mineraltree vs Routable

Last Updated:

Our analysts compared mineraltree vs Routable based on data from our 400+ point analysis of Accounts Payable Software, user reviews and our own crowdsourced data from our free software selection platform.

mineraltree Software Tool
Routable Software Tool

Product Basics

MineralTree is an accounts payable automation software that improves and automates critical financial processes. It eliminates manual issuance through automated invoice recordings, online invoices and payment approvals. Organizations can customize it according to different user types. It centralizes the payment modules by clubbing them into a single, manageable and unified digital file.

Customers can automate B2B payments and business invoice processes. It simplifies payment operations, provides access to auditing information and saves records with two-way synchronization. Companies can retain the current setup and workflow and integrate with Quickbooks, Intacct, Microsoft Dynamics GP and NetSuite.
read more...
Routable is a sophisticated software solution designed to streamline accounts payable processes, making it particularly beneficial for businesses that handle a high volume of transactions. It is ideally suited for industries such as finance, technology, and e-commerce, where efficient payment management is crucial. The platform offers unique benefits like seamless integration with existing accounting systems, automated workflows, and real-time tracking of payments, which enhance operational efficiency. Users appreciate its intuitive interface and robust features, including multi-currency support and detailed reporting capabilities. Compared to similar products, Routable stands out for its ease of use and comprehensive functionality, which simplifies complex financial tasks. While specific pricing details are not readily available, potential users are encouraged to contact SelectHub for a tailored pricing quote that aligns with their specific requirements. Overall, Routable is a versatile and powerful tool for businesses seeking to optimize their accounts payable operations.
read more...
$5,000 Annually, Quote-based
Free Trial is unavailable →
Get a free price quote
Tailored to your specific needs
$599 Monthly
Free Trial is unavailable →
Get a free price quote
Tailored to your specific needs
Small 
i
Medium 
i
Large 
i
Small 
i
Medium 
i
Large 
i
Windows
Mac
Linux
Android
Chromebook
Windows
Mac
Linux
Android
Chromebook
Cloud
On-Premise
Mobile
Cloud
On-Premise
Mobile

Product Assistance

Documentation
In Person
Live Online
Videos
Webinars
Documentation
In Person
Live Online
Videos
Webinars
Email
Phone
Chat
FAQ
Forum
Knowledge Base
24/7 Live Support
Email
Phone
Chat
FAQ
Forum
Knowledge Base
24/7 Live Support

