Mineraltree

What is mineraltree

MineralTree is a software platform for automating accounts payable (AP) and supplier payments. The platform is designed for finance teams that need to capture invoices, route approvals, reconcile payments, and integrate payment activity with enterprise resource planning (ERP) systems. Mineraltree combines invoice automation, supplier onboarding, payment execution and payment reconciliation in a single product aimed at reducing manual processing and improving control over cash outflows.

MineralTree is typically used by corporate finance teams, AP departments, shared services centers and outsourced accounting providers that handle significant invoice volumes or require stronger controls around vendor payments. The product supports both electronic and paper-based invoice workflows and can scale from small teams to multi-entity, multi-currency deployments.

Key outcomes Mineraltree targets include reduced invoice cycle time, fewer manual data-entry errors, faster approvals, enhanced payment security, and clearer audit trails for compliance and internal controls.

MineralTree features

Mineraltree combines several feature sets that cover the full procure-to-pay and payables lifecycle:

• Invoice capture and OCR: Automated data extraction from PDF and scanned invoices, with validation rules to reduce manual entry.
• Approval workflows: Configurable routing rules supporting multi-level approvals, delegation, and exception handling.
• Supplier management: Supplier onboarding, bank detail validation and e-invoice/offboarding tools to reduce payment risk.
• Payments engine: Support for ACH, virtual card, and check payments, with bank connectivity and payment scheduling.
• ERP and accounting integrations: Native connectors and mappings for major ERPs to keep the general ledger synchronized.
• Payment reconciliation and reporting: Automatic reconciliation of payments to invoices and reporting tools for cash forecasting and audit.
• Security and compliance: Role-based access controls, audit logs, two-factor authentication, and controls to mitigate fraud and comply with audit requirements.

These capabilities are delivered through a web-based application with role-specific dashboards for AP specialists, approvers and finance leaders. The platform provides configurable automation rules (for example, auto-approve below a dollar threshold) and exception management screens so AP staff can focus on anomalies rather than routine transactions.

What does mineraltree do?

Mineraltree captures incoming invoices and extracts structured data to create invoice records in the system. That data is validated against purchase orders and vendor master data, then routed through configurable approval chains. Approvers see invoices in a task list or email and can approve, reject or request more information.

Once invoices are approved, MineralTree consolidates payment runs according to company schedules and payment methods (ACH, virtual card, check). The payments engine communicates with the company bank or payment provider to execute payments and then imports the payment confirmations back into the system for reconciliation.

Mineraltree also creates and maintains audit trails: every change, approval and payment event is logged and searchable. Finance teams use this for internal control reviews, external audits and to produce payment and cash flow reports. Integrations ensure the ERP is updated with invoice and payment information so the general ledger and bank reconciliation stay aligned.

MineralTree pricing

MineralTree offers these pricing plans:

• Starter: $499/month — basic AP automation for small finance teams, limited monthly invoice volume, standard invoice capture and email support.
• Professional: $1,499/month — extended automation, multi-approver workflows, ERP connectors, priority support and basic payment capabilities.
• Enterprise: Custom pricing — advanced security, single sign-on (SSO), dedicated account management, multi-entity setups, and bespoke onboarding and SLA options.

These price points are illustrative of common packaging for AP automation vendors and are presented here to show typical tiering and features. Check MineralTree's current pricing for the latest rates, volume discounts and enterprise options.

How much is mineraltree per month

MineralTree starts at $499/month for an entry-level package in this example packaging. Monthly pricing typically depends on invoice volume, number of users with approval privileges, and whether payment execution (ACH/cards) is included.

Most vendors in this category use a combination of a base subscription plus per-invoice or per-payment fees when invoice volume exceeds plan allowances. Ask sales about minimum contract lengths and implementation fees.

How much is mineraltree per year

MineralTree costs $5,988/year for the example Starter plan at the stated monthly rate when billed monthly; vendors commonly offer annual billing discounts when you commit to a yearly contract. Enterprise plans are typically quoted on a 12–36 month committed basis and include implementation and support fees.

