 Reviews and Ratings

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What is MineralTree?

MineralTree automates accounts payable and payments by connecting a business' ERP/Accounting Software to their business bank account. Since the October 2021 acquisition it is a Global Payments brand.

Categories & Use Cases

Media

AP and Payment Automation from MineralTree

Reviews

What users are saying about MineralTree.
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Saving time and money with MineralTree

Incentivized
Sylvia JurcicView profile
Accounting Manager in Finance and Accounting at GoSpotCheck (51-200 employees employees)

Pros

  • Recording/reconciliation of transactions.
  • Coding of all transactions done prior to review.

Cons

  • We had some improvements that wanted to be made but so far over the 2 years with them they have made the updates we wanted.

Return on Investment

  • Cost of AP.
  • AmEx integration will allow us to accrue points on our card.

Alternatives Considered

Bill.com

MineralTree can be useful, but consider Bill.com...strongly

Incentivized
Sean DockeryView profile
Controller in Finance and Accounting at RemoteLock (51-200 employees employees)

Pros

  • Great Customer Service. Whenever there is an issue they are very responsive in helping with the issue.
  • At the time it was cheaper than Bill.com for most of the same functionality.
  • Integrated with QuickBooks relatively well.

Cons

  • They did not improve much from a product perspective over the many years I used them, which left them behind other solutions.
  • I had constant issues with checks not being received by vendors.
  • No international payment transfers.

Return on Investment

  • They made it possible to not have an AP department due to the efficiency of their online platform which in turn saved us money and time.
  • The non-receipt of payments made us look bad to vendors.

Alternatives Considered

Bill.com

Other Software Used

QuickBooks Online, NetSuite

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