MineralTree TotalAP Erfahrungen

Helped speed up our AP Process

Vorteile:

It has removed a lot of the manual work and allowed for a quicker more accurate process. It is also a great value for the money!

Nachteile:

Sometimes we have syncing issues between NetSuite and the platform, but support is quick to respond.

MineralTree Has Streamlined and Automated Our AP

Kommentare: Invoice-To-Pay has definitely sped up our invoice processing and allows us to spend more time to address
other job responsibilities. Having a paperless system has also allowed us to free up space in our office and cut down on lost invoices.

Vorteile:

I love that MineralTree has allowed us to become a paperless system which also allows us to cut back on errors and missing invoices. We moved from NetSuite to MineralTree which also provided a faster way to process an invoice. With just a quick review and a few clicks the invoice is processed and ready for payment.

Nachteile:

I don't like that the software adds purchase orders for a vendor that have been received but have nothing to do with the invoice. I also don't like that the software adds new purchase orders even if a purchase order is already assigned to the invoice.

Decent, but not great, software for accounts payable

Kommentare: It has been a tough transition, and our old software through SharePoint was easier to use overall, for the user and the administrator.

Vorteile:

We switched to MineralTree for accounts payable last year, and the review process for submitting invoices to Finance is relatively seamless. The layout and functionality are two highlights.

Nachteile:

When there are multiple approvers or budget managers involved, the software can be slow to use, and really cause delays for paying invoices. Also, editing or fixing pre-loaded invoices is not easy whatsoever.

I have used many features of the mineraltree system and found each one user friendly.

Kommentare: Ease of tracking, reconciling and vendor payments

Vorteile:

The mineraltree system seems to be ahead of most. The sync capabilities with various accounting software has made invoice paying less cumbersome. The ability to scan invoices and able to search and retrieve for verification has been eased. Our approval process is a two part and being able to simply scan, submit, verify and pay has cut down on wasted time as well as wasted money. We currently use QuickBooks and have found the sync process is easy and fast. We are able to get vendors paid and payments posted quickly. The ACH payment process in the beginning took some getting use to but now that I am use to the process, it is my preference however not all vendors we deal with utilize ACH yet. Overall, we have been very happy with all mineraltree has to offer and all their improvements over the years.

Nachteile:

It took some getting use to but as with any software there is a learning curve. ACH payments are the most difficult if you are syncing with Quickbooks and your bank. When a ACH payment is paid its not broken out in your banking reconciliation as to who was paid it is just an amount so if you have multiple ACH payments on the same day it is not clear who is paid what. I have learned to date my payments days apart as to not have this lump sum amount. I find it very simple now and just requires a payment date to be entered in mineraltree that separates ACH payments.

MineralTree has assisted me by allowing me to use email less & by tracking the history of invoices.

Kommentare: Better time management and a faster way to get items approved so I may pay them quickly.

Vorteile:

I like that I may use it with Intacct fairly efficiently. My emails have gone down exponentially since we added MineralTree last year. With so many people offsite, plus with certain in-house authorizers known to lose paperwork, digital was the way to go. However, by using email to send invoices and get the approvals back, I felt like all I did was babysit my A/P email all day, not to mention that I had to stalk some people who simply refused to address the emails. Now I can have most invoices sent by email to my invoice reader account, which drops into MineralTree. I can access it ASAP, or let it read it. If the vendor has one approver, that's set up too, hence cutting down a lot of time attempting to get a simple code and approve done. Truly a time saver.

Nachteile:

There are times I get shuttled into places I didn't attempt to go to, so the system will begin filling in account codes, the wrong approver, etc. Other times I sit waiting for my screen to move, which takes away some of the efficiency I got back from moving things out of email. About 30% of the time, I have to kill the tab, sign back in, and start over. There are times it's my fault because I clicked on something too quickly, but sometimes it just "happens". Glitches are fairly frequent compared to Intacct.

Best valued software we have added to our organization in a long time! it's so effecient

Kommentare: Comdata cash back
Increased efficiency
Increased transparency
cloud based operating system

Vorteile:

Customer service is always a phone call away and willing to solve any problem that we run into. Also the software has created much needed transparency for our organization and allowed for our app process to be mobilized and no longer require executives in the office to execute. Not only does the software pay for itself we also have saved hundreds on postage!

Nachteile:

The software has its moments where it is clunky and we are not allowed to make minor changes with completely locking or unlocking editing powers. Also it does not enable the end users to fully track their invoices with as much breath as we would hope. Then there are the little system quirks like having to constantly refresh the keys. With having multiple organizations this become quite the task when they start dropping connection. Then the other pain point would be the bathing to our GL system utilizing GP. Payment batches are delayed a day, and the invoices are all posted to one day instead of their invoice date which would be preferred. Posting at month end with two open periods is a nightmare!

Seamless AP automation

Kommentare: Reduced AP processing time about 80%.

Vorteile:

Very much like that it integrates directly with our accounting system (we use Sage Intacct). We also wanted a solution with very accurate scanning / input of invoices and that directly supported multiple payment methods. We have been very happy with Mineraltree and believe it has reduced our AP proocessing time by about 80%.

Nachteile:

Overall we have been very happy with the software. It would be nice if you could email a copy of invoice directly from application when you need to refer it to someone for a question but overall this is a minor issue.

Easy to Use, quick implementation process, and great value for the service!

Vorteile:

Mineraltree is an easy to use interface with high powered tech behind it. It saves us multiple headcounts at a fraction of the cost while providing us accurate data quickly.

Nachteile:

There is a lack of customisability which I view as both good and bad. While it hurts my user experience it shows a focus on creating a better overall product across all customers.

Robust product- does EVERYTHING you expect!

