Melio vs. Novo

Melio is an Accounts Payable/Accounts Receivable platform, designed to streamline B2B payments for businesses of any size. Easily manage vendor payments, invoices, and cash flow with flexible payment methods like bank transfers or cards, and maintain control through scheduled payments. Melio syncs with QB and Xero, keeping records up to date. It also optimizes financial operations by automating approvals, scheduling, and reconciliation, reducing administrative tasks so you can focus on growing your business. Try all of Melio's features free for 30 days before you choose a plan.

Novo is a powerfully simple business banking platform built for the modern entrepreneur and powered by Middlesex Federal Savings. With dozens of native business software integrations available, Novo provides superior visibility into business finances while reducing cash flow friction for faster money movement and accelerated business growth. Features: Free business checking No hidden fees or minimums Unlimited transfers Mailed checks Novo connects with thousands of business tools, many of which are available as native integrations in the Novo app (available on desktop, iOS, and Android).