Melio is our standard for bill payment
May 31, 2024

Melio is our standard for bill payment

Steven Ladd | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Melio

Paying bills -- and accounting for those payments -- is time-consuming and difficult for businesses with remote workers. We've advised a dozen clients to use Melio. Why? First, the CEO gets out of the weeds of bill payment and only needs to click one or two times to approve payments and schedule how they are made. Second, the bookkeeper gets all bills in a single electronic "in-basket" ... and most of the typing associated with "entering bills" is done by Melio. So our clients save time, their most valuable resource.
Additionally, at times cash may get tight. Melio allows our clients to pay bills using their credit cards (to buy a month) or to pay bills with longer financing. The process takes seconds vs. weeks with banks.
Finally, we've tested Melio against several competitors. Melio proved much easier to use with less restrictions.

Pros

  • Translate PDF bills to "entered bills."
  • Simplifies bill payment approval.
  • Provides "bridge financing" of bills.

Cons

  • Setting up new clients could be clearer.
  • Saves 80% of owners' time in paying bills.
  • Saves 80% of bookkeepers' time in paying bills.
Melio tested to be much easier to use than BILL.
Additionally, Melio is free for bill payment; others charge quite a bit. Being able to recommend a free app to our clients makes standardizing on a single solution very easy for us.

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 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?"

Melio Feature Ratings

Accounts Payable
10.0
Automated Accounts Payable Processes
10
Vendor Management
Not Rated
Tax Form Preparation
Not Rated
Payment Management
Not Rated
Customizable Approval Policies
Not Rated
Financial Document Management
Not Rated
Payment Status Tracking
Not Rated
Payment Audit Trail
Not Rated
Duplicate Bill Detection
Not Rated
Advanced OCR
Not Rated
Electronic Funds Transfer
Not Rated

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