MineralTree Invoice-to-Pay

MineralTree Invoice-to-Pay

AP & payment automation solution

4.3/5 (63 reviews)

MineralTree Invoice-to-Pay Overview

MineralTree Invoice-to-Pay is an end-to-end AP automation solution which automates the entire invoice-to-payment process using existing accounts payable workflows, so businesses don't need to change the way they operate. Key features include automatic invoice capture, advanced invoice routing, authorizations on-the-go, electronic payments, and more.

Fully integrated with their ERP, users can centralize processes, improve accuracies, and increase efficiencies. The solution solution includes two-way integration (automatic sync) with NetSuite, Sage Intacct, QuickBooks, Microsoft Dynamics GP, Xero and Sage 50. And, check and electronic payments are processed directly from the business’s bank.

Pricing

Starting from
N/A
Pricing options
Free Trial
Subscription
Value for money

Devices

Business size

S
M
L

Markets

United States

Supported Languages

English

MineralTree Invoice-to-Pay Reviews

Overall rating
4.3/5
92% positive reviews
29
Excellent
29
Very good
4
Average
0
Poor
1
Terrible
Darcy B.

I have used many features of the mineraltree system and found each one user friendly.

Used Daily for 2+ years
Reviewed on 2018/06/29
Review Source: Capterra

Ease of tracking, reconciling and vendor payments

Pros

The mineraltree system seems to be ahead of most. The sync capabilities with various accounting software has made invoice paying less cumbersome. The ability to scan invoices and able to search and retrieve for verification has been eased. Our approval process is a two part and being able to simply scan, submit, verify and pay has cut down on wasted time as well as wasted money. We currently use QuickBooks and have found the sync process is easy and fast. We are able to get vendors paid and payments posted quickly. The ACH payment process in the beginning took some getting use to but now that I am use to the process, it is my preference however not all vendors we deal with utilize ACH yet. Overall, we have been very happy with all mineraltree has to offer and all their improvements over the years.

Cons

It took some getting use to but as with any software there is a learning curve. ACH payments are the most difficult if you are syncing with Quickbooks and your bank. When a ACH payment is paid its not broken out in your banking reconciliation as to who was paid it is just an amount so if you have multiple ACH payments on the same day it is not clear who is paid what. I have learned to date my payments days apart as to not have this lump sum amount. I find it very simple now and just requires a payment date to be entered in mineraltree that separates ACH payments.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

9.0/10
Kristi D.

Slashing Time

Used Daily for 1+ year
Reviewed on 2016/06/21
Review Source: Capterra

We started using MineralTree hard and fast. We utilized the multiple review & approval process, the document capture and nearly every payment method possible. We saved time being able to pull documents for audit with the great search feature. This used to be time consuming searching in filing cabinets. The payment process saves time where we used to print manual checks, stuff the envelopes and then attach the bill stub to be filed. Now it is at the push of the button. So many of my vendors have commented how they appreciate the email remittance that is sent out with each payment. Then things amped-up when Invoice Automation rolled out. This cut processing time in half.

Pros

The ability to capture and retain documents for review and recovery has been a wonderful resource. Being able to streamline the review, approval, and payment process with such ease has made the accounts payable process mobile which works great with our company. Most of all the continued improvement of the software impresses me. MineralTree continues to strive to fill gaps and provided services that directly benefit the A/P process .

Cons

There is still an opportunity to solve the issue of vendors that require an additional document be included with a payment. These payments are currently still done manually outside of MineralTree.

Response from MineralTree

Thanks for taking the time to review MineralTree, Kristi! Later this year you will see enhancements to our vendor remittance emails allowing you to attach additional documentation.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

10.0/10
Brooke R.

Great Tool To Streamline AP Invoice Entry and Payments

Used Daily for 6-12 months
Reviewed on 2016/06/22
Review Source: Capterra

MineralTree has been great to work with-especially in terms of feedback. When we originally started using the software, some features were missing that we really wanted to see added, so we shared our feedback with the CS Team and our requests were answered in the next two releases. That is immensely valuable as we know that if our needs ever changed and we required the software to function in a different capacity, we could work with the MineralTree team to devise a solution to fit our needs. There have been very few issues thus far, the only one worth mentioning being a glitch that caused a delay in invoice processing for a day or two; upon reporting the issue the team immediately responded and kept us informed of the status of the fix so we were never left wondering. The amount of time spent capturing vendor invoices has been greatly reduced, and errors minimized since entry is automated. Now, instead of spending time on data entry we can automate that portion and better utilize our staff for approval and review, and other more meaningful tasks that can add value to the business versus simply keying in invoices. While we don't utilize the system for Payments currently, I've personally used the software for another business and leveraged Payments. The Payments made check issue incredibly easy, especially when the check-signer was busy or out-of-town. Overall, highly recommend and very pleased.

