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MineralTree Reviews & Product Details

Verified User in Financial Services
AF
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
(Original )Information
What do you like best about MineralTree?

The customer service is great! They follow-up to make sure your issue has been resolved. They provided an Analytics dashboard to be able to see the bigger picture and be able to drill into categories that you are interested in the dashboard. Review collected by and hosted on G2.com.

What do you dislike about MineralTree?

Would like for staff to be able to have visibility to their invoices at different stages. Would like to be able to see when the payment was direct deposited or wired instead of an estimated date frame. Review collected by and hosted on G2.com.

What problems is MineralTree solving and how is that benefiting you?

They have helped issues with credits, recalling an invoice, voiding a check and changing the payment method of a check to a manual check. Review collected by and hosted on G2.com.

MineralTree Overview

What is MineralTree?

MineralTree provides secure, easy-to-use, end-to-end Accounts Payable and payment automation solutions that reduce costs by more than 75%, increase visibility and control, mitigate fraud and risk, while improving cash flow. More than 2,000 mid-sized companies, as well as more than 25 financial institutions, rely on MineralTree to help transform the finance function from a cost center to a profit center. With MineralTree, you can be up and running in days or weeks.

MineralTree Details
Product Website
Languages Supported
English
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Product Description

Stop manually entering invoices, chasing approvals, waiting for authorizations, and tracking payments. MineralTree Invoice-to-Pay automates the entire invoice-to-payment process - and it works seamlessly with your existing accounting package, so all workflow steps are sync’d automatically—and our multilayer security means you’re guaranteed against fraud!


Seller Details
Company Website
Year Founded
2010
HQ Location
Cambridge, MA
Twitter
@MineralTree
1,155 Twitter followers
LinkedIn® Page
www.linkedin.com
113 employees on LinkedIn®
Description

Mineraltree, Inc. is a financial technology company that specializes in automating accounts payable and payment processes for businesses. Their platform streamlines invoice management, payment approvals, and disbursements, enhancing efficiency and reducing manual errors. With a focus on providing integrated solutions, Mineraltree helps organizations improve their cash flow management and operational workflows. For more information, visit their website at https://mineraltree.com.


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Recent MineralTree Reviews

Oona B.
OB
Oona B.Mid-Market (51-1000 emp.)
4.0 out of 5
"A Good Resource Especially for a Start up or Small Business"
The capture process is very helpful and saves time and stress.
Verified User
A
Verified UserMid-Market (51-1000 emp.)
5.0 out of 5
"MineralTree has been a positive experience since the start of integrating the system"
The Customer Support portal is extremely user friendly and very responsive. Making changes to company settings is easy to navigate without needing ...
Verified User
U
Verified UserSmall-Business (50 or fewer emp.)
5.0 out of 5
"MineralTree is efficient and user-friendly"
Great and userfriendly software. The implementation process was a breeze. Software syncs well with NetSuite. The support team has been very respons...
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MineralTree Media

MineralTree Demo - Accounting Manager Dashboard
Accounting Manager Dashboard
MineralTree Demo - New Invoices Inbox
New Invoices Inbox
MineralTree Demo - Invoices Tab
Invoices Tab
MineralTree Demo - Invoice Approval Section
Invoice Approval Section
MineralTree Demo - Queuing Up Payments
Queuing Up Payments
Play MineralTree Video
Play MineralTree Video

Official Downloads

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151 out of 152 Total Reviews for MineralTree

4.5 out of 5
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151 out of 152 Total Reviews for MineralTree
4.5 out of 5
151 out of 152 Total Reviews for MineralTree
4.5 out of 5

MineralTree Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for MineralTreeQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
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Ryan B.
RB
CFO
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about MineralTree?

MineralTree has really helped us process our payables more efficiently by automating coding, approval routing, and mobile payment approval. The implementation was easy and we were able to start using the software quickly. Its seemless integration with NetSuite has resulted in a significant reduction of paper usage in our office. The customer support team has been able to help us quickly with any issues, which are few and far between. Review collected by and hosted on G2.com.

What do you dislike about MineralTree?

We implemented back in 2018 and at that time the PO matching functionality would not have been effective for us. The primary reason we implemented AP automation was to simplify the approval of invoices and payments. Since PO's are being issued and approved in NetSuite, invoices associated with PO's do not need to be approved, so this has helped us lower the cost of the software by not entering those invoices in MineralTree. Review collected by and hosted on G2.com.

What problems is MineralTree solving and how is that benefiting you?

