MineralTree vs Ottimate
MineralTree
mineraltree.comOttimate
ottimate.comSide by side
| Figure | MineralTree | Ottimate |
|---|---|---|
| Price from | — | Free |
| Free plan | — | Yes |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | — | Yes |
| Android | — | Yes |
| API | Yes | Yes |
| Plans published | 1 | 6 |
| Spec score · Accounts Payable Software | 7.8 (#37) | 8.8 (#5) |
| Company history | MineralTree says it was founded in 2010 to transform accounts payable through end-to-end automation. | Ottimate says it began as Plate IQ in 2014, initially focused on AP automation for restaurants. |
| Founded | 2010 | 2014 |
| Implementation | TotalAP implementations average four weeks from kickoff to first payment, with some customers onboarded in two to three weeks. | Ottimate says implementation takes 6–12 weeks. |
| Integrations | TotalAP supports direct API connections with QuickBooks, Sage Intacct, Oracle NetSuite, and Microsoft Dynamics GP, plus File Connect for systems including Acumatica and Sage 50. | The maker lists QuickBooks, NetSuite, Acumatica, and Sage Intacct integrations and says it connects with hundreds of accounting systems. |
| Invoice capture | Invoice capture uses optical character recognition and human validation, with accuracy stated as up to 99%. | The platform captures invoice header and line-item details from multiple formats, including handwritten invoices. |
| Payments | The virtual card feature uses single-use tokenized card numbers tied to a supplier, amount, and timeframe, and earns rebates on eligible spend. | Ottimate lets customers pay vendors from a central platform using methods including virtual card, ACH, and checks. |
| PO matching | Yes | Ottimate matches invoices to purchase orders and receipts automatically. |
| Support | MineralTree support lists phone and email assistance Monday through Friday, 8 a.m. to 8 p.m. Eastern Time. | Customers can contact their support team through the website or the Ottimate platform. |
Plans
Ottimate
- Priority ACHFree
- Standard ACHFree
- Fast ACH$0.50, paid once
- Standard Check$5, paid once
- Priority Check$14.99, paid once
- Overnight Check$20.99, paid once
In their own words
MineralTree
MineralTree has no write-up on Specifiction yet; its figures are above.
Ottimate
Ottimate automates accounts payable across invoice capture, coding, approvals and vendor payments. It uses machine learning to capture invoice headers and line items, learn GL coding from invoices, route approvals, and match invoices to purchase orders and receipts. Its features page reports 99.5% header-level capture accuracy, 95% line-item accuracy, and automatic coding for 93.3% of line items. Teams can pay vendors centrally by virtual card, ACH or check, while spending analysis surfaces trends, outliers, invoice risk and cash-flow insights. The maker lists QuickBooks, NetSuite, Acumatica and Sage Intacct integrations, and says it connects with hundreds of accounting systems. Web, iOS and Android access is available; the mobile app supports invoice and document capture, coding, payment approvals and scheduling, expense management, notifications, reporting and spend tracking. Ottimate states that its AP automation is SOC 2 Type 1 and Type 2 compliant and uses industry-standard encryption and security. Pricing for the product is on request, and the maker says implementation takes 6–12 weeks. Listed payment issue costs range from complimentary ACH to $20.99.