HighRadius Autonomous Receivables vs. Melio

[HighRadius Collections Cloud] is well suited for [a] multitude of businesses. It's a well-versed system that uses your current data to help drive automation with the receivables. [It] also uses analytics to help drive forecasting. Businesses need to realize [their] data is what drives [the] program, so [they] need to ensure [the] dataset is valid before trying to convert over to [HighRadius Collections Cloud]. Existing ERP is driving what [HighRadius Collections Cloud] can or can not do.

Incentivized

Melio is well suited for accountants or bookkeepers who process accounts payable for their clients as it integrates well with QBO, is cost-efficient, and easy to use. Whether you process a few or several invoices per day, Melio makes the process very simple to carry out and follow to the end (deposit).

Incentivized

• Creates scoring for working worklists
• Able to send out statements and emails electronically
• Segment customer accounts
• Better reporting

Incentivized

• It is a low cost application
• Very easy to process payments and significantly more efficient than its competitors
• Very easy to add users and teach them how to use the platform

Incentivized

• More out of the box functionality
• Quicker turnaround times with IT department
• Tiered level support for IT tickets

Incentivized

• There should be an automatic link between vendors added with their Melio link and the same vendors that already exist in QuickBooks. As it is now, a new vendor is created when you do that and is not linked with the one that already is in QuickBooks.

Incentivized

[HighRadius Collections Cloud] encompasses several modules that interact with one another. This allows the data to talk between the different modules, this [is] one of the main strengths of [HighRadius Collections Cloud].

Incentivized

I prefer Melio over Bill.com. I prefer Melio because it is easier to cancel or correct a payment on the platform. I like the way that Melio lets you track vendor requests for payment information. I like that it is easy to follow the payment all the way through the process to its deposit.

Incentivized

• Has helped drive down DSO
• Reduced staffing
• Allowed us to better segment customer accounts

Incentivized

• It imports all invoices from quickbooks, but it doesn't close invoices it receives payments for without manual effort. In my opinion, it's a bit clunky

Incentivized