We previously had all non-PO invoices either signed for approval or emailed for approval. We can now easily review and approve invoices with a few clicks on our phone or computer. We also wanted the ability to pay vendors more securely and timely by using virtual cards or ACH. This has allowed us to take advantage of prompt pay discounts and negotiate better terms with our vendors. We also needed the ability for payments to vendors to be approved remotely as our CEO and CFO travel frequently. Review collected by and hosted on G2.com.

Response from Elizabeth Raffa of MineralTree

Hi Ryan,

Thank you for writing this review. We're delighted to hear that MineralTree has helped your team realize more efficiencies and help ensure your vendors are paid quickly and securely. Thanks again for taking the time to share this excellent feedback.

Maureen S.
MS
Finance consultant
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
(Original )Information
What do you like best about MineralTree?

Mineral Tree is excellent at automating payable - auto populate invoicing, coding and invoice approvals surely elevated the company standards, approvers can view the invoice status (paid or unpaid) without asking the AP team, payment selection and approvals are seem less, check and ACH payments are seemless and easy, great reporting. The implementation team is the best I have seen - knowledgable and responsive! Super happy with Mineral Tree and the whole organization is happy as well. Review collected by and hosted on G2.com.

What do you dislike about MineralTree?

International direct debit payments needs to be faster. Alternatively these can be next day directly with the bank so not a major issue. Review collected by and hosted on G2.com.

What problems is MineralTree solving and how is that benefiting you?

Mineral Tree solved the ACH positive Pay files with my bank. The team was dilligient with following up with my bank to get this working smoothly. Review collected by and hosted on G2.com.

Response from Elizabeth Raffa of MineralTree

Hi Maureen,

Excellent feedback, thank you! We're happy to hear how MineralTree is helping you automate AP, and we really appreciate the kind words about the implementation team and the Positive Pay (CS/Professional Services team). Thanks again for sharing your experience.

Verified User in Non-Profit Organization Management
AN
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
(Original )Information
What do you like best about MineralTree?

MineralTree is our third third-party payment provider and their integation with NetSuite is by far the best integration we've experienced. The vendor and payment integration is seamless and it was up and running immediately upon activation.

I love that we have a dedicated customer success manager that we can contact directly anytime rather than needing to always go through support. With other providers, when issues arose, we always had to open a support ticket and then it wasn't a given that we would hear back. With MineralTree, our customer success manager always responds timely.

Implementation was an absolute breeze. We were up and running within days and within the first week, MineralTree had almost all of our vendors enrolled in the virtual card program that were prevously enrolled with our old provider as well as some new ones and continue to enroll new vendors weekly.

Finally, I love the balance between MineralTree's interaction with our vendors and our ability to support vendors. With other providers, any vendor changes need to go through the provider's portal and it may take days for changes to go through. The reality is that the vendor relationship is with us; not the third party payment provider so we need to have some control over that relationship. MineralTree provides that perfect balance. Review collected by and hosted on G2.com.

What do you dislike about MineralTree?

My only complaint is that MineralTree is a little more expensive than the other services out there; however I do believe that you get what you pay for and we get way better service and a way better platform with MineralTree over the other providers we tried in the past. The slightly higher cost is worth the efficiencies and ease of use we have experienced with MineralTree. Review collected by and hosted on G2.com.

What problems is MineralTree solving and how is that benefiting you?

Fully paperless payment approval and execution; touchless integration with NetSuite. Review collected by and hosted on G2.com.

Response from Elizabeth Raffa of MineralTree

Thank you for sharing your review. We're so glad to hear that you're finding value in MineralTree in so many different ways, especially given your experience using many different AP automation partners! I'll be sure to pass along your comments to the teams you mentioned--thank you again for sharing this wonderful feedback.

David P.
DP
Vice President Of Finance And Operations
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
(Original )Information
What do you like best about MineralTree?

It is intuitive for users and it has pre-built integration to major accounting platforms (we use Sage Intacct). Review collected by and hosted on G2.com.

What do you dislike about MineralTree?

We have found very little to dislike. As an approver, it is hard to get a view of in-process invoices. Review collected by and hosted on G2.com.

What problems is MineralTree solving and how is that benefiting you?

It is eliminating paper in AP processsing. It allows to route for approvals electronically preventing lost invoices and making process more efficient. It handles approvals and payments in one system and it integrates in real time to our accounting system. Review collected by and hosted on G2.com.

Response from Courtney Nigro of MineralTree

Thank you for your review, we love hearing from you!

Oona B.
OB
Senior Accountant
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about MineralTree?

The capture process is very helpful and saves time and stress. Review collected by and hosted on G2.com.

What do you dislike about MineralTree?

Unable to fix sync errors and have to contact support which can delay payments. Review collected by and hosted on G2.com.

What problems is MineralTree solving and how is that benefiting you?

