Electronic Funds Transfer
Funds can be transferred via EFT as opposed to paper checks.
Cat avg: 8.4
Top Performing Features
Payment Status Tracking
Tracks what stage payments are at in the process, from approval to receipt.
Cat avg: 8.8
Customizable Approval Policies
Policies for different types of approvals can be customized, sent to multiple approvers, automatically approved, etc.
Cat avg: 8.7
Payment Audit Trail
Allows admin users visibility into the entire payment process, from receiving the expense claim or invoice to the payee receiving payment.
Cat avg: 8.8
Worst Performing Features
Financial Document Management
Invoices, expense reports, and associated documents are stored within the platform for any future needs.
Cat avg: 7.9
Advanced OCR
Automatically imports information from invoices, receipts, expense reports, and other scanned documents into the platform.
Cat avg: 8.7
Tax Form Preparation
Allows users to create and share tax forms within the platform.
Cat avg: 6.5
Melio Features from Reviews
Payment Management
Features that allow for the management of payments across various forms of finance/accounting software.
8.8+3%
Customizable Approval Policies
Policies for different types of approvals can be customized, sent to multiple approvers, automatically approved, etc.
Category average: 8.7
Financial Document Management
Invoices, expense reports, and associated documents are stored within the platform for any future needs.
Category average: 7.9
Payment Status Tracking
Tracks what stage payments are at in the process, from approval to receipt.
Category average: 8.8
Payment Audit Trail
Allows admin users visibility into the entire payment process, from receiving the expense claim or invoice to the payee receiving payment.
Category average: 8.8
Duplicate Bill Detection
Detects duplicate invoices or expense reports to prevent double payments.
Category average: 9
Advanced OCR
Automatically imports information from invoices, receipts, expense reports, and other scanned documents into the platform.
Category average: 8.7
Electronic Funds Transfer
Funds can be transferred via EFT as opposed to paper checks.
Category average: 8.4
Accounts Payable
Features found in accounts payable software products
8.7+9%
Automated Accounts Payable Processes
Accounts payable processes are automated based on pre-determined workflows.
Category average: 8.3
Vendor Management
Holds information related to vendor terms and contracts.
Category average: 8.4
Tax Form Preparation
Allows users to create and share tax forms within the platform.
Category average: 6.5