Melio Features

Automated Clearing House (ACH) is an electronic network that processes large volumes of financial transactions, including B2B payments.

Corporate debit and credit cards used specifically for B2B payments

Electronic fund transfers between entities

Payments can be processed by batch without manual intervention

Ability to schedule payments at predefined dates and times

Workflows to manage every stage of the payment process

Self-service portals and mobile apps to submit invoices for processing

Match invoices, payments, and bank statement information

Clearing of electronic payments to transfer funds from customers to suppliers

Track each stage of the payment process and manage payments history

Comply with information security standards for credit card processing

Point-to-point encryption to convert sensitive financial information into indecipherable code

Features to protect companies from attempts to steal sensitive information like credit card details

Secure Sockets Layer is the standard security protocol for encryption of electronic data

Comply with the Sarbanes-Oxley Act (SOX) to protect companies and the public from accounting erros and fraud

Ensure compliance with Association of International Certified Professional Accountants standards for cloud vendors SOC1 and SOC 2

The software can be integrated with any other products

Reports are generated using financial data from multiple sources

The vendor provides pugins and APIs that customers can use to create custom integrations

Provide integration with accounting and financial management software This feature was mentioned in 43 Melio reviews.

As reported in 43 Melio reviews. Integrate with payment gateways and enterprise payments software

Based on 55 Melio reviews. Provide integration with accounting and financial management software

Integrate with payment gateways and enterprise payments software 55 reviewers of Melio have provided feedback on this feature.

Deliver integrations with accounting modules of ERP systems This feature was mentioned in 42 Melio reviews.

As reported in 49 Melio reviews. Sync with company accounts to transfer payments for approved invoices

Based on 41 Melio reviews. Provide features to capture invoices such as import or scanning

As reported in 37 Melio reviews. Allow suppliers to submit invoices using an online portal

As reported in 37 Melio reviews. Deliver a central repository of AP documents, such as POs and invoices

Ability to match AP invoices to POs, contracts, or payments This feature was mentioned in 40 Melio reviews.

Identify incomplete or late supplier payments This feature was mentioned in 46 Melio reviews.

As reported in 41 Melio reviews. Include workflows for approvals and invoice processing

As reported in 31 Melio reviews. Comply with local and global tax regulations for collections

Include workflows for approvals of invoices or payments This feature was mentioned in 50 Melio reviews.

Process multiple invoices without human intervention This feature was mentioned in 50 Melio reviews.

As reported in 46 Melio reviews. Allow users to consolidate multiple invoices into one

Match invoices with purchases and sales orders, as well as with payments 52 reviewers of Melio have provided feedback on this feature.

As reported in 41 Melio reviews. Track invoices based on due dates to identify overdue payments

Based on 59 Melio reviews. Track invoices based on due dates to identify overdue payments

Analyze variations between incoming and outgoing cash This feature was mentioned in 48 Melio reviews.

As reported in 44 Melio reviews. Monitor KPIs such as time to process an invoice or erroneous payments

As reported in 56 Melio reviews. Track different types of payment such as deposits or partial payments

Provide standard invoice templates that can be customized by users This feature was mentioned in 47 Melio reviews.

Ability to convert invoices to digital formats such as PDF 54 reviewers of Melio have provided feedback on this feature.

Automatically generates invoices at pre-defined time intervals This feature was mentioned in 48 Melio reviews.

Built-in security to protect payment information in order to prevent fraud and hacking. This feature was mentioned in 98 Melio reviews.

The ability to process credit card payments and receive approval or denial of funds from the customer's bank. 99 reviewers of Melio have provided feedback on this feature.

Based on 107 Melio reviews. Fees associated with processing individual transactions that may be based on a percentage of the purchase or a flat rate.

Process payments from multiple channels such as ACH, mobile, or e-commerce. This feature was mentioned in 83 Melio reviews.

Supports levels 1 and 2 for credit card payment processing. 78 reviewers of Melio have provided feedback on this feature.

