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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Melio

    Score9.3 out of 10
    N/AMelio 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

    Tesorio

    Score9 out of 10
    N/ATesorio is a cash flow performance tool used by Accounts Receivable, Treasury, and financial planning and analysis organizations. Prediction of cash inflows and outflows is used for decision-making, while Tesorio workflow tools can be used for managing collections, payments and currency exposures. They provide levers to make adjustment to timing and mitigate risk within cash flow.N/A
    Pricing
    MelioTesorio
    Editions & Modules
    Card processing fee
    2.9%
    No answers on this topic
    Offerings
    Pricing Offerings
    MelioTesorio
    Free Trial
    YesNo
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    NoNo
    Entry-level Setup FeeNo setup feeNo setup fee
    Additional DetailsContact vendor for pricing
    More Pricing Information
    Community Pulse
    MelioTesorio
    Considered Both Products
    Melio
    No answer on this topic
    Tesorio Inc.
    No answer on this topic
    Key User Insights
    Would buy again
    71%
    Would buy again
    17 Answers
    No answers on this topic
    Delivers good value for the price
    78%
    Delivers good value for the price
    18 Answers
    No answers on this topic
    Happy with the feature set
    75%
    Happy with the feature set
    18 Answers
    No answers on this topic
    Lived up to sales and marketing promises
    77%
    Lived up to sales and marketing promises
    17 Answers
    No answers on this topic
    Implementation went as expected
    87%
    Implementation went as expected
    20 Answers
    No answers on this topic
    Features
    MelioTesorio
    Payment Management
    Comparison of Payment Management features of Melio and Tesorio
    Feature
    Melio
    8.8
    10 Ratings
    15% above category average
    Tesorio
    -
    Ratings
    Customizable Approval Policies9.27 Ratings00 Ratings
    Financial Document Management7.57 Ratings00 Ratings
    Payment Status Tracking9.210 Ratings00 Ratings
    Payment Audit Trail9.28 Ratings00 Ratings
    Duplicate Bill Detection8.87 Ratings00 Ratings
    Advanced OCR8.27 Ratings00 Ratings
    Electronic Funds Transfer9.28 Ratings00 Ratings
    Accounts Payable
    Comparison of Accounts Payable features of Melio and Tesorio
    Feature
    Melio
    8.7
    14 Ratings
    27% above category average
    Tesorio
    -
    Ratings
    Automated Accounts Payable Processes8.913 Ratings00 Ratings
    Vendor Management8.813 Ratings00 Ratings
    Tax Form Preparation8.68 Ratings00 Ratings
    Best Alternatives
    MelioTesorio
    Small Businesses
    Tipalti
    Score8.7 out of 10
    Tipalti
    Score8.7 out of 10
    Medium-sized Companies
    Stampli
    Score8.2 out of 10
    Stampli
    Score8.2 out of 10
    Enterprises
    Yooz
    Score8.5 out of 10
    Yooz
    Score8.5 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    MelioTesorio
    Likelihood to Recommend
    8.5
    (20 ratings)
    -
    (0 ratings)
    User Testimonials
    MelioTesorio
    Likelihood to Recommend
    Melio
    In my personal experiences, I would recommend Melio to a friend or colleague but would tell them the pros and the con. Melio has really made payments seem seamless and easy. The fact that one can plan his/her payment schedule in advance and at the same time track it, is a very big relief. In as much as Melio has a lot of good features but it still needs upgrade or update, like the notifications of failed payments and delays.
    Incentivized
    Read full review
    Tesorio Inc.
    No answers on this topic
    Pros
    Melio
    • 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.
    Incentivized
    Read full review
    Tesorio Inc.
    No answers on this topic
    Cons
    Melio
    • 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.
    Incentivized
    Read full review
    Tesorio Inc.
    No answers on this topic
    Likelihood to Renew
    Melio
    I like the interface. I am familiar with functionality. Convenient to send ACH payments.
    Incentivized
    Read full review
    Tesorio Inc.
    No answers on this topic
    Usability
    Melio
    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.
    Incentivized
    Read full review
    Tesorio Inc.
    No answers on this topic
    Support Rating
    Melio
    They have great customer support system
    Incentivized
    Read full review
    Tesorio Inc.
    No answers on this topic
    In-Person Training
    Melio
    Very educative. It was well detailed, organized and knowledgeable.
    Incentivized
    Read full review
    Tesorio Inc.
    No answers on this topic
    Online Training
    Melio
    Very helpful and we learnt a handful
    Incentivized
    Read full review
    Tesorio Inc.
    No answers on this topic
    Alternatives Considered
    Melio
    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.
    Read full review
    Tesorio Inc.
    No answers on this topic
    Contract Terms and Pricing Model
    Melio
    The vendor is great
    Incentivized
    Read full review
    Tesorio Inc.
    No answers on this topic
    Professional Services
    Melio
    Very knowledgeable
    Incentivized
    Read full review
    Tesorio Inc.
    No answers on this topic
    Return on Investment
    Melio
    • 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
    Incentivized
    Read full review
    Tesorio Inc.
    No answers on this topic
    ScreenShots