Reducing time of uploading/coding invoices and easily sends approvals Review collected by and hosted on G2.com.

Toni H.
TH
Head Administrator
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about MineralTree?

As a new superintendent of a charter school - I find Mineral Tree ease of use so important to me. It allows me to feel secure that the bills are getting paid securely and quickly. Review collected by and hosted on G2.com.

What do you dislike about MineralTree?

I would like to get an alert on my phone when bills are pending - is there an app? Review collected by and hosted on G2.com.

What problems is MineralTree solving and how is that benefiting you?

It keeps everything organized and I can see what needs to be paid in an organized fashion. Review collected by and hosted on G2.com.

Response from Elizabeth Raffa of MineralTree

Hi Toni,

Thank you for your review - we're so happy to hear that MineralTree is easy for you to use and supports the needs of your AP team and your school. We don't have an app today, though I will pass this note along to the product team! If you have any other feedback, don't hesitate to reach out to us.

Verified User in Oil & Energy
AO
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about MineralTree?

The Customer Support portal is extremely user friendly and very responsive. Making changes to company settings is easy to navigate without needing to reach out to MineralTree for support. Lastly, I really appreciate the various reports that you can pull to analyze data. Review collected by and hosted on G2.com.

What do you dislike about MineralTree?

My only complaint about MineralTree is the inability to apply credits directly in MineralTree. To my knowledge, credits must be applied in ERP software first. Review collected by and hosted on G2.com.

What problems is MineralTree solving and how is that benefiting you?

MineralTree has aided in streamlining biling processes Review collected by and hosted on G2.com.

Connor N.
CN
Financial Analyst
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about MineralTree?

I love the bidirectional sync capabilities of MineralTree, the approval process, and the support is great! Review collected by and hosted on G2.com.

What do you dislike about MineralTree?

nothing. i had to review multiple competitors for a parent/ sub consolidation and ultimately landed on MineralTree for everything we do moving forward. Review collected by and hosted on G2.com.

What problems is MineralTree solving and how is that benefiting you?

preventing double payments, adding layer of reveiw/ approval, and it helps in keeping a cadence. Review collected by and hosted on G2.com.

Response from Elizabeth Raffa of MineralTree

Hi Connor,

This is wonderful feedback, thank you so much for sharing your experience. We're happy to hear you're seeing such success with MineralTree, and if you ever need anything, please don't hesitate to let us know. Thanks again.

Jamie L.
JL
Senior Accountant
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Seller invite
Incentivized Review
What do you like best about MineralTree?

The search options are ideal. And the reporting features are helpful for various tasks such as showing what bills need approved for monthly accruals. As well as supporting that bills are OK to pay by running approval reports. Review collected by and hosted on G2.com.

What do you dislike about MineralTree?

Glitches are inconvenient. Such as we have two A/P accounts to choose from. But sometimes the A/P account changes and I don't know how it got changed because we never use that account for bills processed in MT. This then causes payments from MT to not sync at all to QB. Also our "class" project codes are messed up so I have duplicate options to choose from. MT is setup to default to the lowercase letters, but it does always do this. And if I choose the one with uppercase letters then it will not sync to Quick Books because it is not a valid code. Also sometime a bill will have a broken sync, I don't know why this happens. And if its not paid through Mineral Tree and it is marked as paid in QB, it will not show as paid in MT. The feature in MT to mark a bill as manually paid is not ideal because then my supervisor who approves payments is concerned that a manual payment in Mineral Tree will somehow sync to QB to show it as duplicate paid. I wish the feature for marking things as manually paid stated that it will not sync anything to QB at all, but rather just mark as paid in MT. Also on the new beta I do miss the check mark box for syncing bills to QB. That was something I was used to doing with a checkmark and without the check box it seems less obvious that you are syncing a bill to QB. Review collected by and hosted on G2.com.

What problems is MineralTree solving and how is that benefiting you?

Mineral tree allows all of our A/P invoices to be stored and filed orderly. The approval process is streamlined. And payments are easily managed. Review collected by and hosted on G2.com.

Response from Courtney Nigro of MineralTree

Thank you very much for your feedback, we have passed it off to our Customer Success team to reach out.

MM
Controller
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about MineralTree?

Every invoice is accounted for and in one place. I know if I am waiting on a reply from a colleague or if inventory needs received in to process an invoice with one glance. Review collected by and hosted on G2.com.

What do you dislike about MineralTree?

I have to pay vendors who require a wire outside of MineralTree. Review collected by and hosted on G2.com.

What problems is MineralTree solving and how is that benefiting you?

It has sped up our AP process and made it much more accurate. It has kept us from having to hire a person to do AP. Review collected by and hosted on G2.com.