Pros

Easy to use, streamlined AP processes well, highly responsive customer service team, very collaborative and user-focused. Not a sign-up and never hear from them again kind of company - very engaged and a rarity in today's marketplace.

Cons

Would like the window pop-up for invoice entry to be larger so it fills more of the screen overall like the homepage does. Other than that, really no complaints to date.

Response from MineralTree

Thanks for the review, Brooke. You'll be excited to hear that we will be enhancing the invoice screen in an upcoming feature release. Stay tuned!

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

10.0/10
Patrick H.

Very effective and highly functional platform

Used Weekly for 6-12 months
Reviewed on 2016/11/10
Review Source: Capterra

I think the MineralTree product configuration is very logical, with sound separation of the different fiscal management responsibilities, vendor and invoice processing controls, and payment disciplines. In that much of our staff works remotely, MineralTree offers our multiple users an easy to navigate platform that readily allows them to focus on their part in the process for entering, approving, and paying vendor invoicing activity. The process workflow is very straightforward, offering a range of (invoice) in-process management tools and reporting options to keep each of the individual users well informed throughout the transaction cycle. While I have only interacted with their customer support staff on a few occasions, they were very prompt and thorough in responding back to my requests. Transactional history is readily accessible through a variety of different reporting and visualization options, offering a full range of accounting and financial management alternatives for tracking our Company's activity. I would recommend the MineralTree platform to other organizations looking to simplify the cash disbursements cycle in their Company, particularly those working in decentralized approval environments.

Pros

Configuration is very logical, with sound separation of the different fiscal management responsibilities, vendor and invoice processing controls, and payment disciplines.

Great for remote or decentralized staffing environment

Process workflow is very straightforward

Thoughtfully designed in-process management tools and reporting options

Customer support staff have been very prompt and thorough

Cons

May create some process flow challenges for smaller staffed organizations that may lack the staff leveling opportunity for the different authorization and approval levels built into the platform. I think this can be readily addressed in the approach you take to defining how the process flow will work within your unique operating group.

Response from MineralTree

Patrick, we appreciate your review and are so happy to hear you would recommend MineralTree!

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

8.0/10
Jennifer (miki) T.

MineralTree has assisted me by allowing me to use email less & by tracking the history of invoices.

Used Daily for 6-12 months
Reviewed on 2018/03/27
Review Source: Capterra

Better time management and a faster way to get items approved so I may pay them quickly.

Pros

I like that I may use it with Intacct fairly efficiently. My emails have gone down exponentially since we added MineralTree last year. With so many people offsite, plus with certain in-house authorizers known to lose paperwork, digital was the way to go. However, by using email to send invoices and get the approvals back, I felt like all I did was babysit my A/P email all day, not to mention that I had to stalk some people who simply refused to address the emails. Now I can have most invoices sent by email to my invoice reader account, which drops into MineralTree. I can access it ASAP, or let it read it. If the vendor has one approver, that's set up too, hence cutting down a lot of time attempting to get a simple code and approve done. Truly a time saver.

Cons

There are times I get shuttled into places I didn't attempt to go to, so the system will begin filling in account codes, the wrong approver, etc. Other times I sit waiting for my screen to move, which takes away some of the efficiency I got back from moving things out of email. About 30% of the time, I have to kill the tab, sign back in, and start over. There are times it's my fault because I clicked on something too quickly, but sometimes it just "happens". Glitches are fairly frequent compared to Intacct.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

8.0/10

MineralTree Invoice-to-Pay Pricing

Starting from
N/A
Pricing options
Free Trial
Subscription
Value for money

MineralTree's all-inclusive approach means no user fees, transaction fees, or surprises.
Users pay a one-time fee for onboarding and training, and a fixed, monthly or annual fee that is based on the volume of invoices processed, payments made, level of automation, and terms of service.

