The 6 best MineralTree competitors

MineralTree offers an end-to-end accounts payable (AP) automation platform for businesses that reduces processing costs and increases transaction visibility and control. TotalAP, MineralTree’s full-suite AP solution, includes invoice processing, invoice validation, approval routing, and payment automation. Owned by Global Payments, MineralTree’s services also include TotalPay payments automation and SilverPay corporate credit cards.

Although MineralTree provides an AP automation solution, its end-to-end AP automation suite may not meet your needs, especially if you want to choose your payment automation provider or if you want a solution that doesn’t require any rework to your ERP, financial system, or accounting software.

Here are six MineralTree alternatives for you to consider.

1. Stampli

Stampli is for accounting teams that want the efficiency of automation but don’t want to rework their ERP or change their existing accounts payable processes. Unlike other solutions, Stampli is designed specifically for Accounts Payable instead of payments or other financial functions. It optimizes AP tasks by harnessing the power of artificial intelligence and machine learning. Stampli is payment agnostic – customers can opt for Stampli Direct Pay payment automation for a complete AP automation solution or choose their own payment provider.

By learning the unique patterns of each company, Stampli automates key AP functions like GL coding, approval workflows, and invoice verification. The accounts payable workflows within Stampli are powerful and adaptable, providing AP teams with the complete control and visibility they require. 

An industry leader in accounts payable automation, Stampli has received numerous awards, including: 

• No. 2 in the G2 list of Best Accounting and Finance Products for 2023.
• Recognized By Forbes As One Of America’s Best Startup Employers Of 2023
• Best Accounts Payable Automation Solution, 2022 Fintech Awards.

Key features

• Real-time AP data transparency and analytics via Stampli Insights financial dashboard and automatic data sync with your ERP.
• Offers multi-location, multi-currency, and multi-subsidiary accounts payable management, with an AP automation interface supporting various approval levels.
• Automated international payment processing to over 150+ countries in USD or local currency with foreign exchange management tools.
• Full support for the native functionality of more than 70 ERPs and accounting systems — enabling it to deploy in a matter of weeks, not months, with no disruption to your business.

Advantages

Customer satisfaction

Stampli is the 15x leader in the G2 Grid for Accounts Payable for customer service, consistently scoring #1 for Implementation, Relationship, and Usability.

Smartest AI

Stampli’s AI, Billy the Bot™, learns your accounts payable process to automate and streamline manual processes like invoice capture, coding, and validation.

Integrated services beyond Accounts Payable

Stampli offers a suite of integrated products that add functionality like direct payments (Stampli Direct Pay), physical and virtual credit card programs (Stampli Card), vendor management (Advanced Vendor Management), and employee expenses (Stampli Expenses).

Greater control

Stampli’s centralized cloud-based solution unites AP-related communications, documents, and tasks for greater control.

Time to value

Stampli offers rapid, fully-supported implementation that can be completed in days and allows you to retain your existing processes and systems. Additionally, Stampli provides setup assistance and 24/7 support from AP and ERP experts.

Pricing

Stampli offers simple monthly or annual pricing with unlimited users, vendors, and training.

Bottom line

Stampli is ideal for small, medium, or enterprise companies looking for an AP-first solution to streamline and optimize their procure-to-payment process. It combines user-friend design, industry expertise, and a proven track record to provide the leading AP automation alternative to MineralTree.

2. BILL (formerly bill.com)

BILL (formerly Bill.com) offers solutions to simplify, digitize, and automate back-office financial processes for small and mid-sized businesses to manage cash inflows and outflows. It offers invoice generation, approval workflows, payment management, accounting software integration, and cash management.

Key features

BILL offers Essentials, Team, Corporate, and Enterprise service tiers with different feature sets. 

Essentials

• Accounts payable or accounts receivable services.
• Basic AP automation — invoice data capture, vendor info, document storage, payments.
• Manual CSV integration with QuickBooks Online, QuickBooks Pro, QuickBooks Premier, and Xero.
• Document storage.
• Standard user roles.
• Email support.

Team

Everything in the Essentials tier, plus:

• Automated 2-way sync with QuickBooks Pro, QuickBooks Online, QuickBooks Premier, and Xero.
• Custom user roles.

Corporate

Everything in the Team tier, plus:

• AP and AR automation.
• Automated two-way sync with QuickBooks Pro, QuickBooks Online, QuickBooks Premier, and Xero.
• Custom approval policies.

Enterprise

Everything in the Corporate tier, plus:

• Automated sync with QuickBooks Enterprise, Oracle NetSuite, Sage Intacct, and Microsoft Dynamics.
• Multi-location & multi-entity accounting.
• Priority customer support.
• API access.

Advantages

Improved business efficiency

BILL is a simple and easy-to-use way for businesses to automate core accounting functions so they can focus on growth and increasing profitability. It provides access to payment methods such as ACH or credit cards, enabling businesses to pay vendors faster.

