Save Money and Time with Melio
July 19, 2021

Save Money and Time with Melio

Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Melio

Melio is being used by our accounting and finance department. The business problem it addresses is writing and issuing checks to our vendors. Previously, we used Bill Pay from Chase in combination with ACH and Wire transfers; however, Chase stops providing the Bill Pay functionality. Since the majority of our employees work remotely, it also helps in that I get an email notification when I need to authorize a check. In the past, people would have to come into my office for signatures or we would have to add them as a signer on the bank account.
  • 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
  • When a check isn't deposited, it stays in the system until a Melio rep reaches out to you.
  • I would like to see greater integration with accounting platforms such as QuickBooks desktop.
  • While bank accounts can be added relatively easily, it would help if you could change the name of the bank account rather than just the account number.
  • Most of its functionality is free
  • It is easy to add bank accounts and users
  • My employees can send checks with minimal supervision
  • It has saved us countless hours when doing accounting
  • Has enabled us to hire a controller for significantly less than what we would have previously paid
Bill.com is more expensive and more difficult to use than Melio. While it has a greater range of functionality and apparently has better integration into QuickBooks, we didn't need the greater functionality and I had just as much trouble integrating into Bill.com as I have with Melio.

Do you think Melio delivers good value for the price?

Yes

Are you happy with Melio's feature set?

Yes

Did Melio live up to sales and marketing promises?

Yes

Did implementation of Melio go as expected?

Yes

Would you buy Melio again?

Yes

Melio is extremely well suited for companies that are writing checks on a day-to-day basis. It is also well suited for companies that have multiple employees working from home. It may not be as well suited for companies that are issuing very large checks and need to do a better job of managing their account payables.