Product Insights

  • Invoice Scanning: Scan invoices and convert them into PDFs for quick and easy access. Link invoice documents with related information and post them to the user's accounting application. Email and upload files by integrating with the current accounting system. 
  • Endorsements: Endorse approvals by invoice data or vendor names. Minimize approval waiting time with a single-click option. Approve and manage invoices before payments. 
  • Mobile Integration: Schedule, review and authorize payments using mobile devices anywhere, anytime. 
  • Security: Ensure robust safety with a two-factor payment verification process. Eliminate fake or unauthorized transactions and authorize checks and ACH payments. Get dual approvals, audit trails and integration with Positive Pay and mitigate internal and external fraud risks. 
  • Accounts Payable: Automate AP processes and minimize processing costs. Get early-pay discounts and cashback from virtual card payments. 
  • Controlled Cash Flow: Maximize control over outgoing cash flow by determining how and when to pay the vendors. Avoid late fees, duplicate payments and overcharging. 
read more...
  • Time Efficiency: Automate repetitive tasks such as invoice processing and payment approvals, freeing up valuable time for your finance team to focus on strategic activities.
  • Cost Reduction: Minimize errors and reduce the need for manual intervention, which can lead to significant cost savings in the long run.
  • Improved Accuracy: Ensure data consistency and accuracy by integrating with your existing accounting software, reducing the risk of human error.
  • Enhanced Security: Protect sensitive financial information with robust security measures, including encryption and secure access controls.
  • Scalability: Easily scale your accounts payable processes as your business grows, without the need for additional resources or infrastructure.
  • Better Cash Flow Management: Gain real-time insights into your cash flow, enabling more informed decision-making and improved financial planning.
  • Streamlined Communication: Facilitate seamless communication between your finance team and vendors through a centralized platform, reducing misunderstandings and delays.
  • Customizable Workflows: Tailor workflows to match your specific business processes, ensuring that the software adapts to your needs rather than the other way around.
  • Regulatory Compliance: Stay compliant with financial regulations by maintaining accurate records and audit trails, reducing the risk of penalties.
  • Vendor Relationship Management: Strengthen relationships with vendors by ensuring timely payments and providing them with a transparent view of their transactions.
  • Data-Driven Insights: Leverage analytics and reporting tools to gain insights into spending patterns and identify opportunities for cost optimization.
  • Reduced Paperwork: Transition to a paperless environment, reducing clutter and the environmental impact of your accounts payable processes.
  • Faster Payment Cycles: Expedite payment cycles by automating approval processes, ensuring vendors are paid promptly and maintaining good business relationships.
  • Integration Capabilities: Seamlessly integrate with various financial systems and tools, ensuring a cohesive and efficient financial ecosystem.
  • User-Friendly Interface: Benefit from an intuitive and easy-to-navigate interface that reduces the learning curve and enhances user adoption.
read more...
  • Payment: Transfer funds between entities electronically. Process multiple financial transactions with the Automated Clearing House. Use corporate debit and credit cards for B2B payments. 
    • Payment Processing: Process payments by batch without manual intervention and schedule them at a predetermined date and time. Submit invoices on the self-service portal through mobile apps and track payment history. Cross-check invoices and bank statement information. Offer one interface for in-store, online and on-the-go setup for different acceptance points. 
  • Security and Compliance: Transform confidential financial details into indecipherable codes with end-to-end encryption. Maintain compliance with information security standards in credit card processing. Secure credit card details with fraud management. Encrypt electronic data via the Secure Socket Layer. Ensure vendor compliance with the Association of International Certified Professional Accountants. 
    • Risk Analysis: Minimize future risks with root cause analysis and process improvement. Improve efficiency by identifying threats and reducing errors. Use risk factors to score suppliers and vendors. 
    • Recovery: Mitigate mistakes by identifying and recouping funds. Reduce future lost profits and set up breakdowns with reporting tools. 
    • Audits: Discover AP outliers outside the company using a library of audit-tested filters. Track historical payment inaccuracies through post-audit data analysis and generate claims automatically. Determine and prevent overpayment or duplicate payment errors. 
    • Frauds: Set up automatic new vendor checks to tackle potential billing schemes. Perform a thorough investigation with easily digestible data. Monitor frauds across different systems and data formats. 
  • Integration: Integrate with products like accounting and financial management software. Create custom integrations with different plugins and APIs. Combine with payment gateways and enterprise payment systems. Transfer amounts for approved invoices by syncing with company accounts. 
  • Invoice Management: Record import or scanning invoices. Let suppliers submit bills through the online portal. Provide a central repository for AP documents.  
    • Invoice Processing: Check AP invoices with POs, contracts and payments. Determine incomplete or late supplier payments. Guarantee compliance with local and govt tax regulations for collections. Consolidate various invoices and process them in batches. Review invoices with purchases and sales orders and payments. Generate invoices at predefined dates and times automatically. 
  • Analytics: Identify overdue payments by tracking invoices based on due dates. Compare different AP automation factors with other organizations. Track KPIs like payment errors or time taken in processing invoices and payment methods, such as deposits or partial payments. Control incoming and outgoing cash flows. 
read more...
  • Bill Importing: Load and input bills, forward them to clients via email and implement application programming interface (API) for large ciphering through the payables module. 
  • Bill Approvals: Tailor approval rules and pick the right approvers for the right bills via the payables accessory. Users may even discuss and chronicle approvals for their archives.  
  • General Ledger Upkeeping: Maintain general ledgers by importing the right settings, oversee transaction activity and perform bank reconciliations with the most current data with the payables tool. 
  • Invoicing: Initiate automatic invoicing, conduct automatic software updates and utilize API for mass invoicing with the receivables appliance. 
  • Client Payments: Accelerate patron boarding, extend pliable payment methods and provide a clear client payment experience through the receivables module. 
  • Transaction Management: Perform two-way accounting in general ledgers while keeping it current with real-time updates via the receivables accessory. 
  • Automated Payment Workflows: Streamline your payment processes with customizable workflows that reduce manual intervention and errors.
  • Multi-Currency Support: Handle international transactions effortlessly with support for multiple currencies, ensuring accurate conversions and compliance.
  • Two-Way Sync with Accounting Software: Seamlessly integrate with popular accounting platforms like QuickBooks and Xero, ensuring data consistency and reducing duplicate entries.
  • Bulk Payment Processing: Save time by processing multiple payments simultaneously, ideal for businesses with high transaction volumes.
  • Secure Vendor Management: Maintain a comprehensive vendor database with secure storage of sensitive information, ensuring compliance with data protection regulations.
  • Custom Approval Workflows: Design approval processes that fit your organizational structure, allowing for multiple levels of authorization and oversight.
  • Real-Time Payment Tracking: Gain visibility into payment statuses with real-time tracking, helping you manage cash flow and vendor relationships effectively.
  • ACH and Check Payments: Offer flexibility to vendors by supporting both ACH transfers and traditional check payments, catering to diverse preferences.
  • API Access for Developers: Leverage Routable’s robust API to build custom integrations and automate workflows tailored to your business needs.
  • Detailed Reporting and Analytics: Access comprehensive reports and analytics to gain insights into your accounts payable processes and make informed decisions.
  • Customizable Notifications: Keep stakeholders informed with customizable email notifications for payment approvals, rejections, and completions.
  • Role-Based Access Control: Ensure security and compliance by assigning specific roles and permissions to team members based on their responsibilities.
  • International Vendor Payments: Facilitate payments to vendors across the globe with support for international banking standards and regulations.
  • Audit Trail: Maintain a detailed audit trail of all transactions and changes, providing transparency and accountability for financial operations.
  • Mobile-Friendly Interface: Access Routable on the go with a mobile-friendly interface, allowing you to manage payments from any device.
  • Custom Branding Options: Enhance your brand’s visibility by customizing payment communications with your company’s logo and colors.
  • Fraud Detection and Prevention: Protect your business with advanced fraud detection tools that monitor transactions for suspicious activity.
  • Vendor Portal: Provide vendors with a self-service portal to view payment statuses and update their information, reducing administrative workload.
  • Flexible Payment Scheduling: Schedule payments in advance to optimize cash flow and ensure timely vendor payments.
  • Comprehensive Support Resources: Access a wealth of support resources, including documentation and customer service, to assist with any issues or questions.
read more...

