Melio vs. Quadient Accounts Receivable

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
Quadient Accounts Receivable
Score 8.0 out of 10
N/A
Quadient Accounts Receivable, formerly YayPay but acquired by Quadient in 2020, is presented as a complete accounts receivable management platform that gives user's teams more time, more insight, and more control.N/A
Pricing
MelioQuadient Accounts Receivable
Editions & Modules
Card processing fee
2.9%
No answers on this topic
Offerings
Pricing Offerings
MelioQuadient Accounts Receivable
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
MelioQuadient Accounts Receivable
Features
MelioQuadient Accounts Receivable
Payment Management
Comparison of Payment Management features of Product A and Product B
Melio
8.8
Ratings
16% above category average
Quadient Accounts Receivable
-
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
Quadient Accounts Receivable
-
Ratings
Automated Accounts Payable Processes8.90 Ratings00 Ratings
Vendor Management8.80 Ratings00 Ratings
Tax Form Preparation8.60 Ratings00 Ratings
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User Ratings
MelioQuadient Accounts Receivable
Likelihood to Recommend
8.4
(0 ratings)
8.1
(0 ratings)
Likelihood to Renew
-
(0 ratings)
8.2
(0 ratings)
Usability
-
(0 ratings)
8.2
(0 ratings)
User Testimonials
MelioQuadient Accounts Receivable
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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Suited for all sizes, we used them when we were 200 employees and now 500 and seems to be going smoothly.
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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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  • Self serve and easy access to customer documents
  • provides a full audit of all collection notes for any invoice in a single repository of data
  • Allows your collection team to become more proactive on issues than reactive - the automated services Quadient offers remove a lot of the manual human tasks
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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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  • Being able to tell clients which invoices were applied to for payment application
  • More analytical tools
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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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Amazing tool which we love. Definitely something to consider if you have a high volume of customers or your team runs lean as it does a lot of the touches without human support
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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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Super easy set up - does not need Admin support to create workflows or templates - anyone with a sense of receivables processes can do it
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Support Rating
They have great customer support system
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No answers on this topic
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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Quadient stacked up pretty well. Pricing was a bit higher than what we wanted to spend; however, based on the value we are receiving in a streamlined product, we pulled the trigger on it. Dunning was a bit more limited and manual process in the collections process so we opted for Quadient.
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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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  • Decrease in our DSO which was relatively high before
  • Ease of use by our customers to gather statements or invoices
  • Ease of use platform for all employees
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ScreenShots