Plooto Review
What is Plooto?
Plooto is an online payment management system that integrates with leading accounting software like Quickbooks, Quickbooks Online, and Xero to provide end-to-end AP & AR automation. It is ideal for accounting professionals, accounting and bookkeeping firms, and small and medium businesses who are looking for a simple, cost-effective solution to make their accounts receivable and payable process more efficient. Freelancers and professionals can also benefit from the software as it allows them to send invoices and get paid faster with bank-grade security.
Perhaps one of the most significant differences between Plooto and other online payment systems is that payments can be processed even if the client or vendor doesn’t have a Plooto account. All you need is their email address and funds are directly and securely transferred to their bank accounts, which also helps you avoid expensive wire transfer fees and unnecessary charges. Invoices you send and payments you receive are also automatically reconciled and marked as paid in your accounting software, making the entire transaction simpler, faster, and cheaper.
If you want to get rid of tedious and repetitive manual data entry work, Plootoo has powerful automation and smart workflow features that can save your business countless hours and allow your staff to focus more of their time on high-value tasks. For example, you can connect your company’s bank account on Plooto and easily set up plans for recurring payments and pre-authorized debit or PAD payments. You can customize approval tiers and receive real-time notifications on transactions and electronic audit trails so you can easily keep track of any changes made on payments. Since everything is done electronically, you can also avoid checks and save time on going to the bank to deposit payments.
Plooto allows you to send payments anywhere in the US, Canada, and over 30 other countries with competitive exchange rates. You can send in major currencies such as the US dollar, Canadian dollar, Euro, Hong Kong dollar, Chinese Yuan, and UK pound sterling, just to name a few.
Plooto only operates in Canada and the USA.
You can start using Plooto through a one-month free trial. Succeeding monthly subscriptions are priced at $32 and $59, which already gives you access to full features, such as unlimited bank account connections, unlimited users per business, unlimited approvers, and unlimited customers and vendors.
Show MoreOverview of Plooto Benefits
Simplify Your Workflow
Simplify your workflow and streamline your accounts payable and receivable processes by having all your company decision-makers on one single platform. Make approvals on-the-go with your mobile phone and enable teams to work remotely.
Eliminate tedious and repetitive manual data entry work with automation and smart workflow features. By integrating your accounting software (Xero and QuickBooks) all details about your vendors, customers, bills, and invoices will seamlessly sync directly into Plooto.
Customize Approval Tiers
Plooto allows you to customize your approval process so that payments can be reviewed and approved before any funds are processed. You can select who can create, edit, and authorize transactions with just a few clicks.
Automate Your Accounts Payable and Receivable Processes
Plooto can adapt to your specific needs no matter how your business runs. Whether you’re collecting a one-time payment from a new customer, or recurring payments from a trusted partner, Plooto provides you a wide variety of payment options you need, all in one platform. You can also postdate payments for suppliers and customers you interact with on a regular basis.
With Plooto, payments can be processed even if your clients or vendors don’t have a Plooto account, all you need is their email address. If you do not have their banking information for a direct deposit, you can simply provide a contact name, email, and company name. When payment is made, your contact receives an email from Plooto to provide their banking information and accept the funds.
Control and Have Full Visibility into Your Cash Flow
Have certainty over your cash flow. See every detail of your payment’s status – when payment was made, where it is, when it will arrive in your account. You no longer are required to backtrack and follow-up with overdue invoices. Plooto automatically updates your records for completed transactions and sends real-time updates on the status of bills or invoices owed to your business.
Show MoreOverview of Plooto Features
- Digital Approvals (Desktop & Mobile)
- Automated Workflows
- Electronic Payments (Accounts Payable & Accounts Receivable)
- International Payments (Multiple Currencies Available)
- Check Payments
- CRA Remittance Payments (Canada Only)
- Xero Integration (Two-way Sync, Instant Reconciliation)
- QuickBooks Integration (Two-Way Sync, Instant Reconciliation)
- Fraud Detection
- Audit Trails and Record-Keeping
What Problems Will Plooto Solve?
Scenario 1: Cumbersome payment processing
Jane’s company works with an external bookkeeper, Dave. Dave logs all the bills in the accounting software, and the bills are automatically imported into Plooto. Jane logs into Plooto, makes sure everything looks good, and approves the payments. Plooto automatically makes electronic payments to the vendors and reconciles the accounting records. Both Jane and Dave save hours of time without compromising control.
Scenario 2: Payment bottlenecks
Each bill needs two signatures before the bill can be paid. Paul inputs the bills into his accounting software, which imports them automatically into Plooto. Board members are notified by email, and log into Plooto and approve the payment online—even on their phone and on the road. Once both approvals are received, Plooto makes the electronic payment and reconciles the accounting records. Plooto also keeps the audit trail, indicating who approved what. The organization avoids payment bottlenecks while controlling their spending, and Paul doesn’t have to run around getting signatures on checks.