Product Ranking

#92

among all
Accounts Payable Software

#115

among all
Accounts Payable Software

Find out who the leaders are

User Sentiment Summary

Great User Sentiment 77 reviews
we're gathering data
87%
of users recommend this product

mineraltree has a 'great' User Satisfaction Rating of 87% when considering 77 user reviews from 1 recognized software review sites.

we're gathering data
4.37 (77)
n/a

Synopsis of User Ratings and Reviews

Automated Invoice Processing: MineralTree automates the entire invoice journey from receipt to payment, eliminating manual data entry and reducing the risk of errors.
Improved Visibility and Control: The software provides real-time analytics and reporting, giving businesses clear insights into their AP processes and enabling better cash flow management.
Enhanced Security: MineralTree prioritizes security with features like dual-factor authentication and tokenization, safeguarding businesses against fraud and unauthorized access.
Seamless Integrations: The software integrates smoothly with popular accounting systems like QuickBooks and ERP systems like Oracle NetSuite, ensuring data consistency across platforms.
Time and Cost Savings: By automating tasks and reducing manual effort, MineralTree enables businesses to process invoices faster, capitalize on early payment discounts, and optimize their AP operations for maximum efficiency.
Show more
Ease of Use: Users praise the platform for its intuitive design and user-friendly interface, making it simple to manage invoices and payments.
Integration with Accounting Software: Routable seamlessly integrates with popular accounting software like QuickBooks Online, simplifying reconciliation and reducing manual effort.
Automated Bill Creation: The software's optical character recognition (OCR) technology automates bill creation from emailed invoices, saving time and reducing errors.
High-Volume Payment Processing: Routable is designed to handle large volumes of payments efficiently, making it suitable for businesses that process numerous transactions.
Streamlined Vendor Onboarding: The platform offers a smooth vendor onboarding process, allowing businesses to easily add and manage their vendors.
Show more
Limited Global Reach: MineralTree's primary focus on the US market may present challenges for businesses with international vendor payments.
Search Functionality Needs Refinement: Users desire more granular search options within the platform to quickly locate specific invoices or payment details.
Occasional Navigation Roadblocks: Some users find the navigation requires multiple clicks for certain tasks, which can slow down workflow efficiency.
Show more
Transaction Fees: Users have reported additional charges for transactions exceeding $100,000, which could be a significant drawback for businesses with high-value transactions.
Limited Credit Memo Functionality: Some users have expressed dissatisfaction with the platform's limitations in approving credit memos, potentially hindering efficient credit management.
Show more

