Melio vs. MineralTree

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Melio
Score 9.3 out of 10
N/A
Melio is a small business-oriented Accounts Payable tool, presented as a service that helps small businesses keep up with business. A B2B payments experience and payment workflow designed to be simple, and to enable businesses to pay domestic and international vendors, expedite payments, or pay by card.N/A
MineralTree
Score 4.4 out of 10
Mid-Size Companies (51-1,000 employees)
MineralTree automates accounts payable and payments by connecting a business' ERP/Accounting Software to their business bank account. Since the October 2021 acquisition it is a Global Payments brand.N/A
Pricing
MelioMineralTree
Editions & Modules
Card processing fee
2.9%
No answers on this topic
Offerings
Pricing Offerings
MelioMineralTree
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeRequired
Additional Details
More Pricing Information
Community Pulse
MelioMineralTree
Features
MelioMineralTree
Payment Management
Comparison of Payment Management features of Product A and Product B
Melio
8.8
Ratings
15% above category average
MineralTree
-
Ratings
Customizable Approval Policies9.20 Ratings00 Ratings
Financial Document Management7.50 Ratings00 Ratings
Payment Status Tracking9.20 Ratings00 Ratings
Payment Audit Trail9.20 Ratings00 Ratings
Duplicate Bill Detection8.70 Ratings00 Ratings
Advanced OCR8.20 Ratings00 Ratings
Electronic Funds Transfer9.20 Ratings00 Ratings
Accounts Payable
Comparison of Accounts Payable features of Product A and Product B
Melio
8.7
Ratings
27% above category average
MineralTree
-
Ratings
Automated Accounts Payable Processes8.90 Ratings00 Ratings
Vendor Management8.70 Ratings00 Ratings
Tax Form Preparation8.50 Ratings00 Ratings
User Ratings
MelioMineralTree
Likelihood to Recommend
8.4
(0 ratings)
7.5
(0 ratings)
User Testimonials
MelioMineralTree
Likelihood to Recommend
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?"
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It's well suited if you would like to negotiate a good price and you are a small company needing an AP solution. However, I would say stick to Bill.com if you want a solution you can grow with.
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Pros
  • The simplicity it adds to business payments is a great deal. One feature we really value it the ability to pay vendors by check. Melio prints and mails checks for us which saves time and hassle.
  • Payment scheduling tool is another thing we enjoy. This tool lets us plan ahead and manage cash flow more effectively by setting payment dates in advance.
  • Another thing Melio does well is the tracking of payment.
  • There was a time a vendor claimed that they hadn't been paid, but with just a few clicks we could see the check has already been delivered.
  • This kind of transparency gives us confident and keep things professional.
  • The integration with other platform or accounts like QuickBooks is an experience I did love to keep.
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  • Great Customer Service. Whenever there is an issue they are very responsive in helping with the issue.
  • At the time it was cheaper than Bill.com for most of the same functionality.
  • Integrated with QuickBooks relatively well.
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Cons
  • There should be an automatic link between vendors added with their Melio link and the same vendors that already exist in QuickBooks. As it is now, a new vendor is created when you do that and is not linked with the one that already is in QuickBooks.
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  • We had some improvements that wanted to be made but so far over the 2 years with them they have made the updates we wanted.
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Likelihood to Renew
It has solved almost all the business needs I have and has contributed greatly to my business growth.
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Usability
Melio has been a very important tool in the advancement of our business. With great features, it has made payments to vendors seamless and hassle free. In terms of vendor management, account/data tracking, and scheduling of payments in advance. This has formed the base that we are still with Melio till today.
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No answers on this topic
Support Rating
They have great customer support system
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In-Person Training
Very educative. It was well detailed, organized and knowledgeable.
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No answers on this topic
Online Training
Very helpful and we learnt a handful
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No answers on this topic
Alternatives Considered
Melio is 100% free if you just use ACH, and that by itself would be reason enough for me to stick with the platform, it boats a ton of other useful features that add to the experience.
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At the time, we had to records transaction twice when we had Bill.com, MineralTree solved that problem.
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Return on Investment
  • I have been able to save hours every week now that I am only using Melio as my payment processor
  • I can easily add invoice details which I use to create in another platform and upload to Melio, this saves me time with projects I want to be quicker with
  • The ease of use for my clients is fantastic, and makes for a seamless workflow
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  • Cost of AP.
  • AmEx integration will allow us to accrue points on our card.
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ScreenShots

MineralTree Screenshots

Screenshot of AP and Payment Automation from MineralTree