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MineralTree Pros and Cons: Top Advantages and Disadvantages

Quick AI Summary Based on G2 Reviews

Generated from real user reviews

Users praise the ease of use in MineralTree, highlighting seamless payment processing and intuitive invoice management. (14 mentions)
Users value the responsive customer support from MineralTree, which enhances their overall experience and satisfaction. (11 mentions)
Users appreciate the time-saving features of MineralTree, significantly reducing their accounts payable processing time. (10 mentions)
Users appreciate the easy payments with MineralTree, ensuring quick processing and user-friendly invoice management. (9 mentions)
Users commend the seamless payment processing of MineralTree, enhancing efficiency and vendor satisfaction in invoicing. (8 mentions)
Users appreciate the seamless integrations of MineralTree with QuickBooks and NetSuite, enhancing efficiency and reducing paperwork. (7 mentions)
Users experience integration issues with MineralTree, leading to inefficiencies and complications in connecting with existing systems. (7 mentions)
Users face payment issues with credit applications and lack visibility on invoice processing stages in MineralTree. (6 mentions)
Users find the delays in ACH payments frustrating, impacting the efficiency of their payment processes. (5 mentions)
Users express frustration with the inability to apply credits directly in MineralTree, necessitating ERP software for this task. (5 mentions)
Users experience inconsistent vendor management with MineralTree, facing issues with invoice handling and vendor payment processes. (4 mentions)

Top Pros or Advantages of MineralTree

1. Ease of Use
Users praise the ease of use in MineralTree, highlighting seamless payment processing and intuitive invoice management.
See 14 mentions

See Related User Reviews

Verified User
A

Verified User

Mid-Market (51-1000 emp.)

4.0/5

"Very solid product"

What do you like about MineralTree?

I like the practicalness and the utility it provides

Verified User
U

Verified User

Small-Business (50 or fewer emp.)

4.0/5

"Mineral Tree 201 Training"

What do you like about MineralTree?

The ease of paying invoices and how fast the payment is processed for our vendors.

2. Customer Support
Users value the responsive customer support from MineralTree, which enhances their overall experience and satisfaction.
See 11 mentions

See Related User Reviews

Verified User
A

Verified User

Mid-Market (51-1000 emp.)

5.0/5

"MineralTree has been a positive experience since the start of integrating the system"

What do you like 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

Verified User
A

Verified User

Mid-Market (51-1000 emp.)

4.5/5

"It has been a great experience working with MineralTree!"

What do you like 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

3. Time-saving
Users appreciate the time-saving features of MineralTree, significantly reducing their accounts payable processing time.
See 10 mentions

See Related User Reviews

Verified User
A

Verified User

Small-Business (50 or fewer emp.)

3.5/5

"Mineral Tree"

What do you like about MineralTree?

I like the automation of the connection between MT and quickbooks. For the most part it has made things a lot quicker for paying vendors. We have trie

Verified User
A

Verified User

Mid-Market (51-1000 emp.)

4.5/5

"Public Biotech Implemenation"

What do you like about MineralTree?

The most helpful aspect of MT for our business has been the user interface for members of our organization who are not in Finance. Prior to our implem

4. Easy Payments
Users appreciate the easy payments with MineralTree, ensuring quick processing and user-friendly invoice management.
See 9 mentions

See Related User Reviews

Maureen S.
MS

Maureen S.

Small-Business (50 or fewer emp.)

4.5/5

"Excellent AP automation software"

What do you like about MineralTree?

Mineral Tree is excellent at automating payable - auto populate invoicing, coding and invoice approvals surely elevated the company standards, approve

Verified User
U

Verified User

Small-Business (50 or fewer emp.)

4.0/5

"Responsive customer support team."

What do you like about MineralTree?

Mineral Tree has an incredibly responsive customer support team. Anytime that an issue pops up all you need to do is put in a ticket with a descriptio

5. Payment Processing
Users commend the seamless payment processing of MineralTree, enhancing efficiency and vendor satisfaction in invoicing.
See 8 mentions

See Related User Reviews

RM

Rakhee M.

Mid-Market (51-1000 emp.)

5.0/5

"A good software for mid-size company"

What do you like about MineralTree?

It is a very good invoicing software affordable for mid-size companies

Verified User
U

Verified User

Small-Business (50 or fewer emp.)

4.0/5

"Mineral Tree 201 Training"

What do you like about MineralTree?

The ease of paying invoices and how fast the payment is processed for our vendors.