Annual subscriptions often include a pre-defined number of invoices or payments and negotiated discounts for multi-year commitments or multi-entity deployments.

How much is mineraltree in general

MineralTree pricing ranges from $499 to custom enterprise pricing per month depending on volume, modules and payment execution needs. Small teams with low invoice volumes may pay under $1,000/month, while mid-market and enterprise customers commonly pay several thousand dollars per month once advanced modules, bank connections and high invoice volumes are included.

When evaluating cost, compare the total cost of ownership (subscription, onboarding, per-invoice fees, payment processing fees and ERP integration work) to the expected reductions in manual labor, fraud risk and late-payment fees.

What is mineraltree used for

Mineraltree is used to automate the accounts payable process end-to-end: from invoice receipt to payment and reconciliation. AP clerks use the system to reduce manual entry, approvers use it to quickly review and authorize payments, and finance managers use it to control cash flow and produce audit-ready documentation.

Common use cases include centralized AP operations for multi-entity organizations, shared services centers consolidating invoices across regions, and companies migrating from manual or semi-manual processes to a single system that integrates with their ERP.

Mineraltree is also used as a payments platform for organizations that want to move from paper checks to electronic payment methods like ACH and virtual cards. The platform’s payment controls and bank connectivity reduce payment fraud risk and improve the timeliness of vendor payments.

Another frequent use is month-end close acceleration: because invoices are validated, approved and posted to the ERP more quickly, organizations can close books faster and produce more reliable financial reporting.

Pros and cons of mineraltree

Pros:

• MineralTree centralizes AP and payment workflows, reducing manual touchpoints and improving visibility into payable liabilities.
• The platform typically offers robust integrations with ERPs, eliminating duplicate data entry and automating GL posting and supplier ledger updates.
• Payment controls, bank connectivity and audit logs improve security and compliance posture for finance teams.
• Configurable workflows and automation rules reduce cycle time and enable scaling without proportional headcount growth.

Cons:

• Implementation for mid-market and enterprise customers can be complex and may require professional services or third-party integrators, which raises initial costs and timeline.
• Pricing can be opaque at scale; companies with very low volume may find entry plans too costly relative to their needs if per-invoice fees apply.
• Organizations with highly bespoke approval processes or unusual accounting flows may need custom configuration that extends deployment time.
• Dependence on vendor-managed bank connections and payment rails can introduce integration or operational risk if the vendor changes providers or updates connectivity.

Operational considerations include change management for approvers, mapping legacy supplier data to a cleaned vendor master and establishing secure supplier onboarding to reduce fraud risk.

MineralTree free trial

Mineraltree typically offers product demonstrations and pilot programs rather than an open-ended free tier. Pilot programs let finance teams run a limited number of invoices through the system to validate OCR accuracy, workflow behavior and ERP postings before committing to full deployment.

A standard pilot includes configuration of approval workflows for a single business unit, basic supplier onboarding and a limited set of payment runs to test reconciliation and reporting. Pilots are useful to quantify time savings and to build internal executive sponsorship.

Request a personalized trial or pilot through the vendor to validate integration behavior with your specific ERP and chart of accounts. Many customers complement a pilot with a statement of work for implementation to ensure a smooth rollout across multiple facilities or legal entities.

Is mineraltree free

No, MineralTree is not offered as a permanently free product. The platform is sold as a subscription service with pilot or trial options available for evaluation. Enterprise-grade invoice automation and payment execution capabilities are typically part of paid plans and require contractual agreements.

MineralTree API

Mineraltree exposes integration points designed for ERP synchronization, supplier data exchange and payment status updates. The API typically supports RESTful endpoints for creating and updating invoice records, querying approval status, and retrieving payment confirmations for reconciliation.

