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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    MineralTree

    Score10 out of 10
    Mid-Size Companies (51-1,000 employees)
    MineralTree automates accounts payable and payments by connecting a business' ERP/Accounting Software to their business bank account. Since the October 2021 acquisition it is a Global Payments brand.N/A

    Ottimate

    Score8.9 out of 10
    N/AOttimate is an automated accounts payable platform.N/A
    Pricing
    MineralTreeOttimate
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    MineralTreeOttimate
    Free Trial
    NoNo
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    NoNo
    Entry-level Setup FeeRequiredNo setup fee
    Additional Details
    More Pricing Information
    Features
    MineralTreeOttimate
    Payment Management
    Comparison of Payment Management features of MineralTree and Ottimate
    Feature
    MineralTree
    -
    Ratings
    Ottimate
    1.5
    2 Ratings
    134% below category average
    Customizable Approval Policies00 Ratings1.62 Ratings
    Financial Document Management00 Ratings1.02 Ratings
    Payment Status Tracking00 Ratings1.52 Ratings
    Payment Audit Trail00 Ratings1.72 Ratings
    Duplicate Bill Detection00 Ratings1.62 Ratings
    Advanced OCR00 Ratings1.72 Ratings
    Electronic Funds Transfer00 Ratings1.62 Ratings
    Accounts Payable
    Comparison of Accounts Payable features of MineralTree and Ottimate
    Feature
    MineralTree
    -
    Ratings
    Ottimate
    1.4
    2 Ratings
    135% below category average
    Automated Accounts Payable Processes00 Ratings1.62 Ratings
    Vendor Management00 Ratings1.52 Ratings
    Tax Form Preparation00 Ratings1.12 Ratings
    Best Alternatives
    MineralTreeOttimate
    Small Businesses
    Tipalti
    Score7.7 out of 10
    Tipalti
    Score7.7 out of 10
    Medium-sized Companies
    Stampli
    Score8.4 out of 10
    Stampli
    Score8.4 out of 10
    Enterprises
    Yooz
    Score8.8 out of 10
    Yooz
    Score8.8 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    MineralTreeOttimate
    Likelihood to Recommend
    7.5
    (2 ratings)
    5.5
    (3 ratings)
    Support Rating
    -
    (0 ratings)
    9.0
    (1 ratings)
    User Testimonials
    MineralTreeOttimate
    Likelihood to Recommend
    Global Payments
    If you are looking to save time on recording transactions. This has been a great time saver, all transactions are easily reconciled and they are automatically posted in Netsuite.
    Incentivized
    Read full review
    Ottimate
    It is well targeted at restaurants and similar service organizations with complex COGS. It dovetails well with complementary systems like FinTech payments. It wasn't designed by accountants, so there is a bit of roughness. Reporting is very limited: would like to see some SQL / build your own report functionality. Lookups are reasonably robust (filter for amount, time, vendor, etc). It is occasionally unstable but recovers gracefully. From our use case, it would be preferable to have the user approving the invoice ALSO have the ability to attach documents. This is left to the payment approver, who in our case is the "check signer".
    Read full review
    Pros
    Global Payments
    • Great Customer Service. Whenever there is an issue they are very responsive in helping with the issue.
    • At the time it was cheaper than Bill.com for most of the same functionality.
    • Integrated with QuickBooks relatively well.
    Incentivized
    Read full review
    Ottimate
    • OCR
    • Workflow
    • Support
    Incentivized
    Read full review
    Cons
    Global Payments
    • We had some improvements that wanted to be made but so far over the 2 years with them they have made the updates we wanted.
    Incentivized
    Read full review
    Ottimate
    • Provide better analytics in terms of cost increases per item.
    • Provide the ability to create recipes and forward price increases to those recipes for accurate food cost projections.
    • Free Bill Pay
    Read full review
    Support Rating
    Global Payments
    No answers on this topic
    Ottimate
    They have a dedicated support person for each customer who actually knows the product.
    Turnaround is usually within an hour or faster.
    Read full review
    Alternatives Considered
    Global Payments
    It doesn't. Hands down Bill.com is a better platform that over time has only gotten better.
    Incentivized
    Read full review
    Ottimate
    We used DocuWare first; great experience; however, it was not made specifically for restaurant clients like Plate IQ is. Plate IQ does a much better job of recognizing common items, and they've continued to add a function that is important for restaurant owners. Restaurant 365, we felt, was trying to be a complete package of accounting/AP/AR/inventory. After looking at each piece, we didn't feel that each of them was as strong as the other.
    Incentivized
    Read full review
    Return on Investment
    Global Payments
    • Cost of AP.
    • AmEx integration will allow us to accrue points on our card.
    Incentivized
    Read full review
    Ottimate
    • In my opinion, it has had zero impact on ROI now that we are paying for an additional year.
    • Another negative is that we've spent a lot of time discussing this issue with Plate IQ, to no avail. They feel it's appropriate to charge a company for an entire year of service even though said company emailed to cancel prior to the end of the first year of service.
    • We also wasted a lot of time onboarding this company only to find out that the software left a lot to be desired.
    Read full review
    ScreenShots

    MineralTree Screenshots

    Screenshot of AP and Payment Automation from MineralTree