Late payment settlement can negatively affect business relationships. On the other hand, payments made too early can negatively affect business cash flow. Paying too soon means you’ll have less money for high profitable returns. Therefore, to improve efficiency in the business relationship and cash flow simultaneously, you’ll need a reliable payment system.
Melio optimizes your payment structure by providing stress-free ways to schedule your payment in advance. All you need to do is enter the payment you want to make, the recipients, and the due dates. The solution deducts the payment amount from your account on specific payment dates, disburses the payments to your dealers and suppliers, and notifies you when the payment is complete.
The best thing about Melio is that it lets you perform multiple payments simultaneously. It attends to all the payments at their due dates.