MineralTree

An accounts payable software featuring invoice management, multi-company support, and online banking integration.

Product Overview

MineralTree is an accounts payable automation software. Key features include invoice management, online banking integration, trust accounting, and multiple company management. The software integrates with QuickBooks Online, Xero, Sage, and other popular accounting systems. It also includes invoice capture and separate approval workflows for invoices and payments.

Pros

  • Automatic bi-directional sync with customer bank accounts
  • Integration with NetSuite, QuickBooks, Microsoft Dynamics GP, Sage, and Xero
  • Automated purchase order matching

Cons

  • Focuses mainly on the US market
  • Search functionality could be more granular
  • Navigation requires multiple clicks

Target Market

Mid-market companies with 20-500+ employees that process 100 to 10,000 vendor payments/month.

About MineralTree

MineralTree is a cloud-based software designed for automating the accounts payable process. It encompasses the entire workflow from invoice handling to payment execution, offering a unified and efficient approach.

The platform is known for its ability to integrate seamlessly with several popular accounting systems such as NetSuite, QuickBooks, Microsoft Dynamics GP, Sage Intacct, Sage 50, and Xero. This integration facilitates a bi-directional synchronization with customer bank accounts, ensuring data accuracy and time savings.

MineralTree Key Features

  • Streamlined Workflow: The platform enables a completely online, paperless accounting process. It serves as a centralized database for all records, ensuring clean and clear audit trails.
  • Duplicate Invoice Prevention: A significant feature is the detection of duplicate invoices, which helps in avoiding the costly mistake of double payments.
  • Security Measures: The system incorporates strong payment controls like segregation of duties, dual-factor authentication, and tokenization, effectively safeguarding against internal and external fraud risks.
  • Automated Purchase Order Matching: This feature simplifies matching invoices with their respective purchase orders, enhancing efficiency in the accounts payable process.
  • Discount Management: The platform automatically applies discounts, ensuring businesses don’t miss out on early-payment benefits from vendors.

Target Market

  • Mid-market companies that process 100 to 10,000 vendor payments/month.
  • Fast-growing companies looking to increase accounts payable efficiency without adding headcount
  • Companies with 20-500+ employees

Pricing

  • Subscription-based pricing (SaaS)
  • Starts at $200/month
  • Priced per transaction
  • No free trial available

Video Overview

Starting Price
$200 /month
Price Range Learn More
   $     $     $     $     $   
   $     $     $     $     $   

Product Overview

Related Products

  • Tipalti
    Global partner payment automation system to manage, execute and reconcile the entire process of making outbound payments to partners and suppliers.
  • AvidXchange
    Software for AP and Payment Automation.
  • Online Check Writer
    A software system designed by Online Check Writer.
  • PN3
    An accounts payable management software program from Interactive Document Solutions.

User Reviews of MineralTree

No reviews have been submitted. Do you use MineralTree? Have you considered it as part of your software evaluation process? , and help other organizations like yours make smarter, more informed software selection decisions!