Melio, a leading accounts payable and receivable platform, today announced multiple new features for small and medium-sized businesses and accountants to automate processes, boost control of payments,...
New Features Include Fast Foreign Currency Payments, Instant Bank Transfers, W9 Collection And Auto 1099 Sync, And Client Management Tool for Accountants With Priority Phone Support
NEW YORK: Melio, a leading accounts payable and receivable platform, today announced multiple new features for small and medium-sized businesses and accountants to automate processes, boost control of payments, and improve cash flow management.
These features enable accountants, bookkeepers, and financial advisors to improve clients’ cash flow with faster domestic and international payments, provide greater control through custom approval workflows on both desktop and mobile, and save time with automatic sync to accounting software and AI-powered bill capture.
“This is Melio's most extensive product upgrade since the company’s founding and is part of our continuous effort to translate our customers' needs into valuable new features. Melio is committed to continually creating more value by tackling more of the daily challenges that SMBs and accountants face,” said Matan Bar, Melio’s CEO and co-founder. “Our goal is to empower business owners and accountants by providing advanced payment features that support their growth and productivity.”
To access these new features, Melio designed tiered plans for every business type - offering a free option for smaller companies with fewer payment needs and premium plans with more robust features. All plans offer accounts payable and receivable options, fast and deferred payments, and flexible payment options.
The premium plans enable businesses to invite an external accountant at no extra cost to handle their bill pay as well as standard two-day delivery for ACH payments and live human phone support. Accounting firms do not have to pay to access these plans for the benefit of their clients. To view the subscription plans, visit https://meliopayments.com/pricing/.
Streamlining Independent Contractor Payments
On Melio’s platform, one out of three paid vendors is a contractor. According to a study published by the U.S Government Accountability Office (GAO), 33% of companies use contractors and according to another survey 15% of workers in the U.S. are classified as independent contractors. With Melio’s new premium features, businesses can streamline W-9 collection and automate 1099 generation, helping them achieve seamless compliance with the Internal Revenue Service (IRS) and save significant time and effort. This enables SMBs to focus on core business activities.
New Foreign Exchange Payments
With global commerce as a major revenue driver for SMBs, Melio now enables payors to make international payments in leading currencies. Melio users already had the capability of paying vendors globally in dollars.
These new features come on the heels of Melio’s rollout of other advanced payment solutions to customers, including real-time payments, which allows payors to make instant payments to vendors, and Pay Over Time, which enables eligible SMBs to pay vendors in installments while the vendor receives the full payment immediately.
About Melio:
Melio is a leading accounts payable and receivable platform that enables small and medium-sized businesses to quickly and seamlessly transfer and receive payments, helping them improve cash flow and workflow. In addition to its standalone platform, Melio offers accounts payable and receivable as a service through integrations with the platforms of financial institutions, software providers, and marketplaces, transforming how money is transferred between businesses. For more information, visit meliopayments.com.
Fonte: Business Wire
Successfully completing a Proof of Concept implementation in Athens, the two Italian companies prove that QKD can be easily implemented also in pre-existing…
Eni's VC company invest in the Italian drone company to develop new solutions for industrial plants monitoring
Oracle recognizes Technology Reply’s ability to develop and deliver pioneering solutions through partnering with Oracle
Scheduled for October, the world's largest startup event will bring together more than 2,000 exhibitors in Dubai, UAE
#BuyersGuide--Many enterprises are bypassing traditional call handling in favor of sophisticated contact center applications that meet customers in the…
#360camera--Insta360 announces the seamless integration of its flagship X4 camera with leading reality capture platforms, setting new standards for efficiency…
Nearly half (46%) of Brits admit to shopping on their phone while at work, according to a new survey conducted by Attentive, an AI-powered SMS and email…
Coronis Health, a leading provider of healthcare revenue cycle management (RCM) solutions, today announced the launch of its completely redesigned website.…