MineralTree is an online accounts payable and automation platform that aids businesses in automating payment and invoice processes. The software lets user simplifying payment operations, gain access to information required for auditing, preserving ERP system of record, and curbing manual data entry work via two-way synchronization.
MineralTree offers integration to QuickBooks, Microsoft Dynamics GP, Intacct, and NetSuite which lets users preserve their current accounting system as well as payment workflow while effectively organizing their payment operation.
The platform can be used by financial institutions to help users assist their customers in automating B2B payments and business invoice processes as well as protection from illegal online payment schemes. MineralTree has bi-directional syncing functionality between both systems to ensure data is shared exclusively between the two.
Users can make use of their current workflows in routing invoices for official approval. In addition, the software divides user types, which means it can be optimized to the individual using it.
MineralTree allows users to get their payables system centralized by merging different payment types into a single, manageable, and unified digital file.
Lastly, the online platform offers technical support in the form of email, phone, and an online knowledge base.
Product Quality Score
Ease of use
Value for money
Main features of MineralTree are:
Automatic Invoice Capture
On-the-Go Payment Authorization
Approval Process Control
The main benefits of MineralTree are its automated payment and invoicing features that are of significant help for small and medium-scale businesses. Specifically, here are the advantages users can expect from the system:
The platform has an Invoice-to-Pay feature that lets users scan their invoices in bulk and converting them to PDF files for easy access later. Invoice documents can be linked with invoice information and they can easily be posted back to the user’s accounting application.
The functionality lets users email and uploads documents or it allows their vendors to email their invoice to them. These can be done while integrating MineralTree to the user’s current accounting software.
Approvals can be endorsed the proper way either by the name of the vendor or invoice data. Businesses can curb waiting for approvals as the platform can accomplish this with a single button click. Invoice approvals for all invoices or selected invoices can be managed before payments are made.
MineralTree has mobile integration which lets users utilize their mobile device to seamlessly schedule, review, and authorize payments whenever and wherever.
The platform lets users authorize multiple or single payments. It deploys a two-factor payment verification process that adds an extra security layer to prevent fake or unauthorized transactions. The advanced security functionality sends authorized checks and ACH payment information straight to the user’s bank.
Payments will no longer undergo clearing or settlement accounts as they are recorded automatically to the user’s existing accounting system.
Customer Support Types
The following MineralTree integrations are currently offered by the vendor:
Microsoft Dynamics GP
MineralTree pricing is available in the following plans: