Invoiced vs. MineralTree

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Invoiced
Score 7.9 out of 10
N/A
Invoiced in Austin offers their invoicing and AR automation platform, providing a platform for collecting online payments or presenting electronic invoices, AR analytics, and support for subscription-based business management on higher service tiers with subscription analytics (e.g. churn, pricing plan management, etc.).N/A
MineralTree
Score 4.4 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
Pricing
InvoicedMineralTree
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
InvoicedMineralTree
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeRequired
Additional Details
More Pricing Information
Community Pulse
InvoicedMineralTree
User Ratings
InvoicedMineralTree
Likelihood to Recommend
6.5
(0 ratings)
7.5
(0 ratings)
User Testimonials
InvoicedMineralTree
Likelihood to Recommend
I think Invoiced is great for businesses that have recurring invoices or work with the same client over and over and you can store their payment. I don't see it as a great tool for businesses that only need to invoice one client at a time.
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It's well suited if you would like to negotiate a good price and you are a small company needing an AP solution. However, I would say stick to Bill.com if you want a solution you can grow with.
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Pros
  • Provides integrations with credit card companies and direct debit providers like GoCardless.
  • Sales team does good demos, but be VERY careful because these demos may represent an unachievable scenario if you are a larger business or one that has more than the most basic, vanilla needs.
  • Nothing else, all other experiences with Invoiced were negative.
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  • 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.
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Cons
  • Difficult to see all missed/outstanding payments in one place
  • Difficult to issue refunds
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  • 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.
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Alternatives Considered
We selected Invoiced primarily due to their purported high level of customizations and flexibility to handle differing business needs. That, unfortunately, became the exact reason we terminated the contract though. They have a basic framework for something that could be really great, and the potential is there, but they lack the in-house expertise and the product is far too infantile at present. Major bugs and similar issues need to be stamped out first. I can only hope they take it as a learning experience.
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At the time, we had to records transaction twice when we had Bill.com, MineralTree solved that problem.
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Return on Investment
  • Allows us to easily track our ARs
  • Allows us to keep track of past due ARs
  • Automates our invoicing/matching with Quickbooks
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  • Cost of AP.
  • AmEx integration will allow us to accrue points on our card.
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ScreenShots

MineralTree Screenshots

Screenshot of AP and Payment Automation from MineralTree