Control over expenditures

At higher service tiers, businesses can set custom approval workflows, roles, and permissions to gain better control and visibility over expenses.

Pricing

BILL charges a per-month price based on service tier. It also charges per-transaction fees for payments made on the BILL platform.

Bottom line

BILL provides a functional, cost-effective accounting and basic AP automation solution for growing small businesses. As an alternative to MineralTree, BILL offers a simple, user-friendly interface, access to core accounting features, and flexible, scalable service options to add functionality as your business grows and its needs evolve.

3. Airbase

Airbase is a cloud-based spend management solution for venture-funded medium-sized businesses in the technology sector. Although traditionally focused on employee expense management, it has added accounts payable and procurement management capabilities to its core spend management solution.

Airbase helps companies control spending, accelerate financial tasks, and manage risks by simplifying business and accounting processes. It offers a user-friendly interface, strong spend management capabilities, a comprehensive corporate card program, and flexible service packages.

Key features

Airbase’s spend management platform consists of functional modules, including Guided Procurement, Accounts Payable, Expense Management, and Corporate Cards. They offer three service packages consisting of various mixes of modules and special features. Their core AP automation features include: 

• Automated invoice scanning and entry using OCR technology to extract vendor details, invoice numbers, and details.
• Integration with ERPs, HRIS, and communications systems such as NetSuite, Workday, Okta, and Slack.
• Centralized spend, accounts payable, and credit card management from one dashboard.
• Vendor payments via ACH, check, vendor credit, virtual card, or wire transfer.
• Other integrated services include credit card and mobile employee expense reporting.
• Customizable, rules-based approval workflows for all spending.
• Vendor payment scheduling, tracking, and batch approvals.
• Customer support via email, online knowledge base, and online chat.

Advantages

Digital file storage

Airbase digitizes and streamlines file storage to eliminate the need for physical document storage.

Corporate card spend management

Corporate card management is a key function of the Airbase platform, with flexible and powerful card management capabilities, rewards programs, detailed reports, and other features targeted to the needs of funded companies.

Pricing

Airbase offers three service packages. Certain features and modules are only available at higher-priced tiers, and pricing for each tier is customized according to customers’ needs.

Standard

Basic access to modules and special features for small and medium businesses ( up to around 200 employees.)

Premium

Enhanced access to modules and greater functionality for medium-sized businesses (up to 500 employees).

Enterprise

Access to all modules and Airbase’s complete suite of features for enterprise businesses (up to 5,000 employees).

Bottom line

Airbase stands out as a good MineralTree alternative for venture-backed businesses wanting an automated spend management and accounts payable automation solution.

4. AvidXchange

AvidXchange is a cloud-based accounting solutions provider. They provide an end-to-end AP automation platform to help mid-market companies improve their accounts payable process. They aim to “Transform the way middle market companies receive, manage, and pay their bills.”

AvidXchange provides separate modules to automate AP tasks, such as AvidPay for vendor payments, AvidStrongroom for AP automation, and AvidInvoice for invoice processing. They also provide specialized modules for finance functions like spend analytics, utility cost management, and purchase order management.

Key features

The features of the AvidXchange platform support three core functions: purchase-to-pay process automation, intelligent invoice management, and automated approvals and payments. 

• Automatic payments to members of the AvidPay network of over 900,000 suppliers in the US.
• Automatic OFAC (Office for Foreign Asset Control) checks on new vendors and with every payment run to reduce risks.
• Integration with QuickBooks Online, Sage Intacct, NetSuite, MRI Software, and industry-specific business systems like Rent Manager, MIP Fund Accounting, and Yardi.
• ACH payment processing with mobile payment capabilities on iPhone and Android.
• Complete historical accounting visibility with research and reporting capabilities.
• Industry and integration-specific AP automation solutions designed to meet customers’ unique needs.

Advantages

Easy-to-use client portal

AvidXchange’s client portal is easy to use and understand, especially for non-accounting employees. The AvidXchange platform is available 24/7 from any device, so it’s there when you need it.

Improved process efficiency

Automating end-to-end manual processes with AvidXchange saves time and frees AP team members to work on higher-value tasks.

Pricing

AvidXchange doesn’t post pricing information on its website. All prices are by quote only.

Bottom line

AvidXchange offers a versatile and powerful solution for mid-market businesses who want end-to-end P2P automation on a single platform. They provide custom-built AP solutions and modules to meet the specific needs of companies in sectors such as finance (AvidAccess), construction (TimberScan), and real estate.

5. Tipalti

Tipalti is a comprehensive accounts payable automation software platform that offers a broad range of invoice management and payments features. It offers end-to-end solutions for medium to large businesses looking to streamline their financial processes. Tipalti aims to prioritize efficiency and streamline cash flow management.