Vorteile:

This is an amazing product- massively reduces manpower needed at every step of invoicing. Their OCR is fallible to error (as is all OCR) but they built a low-effort review step into the process that's usually handled by an admin who previously spent 10x more effort on invoicing, anyway. The 'best' feature of this product is a 3 way tie between: -automated workflows that automatically direct invoices to likely parties -multi stage approvals, based on your company's spending policies -payment method that lets your COO or CFO release as much/little money as they want, vendor by vendor This product integrates with QuickBooks better than others I've seen.

Nachteile:

This is a little pricey... but still worth the money. My complaint about the cost is based on the idea that this product is so efficient, management really needs to be prepared to shed headcount to justify the cost. Obviously a company serious about their bottom line will realize the value.

Cost effective end-to-end AP automation solutions

Kommentare: It was very helpful to have system implemented before we went to work from home due to the COVID crisis. Were easily able to manage the invoice to pay process with employees working remotely.

Vorteile:

Integrated very well with accouting package (Sage Intacct). We were able to get up and running quickly. Like that it is an end to end solution: invoice capture, routing and payments within one application.

Nachteile:

Very little that we don't like. Would be helpful to be able to message and/or email staff on questions about an invoice while in application.

Great Software

Kommentare: it is all good so far.

Vorteile:

It is definitely helps a lot for our payable function.

Nachteile:

credit memo sometime can be misaligned and will cause problems in outstanding amount in bills.

Revolutionizes the AP function

Kommentare: Great implementation process and great product.

Vorteile:

Makes managing the A/P function infinitely easier. Electronic approvals for invoices and payments are a must today. Goodbye email approvals, printing invoices, filing paper, so on. I started a new job and wanted to implement this quickly and MineralTree delivered. Intuitive to use once you get used to it. We spend so much less time and effort doing A/P because we have this tool.

Nachteile:

Customization of layout would be nice to have, such as our company logo. I believe this is available for the larger tier customers but not for smaller companies.

MT Enhances Control of AP

Kommentare: MineralTree is a great software for automating your AP workflow. It allows for multiple levels of control throughout the invoice to pay process. I can easily code and confirm invoices for company owners to review for payment. Additionally, invoice approvals can be required for invoices that meet certain criteria (e.g., amounts, vendors).

Vorteile:

Mineral Tree automatically syncs to my clients' Intacct accounts and the customer service is exceptional.

Nachteile:

I wish the invoice viewing portal was better designed and that the inbox email capture system was more reliable.

Life Saver!

Kommentare: Our company switched from Concur to MineralTree and this system has been a life saver. With the connector between the system and QuickBooks Online my month end process is simple now and has saved me several business days during close. You can do the math to see the monthly and then yearly savings. The image capture feature is a huge help as well when it comes to audits. Do yourself a favor and at least give them a shot.

Vorteile:

The customer service experience is top notch, the image capture system is above and beyond, and the automatically filled out invoicing information again saves time on every invoice.

Nachteile:

Nothing I can even think of.

Easy check managaement!

Vorteile:

Easy to use and a great value! Works well with my QuickBooks program.

Nachteile:

Software updates are a little difficult like any other program changes.

MineralTree

Vorteile:

Ease of use and implementation. Also, connects easily with bank account and ERP system.

Nachteile:

Still feels like a small business so it's hard to get the updates or improvements we need on a timely basis

MineralTree Review

Kommentare: MineralTree is a program that allows my company to pay vendors in a shared economy setting. It consolidates a lot of our work, and does make our lives significantly easier by automating our payment process.

Vorteile:

The process of synchronizing payments with QuickBooks, and processing payments is easy to use and slick.

Nachteile:

There have been several times when synching with Quickbooks has been significantly delayed that have hindered our workflow. Other than this, great product.

Easy to use bill pay software

Kommentare: Overall, it's been a great experience. The workflow is very easy, which minimizes touches on a single invoice, allowing us to pay our vendors more easily.

Vorteile:

Extremely easy to use. Integrates well with Intacct. Fast, friendly, excellent customer support.

Nachteile:

I have accidentally deleted invoices in the inbox before. It would be nice if there was a recovery feature should this situation occur.

It makes payable process very easy

Vorteile:

Very user friendly, it syncs with our software perfectly. I can easily select and pay the invoices that are due

Nachteile:

It's complicated to apply a credit memo with the invoices

so easy

Vorteile:

this makes my life so easy when it comes time for me to review and approve invoices. I love it.

Nachteile:

it has a basic layout, but nothing major here.

Mineral Tree has saved many a headache!!

Kommentare: I love Mineral Tree! I no longer have to chase paper around the office or remember to pay a certain vendor in the future. All of this means I only have to "touch" an invoice once; which means I have time to focus on other tasks I'm assigned. My managers have transparency with regard to payables.

Good solution for cutting checks

Kommentare: I have used MT to pay checks from QuickBooks Online for the past 6 months and it has been an easy process, and saves a ton of time compared to even doing a few manually.

Vorteile:

Ease of use

Love it, especially with some additional features

Vorteile:

Easy to use, great customer support. The most beneficial part is not having to cut the checks

Nachteile:

Lack of mobile support/responsiveness - Add this and you'll be a very competitive product. Better User invoice approval process - Currently users have to submit an invoice, then approve. They should be able to submit and approve in the same step.

Needs a little work

Kommentare: Some features like split approval should be considered. Rerouting and partial approval can be helpful. Rest is very slick.

Mineral Tree Review

Kommentare: I like the connection to NetSuite and being able to view the invoice in NetSuite. I would like to see a reporting option in Mineral Tree which we could use to run reports for accrued expenses at month end.

Vorteile:

NetSuite connection

Nachteile:

No reports