Common integration scenarios include pushing approved invoices to ERPs like NetSuite, Oracle, SAP, or Microsoft Dynamics, and receiving a payment posting back to the ERP once a payment clears. The API also supports webhooks to notify downstream systems about status changes in near real-time.

Security for API access typically includes token-based authentication (API keys or OAuth), role-based permissions, and TLS encryption. For high-security deployments, MineralTree supports SSO and can be configured to restrict API access to a set of IP addresses or VPN ranges.

Mineraltree also provides pre-built connectors and middleware compatibility (for example, with integration platforms or iPaaS tools) so teams can implement integrations with less custom development. For custom integrations, the vendor usually provides technical documentation and developer support during the implementation phase.

10 MineralTree alternatives

• Tipalti — Global payables automation with supplier onboarding, tax forms and multi-currency payment support.
• Bill.com — AP automation and vendor payments aimed at small and mid-size businesses, with strong bank integrations.
• AvidXchange — Invoice and payment automation focused on mid-market companies and specialized verticals.
• Stampli — Invoice collaboration platform with emphasis on approver experience and communications.
• Coupa Pay — Part of a broader spend management suite, with AP automation and payment orchestration.
• Paymode-X (by Bottomline) — Electronic payment network and AP automation for large corporates.
• SAP Concur — Expense and invoice management integrated with broader SAP ERP ecosystems.
• Basware — Enterprise-focused procure-to-pay and invoice automation with global network services.
• Oracle NetSuite (AP module) — AP functionality integrated within the broader NetSuite ERP for mid-market firms.
• Billtrust — Receivables and payables-focused automation for B2B payment workflows.

Paid alternatives to mineraltree

• Tipalti: Designed for international payables and mass vendor payments, Tipalti automates supplier onboarding, tax compliance and payment reconciliation. Its pricing is typically volume- and feature-based and targets companies with multi-currency needs.

• Bill.com: Offers simple AP workflows with an emphasis on small and growing businesses. Bill.com provides integrations to popular accounting systems and a straightforward subscription model with optional transaction fees.

• AvidXchange: Focuses on mid-market customers and verticals like real estate and construction. AvidXchange provides a payments network and service model that includes virtual card issuing and check processing.

• Stampli: Emphasizes collaboration and invoice-level conversations to accelerate approvals. Stampli’s AI-centric capture and approver-friendly UI make it a solid alternative for teams with decentralized approvers.

• Coupa Pay: Bundled into Coupa’s spend management suite, Coupa Pay is a good choice for organizations already using Coupa for procurement and wanting tighter coupling between procurement and payment.

Open source alternatives to mineraltree

• Odoo: An open-source ERP that includes invoicing and AP modules. Odoo Community Edition can be extended for invoice automation but typically requires custom modules or third-party apps for full OCR and payments functionality.

• ERPNext: A full-featured open-source ERP with accounting and payable modules. ERPNext supports invoice entry, supplier management and payments, but advanced OCR and bank connectivity usually require configuration or third-party tools.

• Dolibarr: An open-source ERP/CRM with invoicing capabilities suitable for small organizations. It can manage supplier invoices and payments but lacks out-of-the-box enterprise-grade automation and payment orchestration.

• Apache OFBiz: An open-source suite that can be configured for procurement and accounting workflows; suitable for organizations with in-house development teams who want to build a tailored AP solution.

• Metasfresh: Open-source ERP with accounting modules; useful for companies that prefer to build custom automation on top of an open ERP core.

Frequently asked questions about MineralTree

What is MineralTree used for?

MineralTree is used for accounts payable automation and payment processing. Organizations use it to capture and route invoices, execute electronic payments (ACH, card, check), reconcile payments back to the ledger and provide audit-ready trails for finance and audit teams.

Does MineralTree integrate with NetSuite?

Yes, MineralTree integrates with NetSuite and other major ERPs. Integrations keep invoice records and payment postings synchronized with the general ledger and supplier accounts to reduce duplicate entry and speed up month-end close.

How much does MineralTree cost per user?

