Melio Features
What are the features of Melio?
Integration
- Accounting
- Payments
Invoice Processing
- Payments
Analytics
- Due Dates
- Payment Tracking
Invoice Generation
- Digital Invoices
Payment Processing
- Encryption
- Credit Card Processing
Administration
- Processing Fees
- Omnichannel
- Levels 1 & 2
- Level 3
Payment Options
- Online payment portal
Platform
- Accounting integration
- E-commerce Integration
Top Rated Melio Alternatives
Melio Categories on G2
Filter for Features
Payment Methods
ACH | Automated Clearing House (ACH) is an electronic network that processes large volumes of financial transactions, including B2B payments. | Not enough data | |
Credit and Debit | Corporate debit and credit cards used specifically for B2B payments | Not enough data | |
Wire Transfer | Electronic fund transfers between entities | Not enough data |
Payment Processing
Batch Processing | Payments can be processed by batch without manual intervention | Not enough data | |
Payments Scheduling | Ability to schedule payments at predefined dates and times | Not enough data | |
Automated Workflows | Workflows to manage every stage of the payment process | Not enough data | |
Self Service | Self-service portals and mobile apps to submit invoices for processing | Not enough data | |
Reconciliation | Match invoices, payments, and bank statement information | Not enough data | |
Settlements | Clearing of electronic payments to transfer funds from customers to suppliers | Not enough data | |
Payment Tracking | Track each stage of the payment process and manage payments history | Not enough data |
Security and Compliance
PCI Compliant | Comply with information security standards for credit card processing | Not enough data | |
P2PE | Point-to-point encryption to convert sensitive financial information into indecipherable code | Not enough data | |
Fraud Management | Features to protect companies from attempts to steal sensitive information like credit card details | Not enough data | |
SSL Encryption | Secure Sockets Layer is the standard security protocol for encryption of electronic data | Not enough data | |
SOX | Comply with the Sarbanes-Oxley Act (SOX) to protect companies and the public from accounting erros and fraud | Not enough data | |
SOC | Ensure compliance with Association of International Certified Professional Accountants standards for cloud vendors SOC1 and SOC 2 | Not enough data |
Integration
Agnostic Integration | The software can be integrated with any other products | Not enough data | |
Reporting Consolidation | Reports are generated using financial data from multiple sources | Not enough data | |
Plugins and APIs | The vendor provides pugins and APIs that customers can use to create custom integrations | Not enough data | |
Accounting | As reported in 31 Melio reviews. Provide integration with accounting and financial management software | 91% (Based on 31 reviews) | |
Payment Integration | Integrate with payment gateways and enterprise payments software This feature was mentioned in 31 Melio reviews. | 88% (Based on 31 reviews) | |
Accounting | As reported in 34 Melio reviews. Provide integration with accounting and financial management software | 88% (Based on 34 reviews) | |
Payments | Integrate with payment gateways and enterprise payments software This feature was mentioned in 34 Melio reviews. | 88% (Based on 34 reviews) | |
ERP | Deliver integrations with accounting modules of ERP systems This feature was mentioned in 21 Melio reviews. | 80% (Based on 21 reviews) | |
Account Sync | Sync with company accounts to transfer payments for approved invoices 28 reviewers of Melio have provided feedback on this feature. | 86% (Based on 28 reviews) |
Invoice Management
Capture | As reported in 29 Melio reviews. Provide features to capture invoices such as import or scanning | 83% (Based on 29 reviews) | |
Supplier Portal | As reported in 26 Melio reviews. Allow suppliers to submit invoices using an online portal | 75% (Based on 26 reviews) | |
Repository | Deliver a central repository of AP documents, such as POs and invoices This feature was mentioned in 26 Melio reviews. | 76% (Based on 26 reviews) |
Invoice Processing
Matching | Ability to match AP invoices to POs, contracts, or payments 29 reviewers of Melio have provided feedback on this feature. | 79% (Based on 29 reviews) | |
Payments | Based on 35 Melio reviews. Identify incomplete or late supplier payments | 91% (Based on 35 reviews) | |