6. Integrations
Users appreciate the seamless integrations of MineralTree with QuickBooks and NetSuite, enhancing efficiency and reducing paperwork.
See 7 mentions

See Related User Reviews

RM

Rakhee M.

Mid-Market (51-1000 emp.)

5.0/5

"A good software for mid-size company"

What do you like about MineralTree?

It is a very good invoicing software affordable for mid-size companies

Verified User
U

Verified User

Small-Business (50 or fewer emp.)

4.5/5

"Great AP Automation"

What do you like about MineralTree?

Professional Excellent Service, two-way sync between MT and ERP

Top Cons or Disadvantages of MineralTree

1. Integration Issues
Users experience integration issues with MineralTree, leading to inefficiencies and complications in connecting with existing systems.
See 7 mentions

See Related User Reviews

ML

Mary L.

Mid-Market (51-1000 emp.)

4.0/5

"Sturdy app, responsive support"

What do you dislike about MineralTree?

They are pushy about moving vendors to virtural credit card payment, often with negative results. Also, our transfer to a different ERP was not perfec

Verified User
U

Verified User

Small-Business (50 or fewer emp.)

4.0/5

"Responsive customer support team."

What do you dislike about MineralTree?

Mineral Tree does have a couple of flaws, it could be with the desktop app that we connect Mineral Tree with. There are occasions where our invoices d

2. Payment Issues
Users face payment issues with credit applications and lack visibility on invoice processing stages in MineralTree.
See 6 mentions

See Related User Reviews

PW

Patrick W.

Small-Business (50 or fewer emp.)

4.5/5

"Accounting Manager"

What do you dislike about MineralTree?

Applying credits doesn't seem to always work

Verified User
A

Verified User

Mid-Market (51-1000 emp.)

4.5/5

"It has been a great experience working with MineralTree!"

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 de

3. Delays
Users find the delays in ACH payments frustrating, impacting the efficiency of their payment processes.
See 5 mentions

See Related User Reviews

Verified User
A

Verified User

Mid-Market (51-1000 emp.)

4.5/5

"Public Biotech Implemenation"

What do you dislike about MineralTree?

The biggest downside for us has been that Trasfermate transit times have made it some prohibitive for us to use MT for our international and domestic

Verified User
U

Verified User

Mid-Market (51-1000 emp.)

4.0/5

"It is very easy to use, pay vendors, research payment status and void payments"

What do you dislike about MineralTree?

The time it takes for ACH payments to reach the vendor. And I have to get two signature for payment approval on dollar amounts over 50k

4. Missing Features
Users express frustration with the inability to apply credits directly in MineralTree, necessitating ERP software for this task.
See 5 mentions

See Related User Reviews

PW

Patrick W.

Small-Business (50 or fewer emp.)

4.5/5

"Accounting Manager"

What do you dislike about MineralTree?

Applying credits doesn't seem to always work

Verified User
A

Verified User

Mid-Market (51-1000 emp.)

5.0/5

"MineralTree has been a positive experience since the start of integrating the system"

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 softwar

5. Vendor Management
Users experience inconsistent vendor management with MineralTree, facing issues with invoice handling and vendor payment processes.
See 4 mentions

See Related User Reviews

ML

Mary L.

Mid-Market (51-1000 emp.)

4.0/5

"Sturdy app, responsive support"

What do you dislike about MineralTree?

They are pushy about moving vendors to virtural credit card payment, often with negative results. Also, our transfer to a different ERP was not perfec

Verified User
A

Verified User

Small-Business (50 or fewer emp.)

3.5/5

"Mineral Tree"

What do you dislike about MineralTree?

We had a lot of issues at the beginning, our compnay profile was corrupt and so MT uploaded all our vendor ACH info for us and some numbers were trans

MineralTree Reviews (158)

Reviews

MineralTree Reviews (158)

4.5
158 reviews
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IE
Operational Supervisor
Health, Wellness and Fitness
Mid-Market (51-1000 emp.)
"Comprehensive Global Solution, Best for Larger Businesses"
What do you like best about MineralTree?

MineralTree successfully covers all the workflow through invoice processing and payment

The software work in hand with multiple accounting systems and ERP, helping us in invoice approvals

We monitor and evaluate all the payments made in our company and this gives the firm’s stakeholders a clear financial view

MineralTree is a stronger approach in managing fraud, ensuring that we significantly reduce risks and this is through two factor authentication, OTP, among others

The program is global in its performance, supporting global currencies and international markets Review collected by and hosted on G2.com.