MineralTree Invoice-to-Pay Features

  • API
  • Accounting Integration
  • Accounting Management
  • Activity Dashboard
  • Automatic Notifications
  • Electronic Payments
  • Invoice Management
  • Invoice Processing
  • Real Time Data
  • Third Party Integration
  • Workflow Management

  • Billing & Invoicing
  • Compliance Management
  • Customizable Reporting
  • Data Import/Export
  • Expense Tracking
  • Financial Analysis
  • Multi-Currency
  • Receiving
  • Reporting & Statistics

Additional information for MineralTree Invoice-to-Pay

Key features of MineralTree Invoice-to-Pay

  • API
  • Accounts Payable Automation
  • Approval Process Control
  • Cash Management
  • Fraud Detection
  • Fraud Protection
  • Invoice Approval
  • PO Matching for NetSuite
  • Payment Approval
  • Payment Automation
  • Process Control
  • Purchase Orders

Benefits

  • Automated Invoice Capture: Eliminate manual invoice entry with automated invoice capture. Available for documents uploaded or emailed by the user and their vendors, MineralTree's process uses a combination of OCR technology and human reviewing that is 99.5% accurate to extract header and line-item information from invoices.

  • Simplified Payments Process: Consolidated approval process for all types of payments, including check, ACH, credit card, or virtual card. MineralTree offers a vendor matching program to enable businesses to move more AP spend onto cards.

  • Bi-Directional Synchronization: A two-way, real-time sync with NetSuite, QuickBooks, Microsoft Dynamics GP, and Intacct enables bills to be entered into either platform and information to continually be synced.

  • Multi-Entity Support: Users can either sync individual entities to individual MineralTree companies or sync all of them to one MineralTree company via the root entity.

  • No Settlement Accounts: A direct integration with an existing business bank account enables MineralTree to send check and ACH payments directly from the account. Checks are printed with the user's business information, address, and signature. Electronic remittance details, including a list of invoices paid, are sent directly to vendors.

  • MineralTree Invoice-to-Pay FAQs

    Below are some frequently asked questions for MineralTree Invoice-to-Pay.

    Q. What type of pricing plans does MineralTree Invoice-to-Pay offer?

    MineralTree Invoice-to-Pay offers the following pricing plans:

    Pricing model: Subscription

    Free Trial: Not Available

    MineralTree's all-inclusive approach means no user fees, transaction fees, or surprises.
    Users pay a one-time fee for onboarding and training, and a fixed, monthly or annual fee that is based on the volume of invoices processed, payments made, level of automation, and terms of service.

    Q. What are the main features of MineralTree Invoice-to-Pay?

    MineralTree Invoice-to-Pay offers the following features:

    • API
    • Accounts Payable Automation
    • Approval Process Control
    • Cash Management
    • Fraud Detection
    • Fraud Protection
    • Invoice Approval
    • PO Matching for NetSuite
    • Payment Approval
    • Payment Automation
    • Process Control
    • Purchase Orders

    Q. Who are the typical users of MineralTree Invoice-to-Pay?

    MineralTree Invoice-to-Pay has the following typical customers:

    Large Enterprises, Mid Size Business, Non Profit, Public Administrations, Small Business

    Q. What languages does MineralTree Invoice-to-Pay support?

    MineralTree Invoice-to-Pay supports the following languages:

    English

    Q. What type of pricing plans does MineralTree Invoice-to-Pay offer?

    MineralTree Invoice-to-Pay has the following pricing plans:

    Subscription

    Q. Does MineralTree Invoice-to-Pay support mobile devices?

    We do not have any information about what devices MineralTree Invoice-to-Pay supports

    Q. What other apps does MineralTree Invoice-to-Pay integrate with?

    MineralTree Invoice-to-Pay integrates with the following applications:

    Microsoft Dynamics GP, NetSuite, NetSuite OneWorld, QuickBooks, QuickBooks Online, Sage 50cloud, Sage Intacct, Xero

    Q. What level of support does MineralTree Invoice-to-Pay offer?

    MineralTree Invoice-to-Pay offers the following support options:

    FAQs, Knowledge Base, Online Support, Phone Support, Video Tutorials