Melio vs. Zoho Finance Plus

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Melio
Score 7.3 out of 10
N/A
Melio is a small business-oriented Accounts Payable tool, presented as a service that helps small businesses keep up with business. A B2B payments experience and payment workflow designed to be simple, and to enable businesses to pay domestic and international vendors, expedite payments, or pay by card.N/A
Zoho Finance Plus
Score 8.0 out of 10
N/A
Zoho Finance Plus is an integrated accounting suite for small businesses, featuring invoice and AP / AR management, accounting, and billing management.N/A
Pricing
MelioZoho Finance Plus
Editions & Modules
Card processing fee
2.9%
No answers on this topic
Offerings
Pricing Offerings
MelioZoho Finance Plus
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details——
More Pricing Information
Features
MelioZoho Finance Plus
Payment Management
Comparison of Payment Management features of Product A and Product B
Melio
6.8
10 Ratings
4% below category average
Zoho Finance Plus
-
Ratings
Customizable Approval Policies6.97 Ratings00 Ratings
Financial Document Management6.37 Ratings00 Ratings
Payment Status Tracking7.010 Ratings00 Ratings
Payment Audit Trail6.98 Ratings00 Ratings
Duplicate Bill Detection6.67 Ratings00 Ratings
Advanced OCR6.87 Ratings00 Ratings
Electronic Funds Transfer6.98 Ratings00 Ratings
Accounts Payable
Comparison of Accounts Payable features of Product A and Product B
Melio
6.4
14 Ratings
2% above category average
Zoho Finance Plus
-
Ratings
Automated Accounts Payable Processes6.713 Ratings00 Ratings
Vendor Management6.513 Ratings00 Ratings
Tax Form Preparation6.08 Ratings00 Ratings
Security
Comparison of Security features of Product A and Product B
Melio
-
Ratings
Zoho Finance Plus
8.5
1 Ratings
3% above category average
Single sign-on capability00 Ratings8.01 Ratings
Role-based user permissions00 Ratings9.01 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Melio
-
Ratings
Zoho Finance Plus
7.4
1 Ratings
3% below category average
Accounts payable00 Ratings6.01 Ratings
Accounts receivable00 Ratings7.01 Ratings
Cash management00 Ratings6.01 Ratings
Bank reconciliation00 Ratings8.01 Ratings
Expense management00 Ratings7.01 Ratings
Time tracking00 Ratings8.01 Ratings
Fixed asset management00 Ratings6.01 Ratings
Multi-currency support00 Ratings8.01 Ratings
Multi-division support00 Ratings8.01 Ratings
Regulations compliance00 Ratings7.01 Ratings
Electronic tax filing00 Ratings8.01 Ratings
Self-service portal00 Ratings7.01 Ratings
Global Financial Support00 Ratings8.01 Ratings
Primary and Secondary Ledgers00 Ratings7.01 Ratings
Intercompany Accounting00 Ratings7.01 Ratings
Localizations00 Ratings8.01 Ratings
Journals and Reconciliations00 Ratings8.01 Ratings
Enterprise Accounting00 Ratings9.01 Ratings
Configurable Accounting00 Ratings8.01 Ratings
Centralized Rules Framework00 Ratings8.01 Ratings
Standardized Processes00 Ratings7.01 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Melio
-
Ratings
Zoho Finance Plus
8.0
1 Ratings
10% above category average
Inventory tracking00 Ratings8.01 Ratings
Automatic reordering00 Ratings8.01 Ratings
Location management00 Ratings9.01 Ratings
Manufacturing module00 Ratings7.01 Ratings
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MelioZoho Finance Plus
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User Ratings
MelioZoho Finance Plus
Likelihood to Recommend
5.8
(20 ratings)
8.0
(1 ratings)
Usability
-
(0 ratings)
8.0
(1 ratings)
Support Rating
-
(0 ratings)
8.0
(1 ratings)
User Testimonials
MelioZoho Finance Plus
Likelihood to Recommend
Melio
Melio is particularly well suited for small businesses above $100K in revenue whose owners want to save time and simplify bill payments. It is helpful to bookkeepers so that they don't have to ask the owners, over and over again, "what was that check for?" and "can you send me the bill?"
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Zoho
It is very well suited to track the expenses which employees use in an organization and if any employees are using business accounts. It has multiple integrations with other applications and we can customize it as per our needs.
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Pros
Melio
  • Same day payments
  • Low or no fees
  • Ability to let clients choose how they pay, and pick up payment fees on credit cards if they would like
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Zoho
  • Expense Management
  • Report Tracking
  • Integration with other application
  • Customization
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Cons
Melio
  • 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.
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Zoho
  • Customer Support
  • Mobile Platform Optimization
  • Minimal GUI
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Usability
Melio
No answers on this topic
Zoho
We have been efficiently using this product for 2 years, so the overall experience of using the product is fairly easy and straightforward
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Support Rating
Melio
No answers on this topic
Zoho
I have been a user of Zoho Financial Plus for more than a year and it's been a very efficient and sophisticated tool for managing the expenses in our organization.
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Alternatives Considered
Melio
Melio is 100% free if you just use ACH, and that by itself would be reason enough for me to stick with the platform, it boats a ton of other useful features that add to the experience.
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Zoho
No answers on this topic
Return on Investment
Melio
  • I have been able to save hours every week now that I am only using Melio as my payment processor
  • I can easily add invoice details which I use to create in another platform and upload to Melio, this saves me time with projects I want to be quicker with
  • The ease of use for my clients is fantastic, and makes for a seamless workflow
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Zoho
  • Zoho Ecosystems
  • Finance Audits
  • Financial Account Management
Read full review
ScreenShots