What do you dislike about MineralTree?

MineralTree never suits small businesses, more so those that have minimal markets

Some workflows that needs occasional coding brings some challenges to cover them Review collected by and hosted on G2.com.

KL
Cost Accountant
Accounting
Small-Business (50 or fewer emp.)
"Efficient AP Management with Great Integrations, But Syncing and Value Concerns"
What do you like best about MineralTree?

MineralTree is helpful in covering all the accounts payable and ensuring that they are cleared after approval

The program solidly supports other accounting systems and it ensures all ERP platforms are interconnected

MineralTree improves on efficiency, where it reduces the invoice processing time and all approvals are made on time

The flexibility of payment makes it easy to control fraud and risky payments Review collected by and hosted on G2.com.

What do you dislike about MineralTree?

MineralTree is a premium version of payment service, snd its value for money is not fully realized

The program has syncing issues, which may affect the back up of our payment information Review collected by and hosted on G2.com.

Verified User in Hospital & Health Care
AH
Mid-Market (51-1000 emp.)
"Decent Product"
What do you like best about MineralTree?

They added allocation templates which are decent. Review collected by and hosted on G2.com.

What do you dislike about MineralTree?

While they continue to make changes, I don't feel they listen to their customers about what improvements we want. I have been using this product for 8 years, and I still have the same requests I did when we moved onto MT. 1) They still can't handle credits within MT; 2) They don't have valuable reporting, nor a way to create your own reports; 3) They cannot read ship to addresses to distinguish vendors between locations; 4) They updated the main invoice page and now you have to do more clicks to see everything you need to because they added tabs; and 5) They have not tightened up the invoice coding area. They use too much real estate for coding making it harder to enter. Review collected by and hosted on G2.com.

Sara R.
SR
AP Lead
Mid-Market (51-1000 emp.)
"Easy learnable system"
What do you like best about MineralTree?

The invoice and payment process is a breeze with MineralTree. Review collected by and hosted on G2.com.

What do you dislike about MineralTree?

The only downfall I have is that I can't apply credits within MineralTree. Review collected by and hosted on G2.com.

Response from Elizabeth Raffa of MineralTree

Hi Sara,

Thank you so much for sharing a review - we love to hear from our customers and really appreciate that you took the time to write this!

We're so happy to hear your processes are easy with MineralTree and that you can now use ACH payments. I will pass along your credit application comment to our internal teams. While some of the ERPs we support allow for credit application directly in MineralTree, others currently do not. In those instances, credits are applied directly in the ERP, but the credits do sync to MineralTree to show the amount applied on the invoice.

If you have any questions on this or ever need to reach someone directly at MineralTree, please don't hesitate to contact Customer Success at customersuccess@mineraltree.com or email me at elizabeth.raffa@mineraltree.com. Thanks again for leaving a review!

RM
Accounting Manager
Mid-Market (51-1000 emp.)
"A good software for mid-size company"
What do you like best about MineralTree?

It is a very good invoicing software affordable for mid-size companies Review collected by and hosted on G2.com.

What do you dislike about MineralTree?

Please reach out to bigger companies to increase the revenue Review collected by and hosted on G2.com.

Verified User in Accounting
UA
Small-Business (50 or fewer emp.)
"Mineral Tree 201 Training"
What do you like best about MineralTree?

The ease of paying invoices and how fast the payment is processed for our vendors. Review collected by and hosted on G2.com.

What do you dislike about MineralTree?

Once invoices are paid and approved, there is not a status or retract option. Review collected by and hosted on G2.com.

Ryan B.
RB
CFO
Small-Business (50 or fewer emp.)
"Brewing Efficiency"
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.

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.

Kyle D.
KD
CEO & CFO
Small-Business (50 or fewer emp.)
"Great Product, Great Service"
What do you like best about MineralTree?

To put it simply, it works! We had been through multiple iterations of AP software and workflows This was the first one that did what we needed and did it EFFICIENTLY. Huge timesaver and great piece of mind. It integrates very well with QBO and was easy to setup and use. The support has been great and we now use it all the time to send out quick payments without a bunch of hassle. Review collected by and hosted on G2.com.

What do you dislike about MineralTree?

Looking forward to their updates with document capture. Review collected by and hosted on G2.com.

Maureen S.
MS
Finance consultant
Small-Business (50 or fewer emp.)
"Excellent AP automation software"
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.

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.)
"Very streamlined payment process"
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.

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.