Is MineralTree the "root" of efficiency for your business? User reviews from the past year paint a largely positive picture of MineralTree, particularly for its impact on Accounts Payable (AP) automation. Users consistently praise its ability to streamline workflows, making invoice processing, payment approvals, and reconciliation significantly smoother. This efficiency boost is often cited as a key differentiator, with some users reporting time savings of up to 75% compared to their previous manual processes. The software's seamless integration with popular ERP systems like QuickBooks and NetSuite is also frequently lauded, simplifying data synchronization and reducing the risk of errors. However, some thorns prick the side of this otherwise sturdy "tree." A recurring complaint revolves around the software's navigation, which some users find less intuitive than desired, requiring multiple clicks for seemingly simple tasks. The lack of a free trial is also a common gripe, particularly for businesses hesitant to commit without a hands-on experience. While MineralTree excels in automating core AP functions, its focus primarily lies within the US market, potentially limiting its appeal for international businesses. Overall, MineralTree blossoms as a robust solution for mid-sized businesses processing a high volume of vendor payments. Its strengths in automation, integration, and user-friendliness make it a valuable tool for companies seeking to ditch manual AP processes and cultivate a more efficient financial ecosystem. However, businesses outside the US or those requiring more advanced features might find its limited global reach and occasional navigational quirks a bit hard to "digest."

Show more

Is Routable a smooth ride or a bumpy road when it comes to accounts payable automation? User reviews from the past year paint a largely positive picture of Routable, highlighting its user-friendly interface, time-saving automation features, and strong integration capabilities. Customers rave about the seamless integration with popular accounting software like QuickBooks Online and NetSuite, which significantly streamlines financial operations. For instance, one user praised Routable's robust APIs for automating payable processes from their custom-built platform. Another user highlighted the smooth transfer of information between Routable and their accounting software, eliminating the need for manual data entry. However, some users have mentioned encountering occasional "quirks" with the software. Despite these minor hiccups, users generally find them manageable and easily overcome with experience. What truly sets Routable apart, according to users, is its exceptional customer support. Users consistently commend the responsiveness and helpfulness of the support team, emphasizing their ability to provide timely solutions and workarounds. One user shared a positive experience where they received direct assistance from a Routable engineer to resolve integration issues, highlighting the company's commitment to customer satisfaction. Routable appears to be an excellent choice for businesses of all sizes seeking to automate their accounts payable processes, particularly those already leveraging accounting software like QuickBooks Online or NetSuite. Its user-friendly design, coupled with robust automation and integration features, makes it a valuable tool for streamlining financial workflows and improving overall efficiency. While some minor quirks have been reported, the overwhelmingly positive feedback and emphasis on exceptional customer support make Routable a compelling option for businesses looking to optimize their accounts payable management.

Show more

Screenshots

Similar Products


NetSuite OneWorld

Blue Link ERP

IBM Planning Analytics

Sparkrock

Visual Lease

Visibility ERP

mineraltree

YayPay

Finexio

Cratoflow

Related Categories

WE DISTILL IT INTO REAL REQUIREMENTS, COMPARISON REPORTS, PRICE GUIDES and more...

SelectHub Products Reporting and Analytics
SelectHub Products Cost and Pricing Guide
Compare products
Comparison Report
Just drag this link to the bookmark bar.
?
Table settings