Supports level 3 credit card processing which requires additional data for qualification. 71 reviewers of Melio have provided feedback on this feature.

Based on 115 Melio reviews. Provides an online portal where customers can make payments.

Provide integration with accounting software and ERP systems. This feature was mentioned in 103 Melio reviews.

As reported in 72 Melio reviews. Provide integration with B2B and B2C e-commerce platforms

Manages large volumes of invoices and financial transactions between a company and its suppliers

Facilitates the acceptance of electronic payment for online transactions

Features a common interface for in-store, online, and on-the-go set across all acceptance points

Reduces future risks through root cause analysis and process improvement This feature was mentioned in 35 Melio reviews.

Reduces frequency of errors, identifies risk and improves efficiency 34 reviewers of Melio have provided feedback on this feature.

Based on 31 Melio reviews. Scores suppliers and employees based on risk factors

Identifies and recoups funds and prevents errors from happening again 28 reviewers of Melio have provided feedback on this feature.

Based on 33 Melio reviews. Offers reporting to aid in minimizing future lost profits and process breakdown

As reported in 30 Melio reviews. Includes a library of audit-tested filters to identify AP outliers that are outside company policy

Conducts a post-audit analysis of large volumes of data to identify historical payment errors and automatically generate claims This feature was mentioned in 28 Melio reviews.

Detects and prevents a wide range of overpayment errors This feature was mentioned in 30 Melio reviews.

As reported in 32 Melio reviews. Detects and prevents a wide range of duplicate payments

Enables automatic checks of new vendors being set up in the system to combat potential billing schemes 31 reviewers of Melio have provided feedback on this feature.

As reported in 29 Melio reviews. Generates comprehensive data needed to conduct a thorough investigation

Based on 27 Melio reviews. Provides continuous, proactive fraud monitoring across multiple systems and data formats

Based on 43 Melio reviews. Performs and secures payments efficiently on both the user and the consumer ends

As reported in 42 Melio reviews. Contains a portal to facilitate contractor access to payments

Based on 41 Melio reviews. Integrates with third-party HR software, such as systems for payroll, time & attendance, or core HR.

As reported in 41 Melio reviews. Maintains compliance with payroll regulations.

As reported in 43 Melio reviews. Provides analytics tools that reveal payment metrics of contractors over time

Manages necessary information of contractors for ease of visibiltiy and access. 41 reviewers of Melio have provided feedback on this feature.

Generates invoices from HR departments for managing freelance, contract, and extended workforce. This feature was mentioned in 41 Melio reviews.

As reported in 38 Melio reviews. Gives employees the ability to view, manage, and withdraw earned wages before payday.

As reported in 34 Melio reviews. Reports on the status of invoices or payments

As reported in 31 Melio reviews. Run reports on customer credit

Tracks all transactions, from issuing invoices to payment reminders to receiving payment 35 reviewers of Melio have provided feedback on this feature.

As reported in 35 Melio reviews. Integrates with accounting or similar platforms

As reported in 31 Melio reviews. Integrates with ERP systems

Integrates with Corporate Performance Management platforms This feature was mentioned in 32 Melio reviews.

Manages credit limits based on customer credit scores, payment history, or other financial metrics 32 reviewers of Melio have provided feedback on this feature.

As reported in 35 Melio reviews. Creates or imports invoices

Collects different payment types and manages payment terms This feature was mentioned in 36 Melio reviews.

Based on 32 Melio reviews. Offers customizable approval processes for all types of transactions

Based on 33 Melio reviews. Reconciles payments to invoices to ensure matching

Works across multiple software systems or databases

Improves performance based on feedback and experience

Anticipates needs and offers suggestions without prompting

Capability to perform complex tasks without constant human input

Anticipates needs and offers suggestions without prompting

Makes informed choices based on available data and objectives

Capability to perform complex tasks without constant human input

Improves performance based on feedback and experience

Sends automated messages and reminders, resolves disputes, or does proactive outreach.

Responds to basic questions from inbound emails.

Analyzes past transactions to make a prediction of when future payments are likely to be paid.