Billtrust vs. Melio

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Billtrust
Score 7.0 out of 10
N/A
The Billtrust suite of AR solutions helps make sense of customers' ever-expanding invoicing preferences, their growing use of digital payments, and AR teams' valuable time. Accelerating the order-to-cash cycle benefits both sides of the B2B transaction.N/A
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
Pricing
BilltrustMelio
Editions & Modules
No answers on this topic
Card processing fee
2.9%
Offerings
Pricing Offerings
BilltrustMelio
Free Trial
NoYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeOptionalNo setup fee
Additional Details
More Pricing Information
Community Pulse
BilltrustMelio
Considered Both Products
Billtrust
Chose Billtrust
For a less tech-educated workforce, Billtrust did the job and required minimal developer resources on our end. Also, while Billtrust lacked in several arenas relative to Stripe, it was good for us since we were not a subscription-based business. For the price, Billtrust was a …
Chose Billtrust
In the past, I used Taulia and Covisint as a similar but not identical packages. Both of these software systems had an integration with the customers with whom we were dealing, which would allow purchase orders to flow into the software. Vendors could then generate invoices in …
Melio
Chose Melio
1. One thing I like about Melio is the free version for small businesses or individuals or soleprenuels .
2. Melio offers free bank to bank payments on all plans, even the free version unlike other competitors.
3. You can pay vendors with credit cards even if they don't accept …
Chose Melio
I have used Bill, Mercury and Novo. They all meet my requirements' for my business and do similar services. However, I have been sticking with Melio over the other products as it meets all the needs for my business. Melio is a turn key solution for me. Melio is all I am using …
Chose Melio
Melio has much better customer service and lower fees than the competitors I've tried!
Chose Melio
Melio stacked up well against other solutions. The workflow and reporting were simple and the payment options were less expensive, without a monthly subscription. The ability to pay multiple invoicing in a few short clicks was appealing. The updated payment workflow was …
Chose Melio
I love Melio compared to bill.com, which seems to be full of fees and annoying ads that Melio does not have.
Chose 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.
Chose Melio
Melio tested to be much easier to use than BILL.
Additionally, Melio is free for bill payment; others charge quite a bit. Being able to recommend a free app to our clients makes standardizing on a single solution very easy for us.
Chose Melio
Less features than Ramp, but a solid option for free use for ACH. If you need International wires, fees may be higher than other options. However, you can issue paper checks, ACH, wires or use a linked credit card to pay bills.
Chose Melio
I prefer Melio due to its simplistic interface.
Chose Melio
I prefer Melio over Bill.com. I prefer Melio because it is easier to cancel or correct a payment on the platform. I like the way that Melio lets you track vendor requests for payment information. I like that it is easy to follow the payment all the way through the process to …
Chose Melio
It is pretty good, but clients call frustrated with it when they have to fix things. I cannot offer it to advanced clients, since the system is too simple.
Chose Melio
Bill.com is more expensive and more difficult to use than Melio. While it has a greater range of functionality and apparently has better integration into QuickBooks, we didn't need the greater functionality and I had just as much trouble integrating into Bill.com as I have with …
Features
BilltrustMelio
Payment Management
Comparison of Payment Management features of Product A and Product B
Billtrust
-
Ratings
Melio
8.8
Ratings
15% above category average
Customizable Approval Policies00 Ratings9.20 Ratings
Financial Document Management00 Ratings7.50 Ratings
Payment Status Tracking00 Ratings9.20 Ratings
Payment Audit Trail00 Ratings9.20 Ratings
Duplicate Bill Detection00 Ratings8.70 Ratings
Advanced OCR00 Ratings8.20 Ratings
Electronic Funds Transfer00 Ratings9.20 Ratings
Accounts Payable
Comparison of Accounts Payable features of Product A and Product B
Billtrust
-
Ratings
Melio
8.7
Ratings
27% above category average
Automated Accounts Payable Processes00 Ratings8.90 Ratings
Vendor Management00 Ratings8.80 Ratings
Tax Form Preparation00 Ratings8.60 Ratings
Best Alternatives
BilltrustMelio
Small Businesses
MIP Fund Accounting
MIP Fund Accounting
Score 8.7 out of 10
Square 9 Softworks
Square 9 Softworks
Score 9.1 out of 10
Medium-sized Companies
Accounting Seed
Accounting Seed
Score 6.3 out of 10
Square 9 Softworks
Square 9 Softworks
Score 9.1 out of 10
Enterprises
BlackLine
BlackLine
Score 8.8 out of 10
Webexpenses
Webexpenses
Score 9.2 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
BilltrustMelio
Likelihood to Recommend
7.0
(0 ratings)
8.4
(0 ratings)
Likelihood to Renew
10.0
(0 ratings)
-
(0 ratings)
Usability
10.0
(0 ratings)
-
(0 ratings)
Support Rating
10.0
(0 ratings)
-
(0 ratings)
Implementation Rating
10.0
(0 ratings)
-
(0 ratings)
User Testimonials
BilltrustMelio
Likelihood to Recommend
