How Amazon Business & Melio are Streamlining Invoice Payment

Managing invoices is an essential part of any business's operations, but manual payments potentially take precious time away from other important tasks of running the business.

Invoices can also provide a landscape scattered with errors and inefficiencies, from juggling multiple payment methods to tracking due dates and reconciling accounts; it can be prone to throwing up issues.

Unlock additional financial benefits

A new collaboration involving Amazon Business and Melio is aimed at preventing issues associated with invoicing. 

With Pay by Invoice, customers can now effortlessly pay their Amazon Business invoices with the Melio digital payment platform.

Additional features include:

• Import Amazon Business invoices to process payments in just a few clicks, however businesses choose, including by card
• Streamline the workflow with batch, recurring, and partial payments
• Sync with select accounting software for easy reconciliation. Unlock additional financial benefits

With the right structure in place, businesses can improve operational efficiencies, simplify workflows and unlock additional financial benefits.

Matan Bar, Co-Founder and CEO at Melio, says: "I am excited to share that Melio is partnering with Amazon to simplify payments for small and mid-sized businesses. With this partnership, businesses can now pay all their Amazon Business invoices — along with any other invoice — easily from one centralised platform.

"This is another step toward making cash flow management more seamless and flexible for business owners. Proud of the team for bringing this to life."

Numerous benefits

Melio offers several benefits to organisations looking to streamline the payment of Amazon Business invoices:

Leverage flexible payment options 

Businesses can pay in the way that works for them — via ACH or card — by importing Amazon Business invoices to Melio. Businesses can now use a card to pay Amazon Business invoices, giving the business more flexibility and control over cash flow.

Hold onto cash longer to extend float 

If the billing cycles of the company and vendors don't align, cash flows can be strained. Remove the uncertainty of waiting for the vendor to cash a cheque for it to hit the bank account.

By sending the payment through Melio, businesses get more visibility into and control of when funds are debited and cleared from the account. Schedule payments in advance to help ensure suppliers are paid on time, while giving the business the flexibility to hold onto cash longer. This boost to cash flow allows businesses to handle unexpected expenses, or reinvest funding in other areas of the business.

Set it and forget it through automated payments 

Streamline the invoicing process by setting up automated approval workflows tailored to the team's needs. Leaders can more effectively maintain payment control while delegating repetitive tasks with ease by simply setting rules based on payment amounts or schedules.

Business owners and admins can quickly create or adjust workflows as priorities evolve, ensuring smooth operations. By eliminating bottlenecks, businesses can avoid late fees, protect valuable business relationships and save team time to focus on what matters most: business growth.

Make all business payments from one place 

Managing multiple payments across different systems can be overwhelming. With a unified payment platform like Melio, leaders don't need to jump between different systems. Rather, they can consolidate all their invoices (including all Amazon Business invoices) into a single dashboard, making it easy to track, manage and ensure on-time payments.

Plus, with everything in one place, businesses can categorise expenses, uncover cost-saving opportunities and reinvest those savings into growing the business.

Batch or combine payments 

Melio lets businesses batch multiple bills or Amazon Business invoices into one workflow to reduce the time spent on back-office tasks. Organisations can also combine all their invoices or bills to the same vendor to reduce transaction fees, saving the business money and improving efficiency.

Simplify reconciliation with accounting software 

Through Melio's two-way accounting software sync with QuickBooks or Xero, payment details will be automatically updated in both the Melio platform as well as the accounting software. With this premium feature, businesses can lighten the workload, reduce errors and avoid duplicate data entry.

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