Workflows | Include workflows for approvals and invoice processing This feature was mentioned in 30 Melio reviews. | 84% (Based on 30 reviews) | |
Tax Compliance | As reported in 20 Melio reviews. Comply with local and global tax regulations for collections | 70% (Based on 20 reviews) | |
Approvals | Include workflows for approvals of invoices or payments 30 reviewers of Melio have provided feedback on this feature. | 87% (Based on 30 reviews) | |
Batch Processing | As reported in 31 Melio reviews. Process multiple invoices without human intervention | 85% (Based on 31 reviews) | |
Consolidation | Based on 27 Melio reviews. Allow users to consolidate multiple invoices into one | 86% (Based on 27 reviews) | |
Match Invoices | Match invoices with purchases and sales orders, as well as with payments This feature was mentioned in 32 Melio reviews. | 88% (Based on 32 reviews) |
Analytics
Due Dates | Track invoices based on due dates to identify overdue payments This feature was mentioned in 30 Melio reviews. | 84% (Based on 30 reviews) | |
Due Dates | Track invoices based on due dates to identify overdue payments This feature was mentioned in 39 Melio reviews. | 88% (Based on 39 reviews) | |
Cashflow | As reported in 29 Melio reviews. Analyze variations between incoming and outgoing cash | 84% (Based on 29 reviews) | |
KPIs | Monitor KPIs such as time to process an invoice or erroneous payments This feature was mentioned in 25 Melio reviews. | 77% (Based on 25 reviews) | |
Payment Tracking | Based on 36 Melio reviews. Track different types of payment such as deposits or partial payments | 88% (Based on 36 reviews) |
Invoice Generation
Templates | Provide standard invoice templates that can be customized by users This feature was mentioned in 26 Melio reviews. | 86% (Based on 26 reviews) | |
Digital Invoices | As reported in 33 Melio reviews. Ability to convert invoices to digital formats such as PDF | 91% (Based on 33 reviews) | |
Recurring Invoices | Based on 28 Melio reviews. Automatically generates invoices at pre-defined time intervals | 82% (Based on 28 reviews) |
Payment Processing
Encryption | Based on 61 Melio reviews. Built-in security to protect payment information in order to prevent fraud and hacking. | 89% (Based on 61 reviews) | |
Credit Card Processing | Based on 63 Melio reviews. The ability to process credit card payments and receive approval or denial of funds from the customer's bank. | 91% (Based on 63 reviews) |
Administration
Processing Fees | Fees associated with processing individual transactions that may be based on a percentage of the purchase or a flat rate. 70 reviewers of Melio have provided feedback on this feature. | 84% (Based on 70 reviews) | |
Omnichannel | Based on 47 Melio reviews. Process payments from multiple channels such as ACH, mobile, or e-commerce. | 86% (Based on 47 reviews) | |
Levels 1 & 2 | Based on 45 Melio reviews. Supports levels 1 and 2 for credit card payment processing. | 86% (Based on 45 reviews) | |
Level 3 | Based on 38 Melio reviews. Supports level 3 credit card processing which requires additional data for qualification. | 83% (Based on 38 reviews) |
Payment Options
Online payment portal | See feature definition | Based on 77 Melio reviews. Provides an online portal where customers can make payments. | 91% (Based on 77 reviews) |
Platform
Accounting integration | As reported in 66 Melio reviews. Provide integration with accounting software and ERP systems. | 87% (Based on 66 reviews) | |
E-commerce Integration | Based on 38 Melio reviews. Provide integration with B2B and B2C e-commerce platforms | 82% (Based on 38 reviews) |
Payment Types
AP Automation | Manages large volumes of invoices and financial transactions between a company and its suppliers | Not enough data | |
E-Commerce | Facilitates the acceptance of electronic payment for online transactions | Not enough data | |
Retail | Features a common interface for in-store, online, and on-the-go set across all acceptance points | Not enough data |
Risk
Analysis | Reduces future risks through root cause analysis and process improvement 25 reviewers of Melio have provided feedback on this feature. | 81% (Based on 25 reviews) | |
Identification | As reported in 24 Melio reviews. Reduces frequency of errors, identifies risk and improves efficiency | 77% (Based on 24 reviews) | |
Scoring | Based on 21 Melio reviews. Scores suppliers and employees based on risk factors | 75% (Based on 21 reviews) |
Recovery
Recoup | As reported in 18 Melio reviews. Identifies and recoups funds and prevents errors from happening again | 79% (Based on 18 reviews) | |