Billtrust would work best for an organization that has grown beyond the capacity for a few people in A/R to manage customer invoices, or A/P to manage vendor invoices. If your business system can create the files needed for automation with Billtrust, or can create payables from properly formatted data from Billtrust, then it's worth looking into what Billtrust can do for you. They are especially skilled in helping to convert paper-only customers to e-mail or online invoicing with dedicated "campaign" managers and reporting on e-invoice adoption rates to help you meet your goals.
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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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Pros
  • The payment portal is of the highest security, giving our participating customers piece of mind.
  • By offering electronic methods of billing statement, and other documents, electronically (email, ebill, ebank presentations) we are able to save on printing an postage costs.
  • Always on the cusp of emerging technologies, and willing to share their experience, Billtrust offers webinars, Twitterviews, classes, and conferences to keep you in the know and ahead in your industry.
  • Billtrust has a crack customer service team that always responds promptly, and with through follow up. Even better yet, when you respond to a survey on their customer service, they will donate to charity - that shows a willingness to hear what their customers have to say.
  • If you ever think of an idea, Billtrust is accepting of considering its implementation and how it can be incorporated into their services and systems, making the growth of services organically functional.
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  • 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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Cons
  • UI - Billtrust could've had a better design and overall user interface. Everything worked, but at times it could be challenging to navigate to the feature you needed to use.
  • Internal Dashboard - The internal dashboard was outdated and hard to navigate at times. The data produced by the dashboard was congested and didn't provide the most efficient view for gathering certain customer information.
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  • 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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Likelihood to Renew
We have a longstanding good record of invoice delivery and a high number of customers who are accustomed to the look and feel for logging to make payments
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It has solved almost all the business needs I have and has contributed greatly to my business growth.
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Usability
Not too busy or elaborate, able to quickly log in & start using right away
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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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Support Rating
After 15 years I have only had a handful of support cases each year. When I have created support cases for issues the response time is under 24 hours. And the initial response is typically enough for me to close the case. I do not remember a case that needed to be escalated. For cases I opened to request changes (subject line, logo, etc.) the case is typically resolved within 7 days, and always includes examples for me to verify before the change is put into production. There are not typically any issues with Billtrust itself - my support cases typically involve issues that we caused with bad data, or requests for information we do not have access to through any of the existing reports.
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They have great customer support system
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In-Person Training
No answers on this topic
Very educative. It was well detailed, organized and knowledgeable.
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Online Training
No answers on this topic
Very helpful and we learnt a handful
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Implementation Rating
I was not here for the implementation
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No answers on this topic
Alternatives Considered
For a less tech-educated workforce, Billtrust did the job and required minimal developer resources on our end. Also, while Billtrust lacked in several arenas relative to Stripe, it was good for us since we were not a subscription-based business. For the price, Billtrust was a good solution for our invoice-to-pay business.
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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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Return on Investment
  • We are currently using it to reconcile two large vendor accounts.
  • We have been making electronic payments through our p-card for the past several months - allowing us to earn rebates of 1.17 - 1.25% on the payments made.
  • The downside is. The data isn't that clean, and we have spent hours and hours trying to get to the real number we owe to these vendors.
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  • 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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