Key Features

• Automatic invoice capture, three-way matching, approvals, payments, and reconciliation.
• Tax and regulatory compliance powered by a KPMG-approved tax engine.
• Purchase order management to streamline PO requisition and gain control over spending.
• Customizable predictive approval routing.
• Integration with a wide range of ERPs and accounting platforms like NetSuite, QuickBooks, Microsoft Dynamics, and Xero.
• Financial controls using role-based security and audit records.
• Self-serve vendor onboarding.

Advantages

Intuitive user interface

Tipalti provides an intuitive user interface that allows users to easily access transaction data, documentation, and historical accounting information.

Multi-entity processing and reporting

Tipalti can handle different AP processes and workflows per entity and provides a consolidated overview of AP performance across the entire family of subsidiaries.

Pricing

Tipalti charges a per-month fee for access to their basic platform, with additional fees for added modules, features, and advanced functionality.

Bottom line

Tipalti is a good solution for mid-market businesses looking to improve AP and payments processing with a configurable, end-to-end automation solution. It offers an intuitive interface, strong internal controls, and streamlined payment processing to boost efficiency and realize cost savings.

6. Spendesk

Spendesk is an expense tracking and spend management platform that gives businesses visibility and control over expenditures so they can build a healthy spending culture. Spendesk’s integrated 7-in-1 solution includes corporate cards, expense reimbursements, budgets, invoice approvals, reporting, compliance, and pre-accounting functions.

Although not a traditional accounts payable automation provider, In November 2022, Spendesk added basic accounts payable automation to their spend management portfolio.

Key features

Spendesk’s AP automation solution offers basic functionality and innovative features to help businesses manage how they pay suppliers. 

• Tools to track and manage specific vendor expenditures such as office and administrative spending and subscriptions.
• Approval tracking that logs every vendor payment and which manager approved it.
• Centralized invoice management system that allows authorized persons to upload invoices from anywhere in the world.
• Real-time reporting on payments and committed spend, regardless of where the invoice is in the process.
• Integration with NetSuite, FreshBooks, QuickBooks Online, Xero and DATEV
• Visibility into employee expenses, corporate cards, and accounts payable in a single dashboard.

Advantages

Versatile spend management

Customers can replace multiple accounting and expense management tools with an all-in-one solution that provides visibility and control over expenses.

Scalable and flexible to support business growth

Spendesk provides many features and capabilities to help growing businesses manage their AP and other accounting functions effectively.

Pricing

Spendesk doesn’t post pricing information on its website. All prices are by quote only.

Bottom line

Spendesk is an attractive MineralTree alternative for growing small and medium-sized businesses that want a scalable solution that provides greater control and visibility over complex accounts payable and spending needs. It leverages its spend management platform to provide innovative tools to help small companies get on top of their invoice management and payments processes.

Based on all the information above, do you need a MineralTree alternative?

While MineralTree offers a great solution for streamlining financial processes, several compelling alternatives cater to specific user needs and challenges: 

• Stampli is the leading built-for-AP solution, with a strong track record of customer satisfaction.
• BILL provides a cost-effective accounting and basic AP automation solution for growing small businesses.
• Airbase focuses on spending management, automating AP, expense management, and corporate cards to enhance financial control and efficiency.
• AvidXchange offers AP automation through a user-friendly online dashboard.
• Tipalti excels in global payables automation, ideal for scaling companies by reducing workload and centralizing payables.
• Spendesk provides a powerful all-in-one spend management platform with innovative AP management features.

These alternatives address various aspects of financial processes, offering solutions for businesses seeking alternatives to MineralTree software to optimize their financial workflows.

Competitor Pricing

Pricing is a major part of deciding which AP automation solution fits your business best. Most providers don’t publish their pricing or only publish prices for certain products or components without disclosing the full cost of their solution.

When you’re considering an AP automation solution, ask for details about their pricing, including how the pricing is applied (per month/user/invoice), the length of the contract (monthly vs yearly), how many users, locations, or entities are included, what services are included, and what fees they charge for additional services. 

Stampli: Automate AP without disrupting your ERP

Say goodbye to workarounds, spreadsheets, and manual ERP work: Stampli brings everything related to AP into one place. Stampli offers an efficient AI-powered solution for AP automation, focusing on enhancing existing processes without reworking on ERPs. Centralizing communication, documentation, and workflows, Stampli ensures visibility and control. Its user-friendly interface is complemented by automation features, like Billy the Bot™, that simplify tasks.

Stampli`s versatile suite of integrated products and compatibility with over 70 ERPs makes for swift deployment, helping companies like Purple reduce invoice processing time from eight to three days and streamlining invoice entry and approval processes.

Let’s talk about all the ways Stampli can help your invoice and payment processes. Contact us today for a free demo.