MineralTree Reviews and Ratings

Rating: 4.4 out of 10

Score

4.4 out of 10

Community insights

TrustRadius Insights for MineralTree are summaries of user sentiment data from TrustRadius reviews and, when necessary, third party data sources.

Pros

Centralized Approval Platform: Many users appreciate MineralTree for its centralized platform that keeps all approvals in one place, eliminating the risk of lost approvals. This feature has been mentioned by several reviewers as a key benefit.

Seamless Sync with Accounting Software: The dual sync feature between MineralTree and accounting software is highly valued by users, as it allows for a seamless approval to payment process. Reviewers have praised this feature for its efficiency and convenience.

Secure Vendor Payments: Users find MineralTree valuable for securely paying vendors with credit cards. Multiple reviewers have specifically mentioned this aspect as a positive feature of the software, highlighting its importance in maintaining secure transactions.

Reviews

2 Reviews

Saving time and money with MineralTree

Rating: 10 out of 10

Incentivized

February 22, 2019

Use Cases and Deployment Scope

We use MineralTree to streamline our AP process. The connection to Netsuite has helped up save time in recording transactions. The implementation has allowed us to avoid hiring an individual for the AP process. We are also looking into the AmEx integration for more time/cost savings.

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.

Likelihood to Recommend

If you are looking to save time on recording transactions. This has been a great time saver, all transactions are easily reconciled and they are automatically posted in Netsuite.

Sylvia Jurcic

Accounting Manager in Finance and Accounting at GoSpotCheck (51-200 employees)

Vetted Review

2 years of experience

View profile

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

Rating: 5 out of 10

Incentivized

February 22, 2019

Use Cases and Deployment Scope

MineralTree was used as an AP automation software. It was used to streamline our AP process and implement controls for our small accounting team. It alleviated the issue with e-mailing and/or hand signing approvals of bills as well as check printing.

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.

Likelihood to Recommend

It's well suited if you would like to negotiate a good price and you are a small company needing an AP solution. However, I would say stick to Bill.com if you want a solution you can grow with.

Sean Dockery

Controller in Finance and Accounting at RemoteLock (51-200 employees)

Vetted Review

4 years of experience

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