Melio Review
June 03, 2024

Melio Review

J Rio Fultz | TrustRadius Reviewer
Score 9 out of 10
Vetted Review

Overall Satisfaction with Melio

I utilized Melio for contractor payments for business. I needed an integrated payment solution to work with my Quickbooks accounting system. I also did not want capture contractor and vendor private information as cyberthreats increase. Melio provided a platform to pay via ACH and by debit/credit card, which helps provide flexible options.
The ease of use, integration, and fee structure, are the key value points that lead me to using Melio. I recommend the solution to other small businesses that need speedy payment options that are secure and flexible.

Pros

  • Flexible contractor payment options
  • Easily integrate with other systems to prevent redundancy
  • Great Pricing structure that is clear and straightforward
  • Easy deployment

Cons

  • Melio seems to be for small to mid-sized businesses. I think the market for Melio is bigger.
  • More accounting integration points
  • More reporting and analytics tools
  • No startup costs to deploy Melio is a no brainer
  • The ease of use and integration with Quickbooks allowed for an immediate ROI
  • The fees per transaction were an instant savings option over other payment systems
Melio stacked up well against other solutions. The workflow and reporting were simple and the payment options were less expensive, without a monthly subscription. The ability to pay multiple invoicing in a few short clicks was appealing. The updated payment workflow was straightforward and helpful to provide immediate updates to our company and our contractors as well. Melio is a good option versus the other solutions.

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 allows you to quickly pay vendors/contractors without needing a ton of information. You can allow them to get paid in their preference, while controlling your form of payment (ACH, debit, or credit card). The network is solid and flexible to allow Melio users to pay vendors securely, quickly, and efficiently.

Melio Feature Ratings

Automated Accounts Payable Processes
8
Vendor Management
9
Customizable Approval Policies
9
Financial Document Management
8
Payment Status Tracking
10
Payment Audit Trail
10
Duplicate Bill Detection
9
Advanced OCR
8
Electronic Funds Transfer
10

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