Accounts payable and receivable platform Melio is partnering with Gusto, a payroll, HR, and benefits provider used by more than 400,000 small and midsized businesses, to make it easier for SMBs to pay employees, contractors, vendors, and get paid via invoices from one platform.
Melio says its comprehensive financial management platform provides control, automation, and flexibility for institutions seeking a one-stop shop for key financial services that help their business customers operate and grow.
For more than a decade, Gusto has enabled businesses to quickly and compliantly hire, pay, onboard, and manage their teams. Now, Gusto, in partnership with Melio, is launching Bill Pay to help customers easily manage and pay all vendor payments and business expenses—directly within its platform.
Using Melio’s embedded accounts payable technology, Bill Pay will enable Gusto customers to keep all of their payments in one place while maintaining control and visibility over their cash flow.
Melio’s technology provides more flexibility for SMBs because they can pay suppliers or vendors with an ACH transfer or credit card, even if the vendor doesn’t accept a credit card payment. Vendors can choose how they want to receive the payment—whether it’s through check or bank transfer. Additionally, bills can be uploaded to the platform by taking a picture, automatic extraction from a user’s email, or syncing with accounting software, eliminating the need for manual entry.
Melio says it also provides Gusto users with an integrated accounts receivable solution, Gusto Invoicing, which enables businesses to send invoices to their buyers and get paid quickly, helping to manage cash flow.
“The combination of Gusto’s extensive payroll capabilities and Melio’s accounts payable and receivable automation solution creates one payment and invoicing platform so that SMBs can focus their time and energy on what matters to them most—running their businesses,” Matan Bar, CEO and co-founder of Melio, said in a statement.
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Tags: Accounting, Gusto, invoices, Melio, partnership, Payroll, Small Business, Technology