Reporting | As reported in 23 Melio reviews. Offers reporting to aid in minimizing future lost profits and process breakdown | 80% (Based on 23 reviews) |
Audit
Filters | Based on 20 Melio reviews. Includes a library of audit-tested filters to identify AP outliers that are outside company policy | 65% (Based on 20 reviews) | |
Post Audits | As reported in 18 Melio reviews. Conducts a post-audit analysis of large volumes of data to identify historical payment errors and automatically generate claims | 68% (Based on 18 reviews) | |
Overpayments | Detects and prevents a wide range of overpayment errors 20 reviewers of Melio have provided feedback on this feature. | 64% (Based on 20 reviews) | |
Duplicates | Based on 23 Melio reviews. Detects and prevents a wide range of duplicate payments | 67% (Based on 23 reviews) |
Fraud
Vendor Checks | Enables automatic checks of new vendors being set up in the system to combat potential billing schemes 22 reviewers of Melio have provided feedback on this feature. | 78% (Based on 22 reviews) | |
Data Generation | Generates comprehensive data needed to conduct a thorough investigation This feature was mentioned in 20 Melio reviews. | 78% (Based on 20 reviews) | |
Monitoring | As reported in 18 Melio reviews. Provides continuous, proactive fraud monitoring across multiple systems and data formats | 78% (Based on 18 reviews) |
Platform Basics
Performance | Performs and secures payments efficiently on both the user and the consumer ends 32 reviewers of Melio have provided feedback on this feature. | 88% (Based on 32 reviews) | |
Portal | Contains a portal to facilitate contractor access to payments This feature was mentioned in 31 Melio reviews. | 88% (Based on 31 reviews) |
Platform Administration
Integrations | Based on 30 Melio reviews. Integrates with third-party HR software, such as systems for payroll, time & attendance, or core HR. | 77% (Based on 30 reviews) | |
Compliance | Maintains compliance with payroll regulations. 30 reviewers of Melio have provided feedback on this feature. | 76% (Based on 30 reviews) | |
Reporting | As reported in 32 Melio reviews. Provides analytics tools that reveal payment metrics of contractors over time | 78% (Based on 32 reviews) |
Platform Payment Content
Document management | As reported in 30 Melio reviews. Manages necessary information of contractors for ease of visibiltiy and access. | 77% (Based on 30 reviews) | |
Invoicing Tool | Generates invoices from HR departments for managing freelance, contract, and extended workforce. 30 reviewers of Melio have provided feedback on this feature. | 81% (Based on 30 reviews) | |
Wage access | Gives employees the ability to view, manage, and withdraw earned wages before payday. 27 reviewers of Melio have provided feedback on this feature. | 72% (Based on 27 reviews) |
Reporting
Status | As reported in 17 Melio reviews. Reports on the status of invoices or payments | 88% (Based on 17 reviews) | |
Customer Credit | Run reports on customer credit 16 reviewers of Melio have provided feedback on this feature. | 70% (Based on 16 reviews) | |
History | Tracks all transactions, from issuing invoices to payment reminders to receiving payment 18 reviewers of Melio have provided feedback on this feature. | 80% (Based on 18 reviews) |
Integrations
Accounting | Integrates with accounting or similar platforms 18 reviewers of Melio have provided feedback on this feature. | 87% (Based on 18 reviews) | |
ERP | Integrates with ERP systems 16 reviewers of Melio have provided feedback on this feature. | 74% (Based on 16 reviews) | |
CPM | Integrates with Corporate Performance Management platforms This feature was mentioned in 17 Melio reviews. | 75% (Based on 17 reviews) |
Transactions
Credits | As reported in 17 Melio reviews. Manages credit limits based on customer credit scores, payment history, or other financial metrics | 75% (Based on 17 reviews) | |
Invoices | Creates or imports invoices 17 reviewers of Melio have provided feedback on this feature. | 93% (Based on 17 reviews) | |
Payments | As reported in 18 Melio reviews. Collects different payment types and manages payment terms | 89% (Based on 18 reviews) |
Workflows
Approvals | Offers customizable approval processes for all types of transactions This feature was mentioned in 17 Melio reviews. | 87% (Based on 17 reviews) | |
Reconciliation | As reported in 17 Melio reviews. Reconciles payments to invoices to ensure matching | 82% (Based on 17 reviews) |