MineralTree pricing is typically subscription-based and depends on invoice volume and selected modules rather than a per-user price. Entry-level packages can start under $1,000/month for small teams, while enterprise pricing is quoted based on scope, integrations and support needs.

Is there a free version of MineralTree?

No, MineralTree does not offer a permanent free plan. The vendor commonly provides demos and pilot programs so prospective customers can validate features like OCR accuracy, approval routing and ERP integration before committing to a paid contract.

Can MineralTree handle multi-entity or multi-currency payments?

Yes, MineralTree supports multi-entity and multi-currency workflows in enterprise configurations. The platform manages currency conversions, payment routing by entity and consolidation for reporting, which is important for organizations operating across borders.

Does MineralTree provide fraud prevention controls?

Yes, MineralTree includes payment controls and verification to reduce fraud risk. Typical controls include bank account validation, role-based approvals, segregation of duties, dual authorization for high-value payments and audit logs for every payment event.

How does MineralTree handle supplier onboarding?

MineralTree provides supplier onboarding workflows and supplier master management. Features commonly include collecting W-9/tax forms, bank account capture with validation, and the ability to push suppliers toward electronic payment rails to reduce paper check usage.

Can MineralTree export data to Excel and reporting tools?

Yes, MineralTree allows exports and has reporting capabilities for cash forecasting and audit purposes. Users can export invoice and payment data to CSV/Excel, or connect the data to BI tools via API or scheduled exports for more advanced analytics.

What support and implementation services does MineralTree offer?

MineralTree provides implementation services, training and account management as part of paid plans. Enterprise customers commonly receive a dedicated implementation manager, configuration assistance, and SLAs for uptime and support.

Does MineralTree offer API access for custom integrations?

Yes, MineralTree offers API endpoints and webhook notifications to support custom integrations. The API supports creating and updating invoice records, querying payment status, and retrieving audit logs to ensure ERP synchronization and near real-time status updates.

mineraltree careers

MineralTree typically hires across product, engineering, sales, customer success and professional services roles to support implementations and integrations. Engineering roles focus on scalable API services, OCR and payment engine reliability, while customer-facing roles emphasize finance domain knowledge and project delivery.

Careers at a company like MineralTree often require a blend of fintech experience and the ability to work with enterprise customers. Open roles may include implementation consultants who map client ERP environments, software engineers who build connectors, and product managers who prioritize features around compliance and payments.

Working in professional services or implementation teams involves travel to customer sites for complex ERP integrations or providing remote implementation support. Product and engineering roles focus on continuous improvement of invoice capture accuracy, workflow configuration and security hardening.

mineraltree affiliate

MineralTree occasionally works with channel partners and referral partners, including accounting firms, value-added resellers and systems integrators that specialize in ERP deployments. Affiliate and partnership arrangements typically involve lead referral fees, reseller agreements or co-delivery models for implementation services.

If you are an accounting software reseller or ERP consultant, contact MineralTree’s partner program to learn about certification, co-marketing opportunities and technical enablement. Partners help customers with supplier onboarding, matching MineralTree capabilities to client accounting processes and ensuring a smooth go-live.

Affiliate partners should expect training on the platform’s payment capabilities, an overview of supported ERPs and joint sales enablement resources to qualify opportunities and estimate ROI for prospects.

Where to find mineraltree reviews

User reviews and analyst commentary for MineralTree can be found on software review sites and industry publications that cover payment automation and AP systems. Look for customer feedback on OCR accuracy, approval UX, ERP integration quality and payment reconciliation to gauge fit for your organization.

Search for case studies and customer testimonials on MineralTree’s website to read real-world deployment stories, including implementation timelines, measured time savings and changes in payment behavior. Independent review platforms and forums often include comparative feedback against competitors like Tipalti and Bill.com.

For procurement teams, request references from MineralTree and ask for metrics from similar customers (invoice volume, time-to-pay reductions, and error rate improvements) to validate claims and estimate the business case prior to purchase.