Overview

Melio Accounts Payable is a comprehensive online platform designed to simplify and automate the way businesses manage and pay their bills. It offers a user-friendly interface and powerful features that eliminate manual data entry, improve cash flow management, and streamline the entire accounts payable process. Melio allows businesses to pay vendors, suppliers, and contractors both domestically and internationally, all in one place.

Key Features

• AI-Powered Invoice Capture: Sync, scan, or upload invoices using an AI-powered tool, eliminating manual data entry. Melio intelligently extracts key information from invoices, saving you time and reducing errors.
• Flexible Payment Methods: Pay vendors via ACH bank transfer or credit card, even if they don't accept cards. Vendors receive payment via check or bank transfer, depending on their preference.
• Payment Scheduling & Automation: Schedule individual or batch payments, combine multiple bills into one payment, and set up recurring payments to automate routine tasks.
• Approval Workflows: Create multi-level workflows for efficient payment authorization, ensuring proper oversight and control over spending.
• Accounting Software Integration: Seamlessly integrate with QuickBooks Online, QuickBooks Desktop, and Xero to automatically sync vendors, bills, and payments for easy reconciliation.
• Global Payments: Pay international vendors in their preferred currency, simplifying cross-border transactions and reducing currency conversion fees. Melio supports payments in 16 foreign currencies in addition to USD.
• Flexible Payment Delivery Speeds: Choose payment methods and speeds that work best, including instant payments, same-day bank transfers, and fast checks.
• Partial Payments: Split bills into multiple payments and payment methods, providing more flexibility and control over cash flow.

Benefits

• Save Time and Money: Automate accounts payable processes to save hours each month on manual data entry and payment processing.
• Improve Cash Flow Management: Defer payments for up to 45 days by paying with a credit card, even when the vendor doesn't accept cards.
• Gain Greater Control: Customize payment terms, create approval workflows, and monitor payment status in real-time to maintain control over your finances.
• Simplify Reconciliation: Automatically sync payments with your accounting software for easy reconciliation and accurate financial reporting.
• Enhance Vendor Relationships: Pay vendors on time and in their preferred currency, fostering strong relationships and ensuring timely delivery of goods and services.
• Accessibility: Approve or check the status of any payment - all from your phone.