Scenario 3: Complex approval process
Carla is busy running her business and doesn’t want to approve every nickel and dime. She tells her accountant, Jean: “Go ahead and make payments under $100. I’ll look at those at the month-end. But for payments between $100 and $500, get approval from my office manager. Anything over $500, send it to me.” Jean sets up approval tiers in Plooto, and when the bills are logged, the right people get notified by email. They log in and approve payments, which are made automatically. The books are instantly reconciled, and Plooto keeps an audit trail for future reference. Carla is able to delegate work without giving up control, and Jean is able to spend less time on AP and more on providing high-quality advisory services.
Awards & Quality Certificates
Plooto Position In Our Categories
Since companies have distinct business demands, it is wise that they avoid paying for a one-size-fits-all, ideal software system. Be that as it may, it is hard to try to stumble on such an app even among popular software solutions. The reasonable thing to do would be to narrow down the varied important factors that call for a consideration including critical features, price terms, skill competence of staff members, company size, etc. After which, you should perform the research systematically. Read some of these Plooto evaluations and look over each of the software solutions in your shortlist in detail. Such comprehensive research can make sure you avoid unsuitable software products and subscribe to the one that provides all the aspects your business requires to achieve growth.
Position of Plooto in our main categories:
TOP
100
Plooto is one of the top 100 Accounting Software products
It's crucial to note that hardly any service in the Accounts Payable Software category is going to be an ideal solution able to meet all the goals of all business types, sizes and industries. It may be a good idea to read a few Plooto Accounts Payable Software reviews first as specific software may excel exclusively in a very narrow group of applications or be prepared with a really specific type of industry in mind. Others may work with an idea of being easy and intuitive and therefore lack complicated functionalities needed by more experienced users. You can also find apps that cater to a large group of users and give you a powerful feature base, but this usually comes at a higher cost of such a solution. Be certain that you're aware of your needs so that you choose a service that offers all the elements you search for.
How Much Does Plooto Cost?
Plooto Pricing Plans:
Free Trial
Go
C$9
Grow
C$32
Pro
Contact vendor
What are Plooto pricing details?
Plooto Pricing Plans:
Free Trial
Go
C$9
Grow
C$32
Pro
Contact vendor
Plooto offers various SMB and enterprise pricing options and a 30-day free trial of any plan. Accountants and bookkeepers can get free or discounted plans by contacting the vendor.
For Businesses
Grow – C$32/month
- Automatic two-way sync with Xero and Quickbooks
- Streamline invoice processing with Plooto Capture (OCR)
- Set custom approval workflows with unlimited approvers
- Work with unlimited accountant users
- Conduct unlimited domestic transactions per month ($0.5 each)
- Send international payments with competitive exchange rates
- Accept payments with Pre-Authorized Debits (PAD) and credit card
Pro – By quote
- Everything in Grow +
- Automatic two-way sync with Netsuite
- Implement dual controls on user actions
- Manage user access with single sign-on (SSO)
- Access priority customer support
For Accounting Firms
Go – C$9/month
- Automatic two-way sync with Xero and Quickbooks
- Streamline invoice processing with Plooto Capture (OCR)
- Set basic approval workflows with 1 approver
- Work with 1 accountant user
- Conduct 5 domestic transactions per month ($1 each)
- Send international payments with competitive exchange rates
- Accept payments with Pre-Authorized Debits (PAD) and credit card
Grow – C$32/month
- Everything in Go +
- Set custom approval workflows with unlimited approvers
- Work with unlimited accountant users
- Conduct unlimited domestic transactions per month (C$0.5 each)
Pro – By quote
- Everything in Grow +
- Automatic two-way sync with Netsuite
- Implement dual controls on user actions
- Manage user access with single sign-on (SSO)
- Access priority customer support
User Satisfaction
Positive Social Media Mentions
82
Negative Social Media Mentions
2
We are aware that when you make a decision to buy a Accounts Payable Software it’s vital not only to learn how professionals rank it in their reviews, but also to discover if the real users and businesses that use this software are genuinely happy with the service. Because of that need we’ve designer our behavior-based Customer Satisfaction Algorithm™ that collects customer reviews, comments and Plooto reviews across a wide range of social media sites. The information is then displayed in a simple to understand format indicating how many customers had positive and negative experience with Plooto. With that information available you should be equipped to make an informed purchasing decision that you won’t regret.
Video
Screenshots
Technical details
Devices Supported
- Windows
- Linux
- Android
- iPhone/iPad
- Mac
- Web-based
- Windows Mobile
Deployment
- Cloud Hosted
Language Support
- English
Pricing Model
- Monthly payment
Customer Types
- Small Business
- Medium Business
- Freelancers
What Support Does This Vendor Offer?
- phone
- live support
- training
- tickets
What integrations are available for Plooto?
-
NetSuite
-
QuickBooks
-
QuickBooks Online
-
Xero
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