Plooto is your one-stop solution for automating business payments, streamlining workflows, and gaining total control over your cash flow.
Choosing Plooto can free you from the complexities of managing business payments. With its automation features for accounts payable and receivable, you gain time to focus on business growth. The platform offers a centralized network for all your financial transactions, providing full visibility into your cash flow. Ideal for businesses with recurring fees, Plooto’s seamless integration with accounting software like QuickBooks further simplifies your financial management.
Unlock the Power of Automated Financial Management with Plooto! From streamlining accounts payable to optimizing cash flow, discover how this all-in-one platform can revolutionize your business operations.
Don’t miss our in-depth review that covers every feature and pricing plan to help you make an informed decision. Read on to find out why Plooto is the game-changer your business has been waiting for!
Read further to learn more about Plooto, in our review we will detail its features, pros and cons with our rating, and a conclusion about why you should use it.
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Plooto is an end-to-end accounts payable and receivable software designed to streamline, simplify, and automate business payments.
The platform allows users to build scalable workflows, manage approvals, and achieve automatic reconciliation. It offers a network where you can add all your vendors, suppliers, and billers, providing total control and visibility into your cash flow.
The software is particularly beneficial for businesses with recurring fee models, as it integrates seamlessly with accounting software like QuickBooks, reducing both time spent on bookkeeping and operating costs.
Plooto specifications
Features
ACH Payments / Accessibility Features / Account Management Dashboard / Accounting management / Accounting software sync / Accounts Payable and Invoicing / Activity Alerts / Automate Your Accounting / Bank Reconciliation / Billing and Account Management / Find Accurate Contact Data
Best suited for
Small businesses, Mid size businesses, Large enterprises
Plooto offers three pricing tiers to suit various business needs. The Go Plan, priced at $9 per month, is designed for smaller operations with basic approval workflows and limited ACH transactions.
The Grow Plan, the most popular at $32 per month, offers advanced features with unlimited approvers and accountants, as well as more cost-effective ACH transactions.
For businesses looking to scale, the Grow Unlimited Plan at $59 per month provides all the features of the Grow Plan but with unlimited free ACH transactions. All plans come with a 30-day free trial, and special pricing is available for those with multiple clients.
Features: 1 Approver, 1 Accountant or Bookkeeper, Basic approval workflow
Transaction Limits: $1 per ACH transaction, Limited to 5 ACH transactions per month
Grow Plan (Most Popular)
Price: $32 USD/month
Features: Unlimited Approvers, Unlimited Accountants and Bookkeepers, Advanced approval workflow
Transaction Limits: $0.5 per ACH transaction, Unlimited ACH transactions, $0 per international FX transaction,10 Free ACH Transactions included in trial
Grow Unlimited Plan
Price: $59 USD/month
Features: Everything in the Grow plan, Unlimited number of FREE ACH transactions
Additional Information
All plans come with a 30-day free trial.
No credit card is required for the free trial.
Special pricing is available for those with 3 or more clients on either the Grow or Grow Unlimited plans.
Transaction fees are separate from the monthly subscription fee.
Plooto offers a comprehensive suite of features designed to streamline and automate your business’s financial processes.
From facilitating secure electronic fund transfers with ACH Payment Processing to automating accounts payable and receivable, the platform is engineered to enhance efficiency and control.
With robust access controls, seamless accounting integrations, and real-time activity dashboards, Plooto provides a one-stop solution for managing your business payments and financial workflows.
ACH Payment Processing
This feature allows for Automated Clearing House (ACH) payments, facilitating the electronic transfer of funds between banks. It’s a secure and efficient way to handle transactions, especially for businesses that deal with high volumes of payments.
Access Controls/Permissions
Plooto provides robust access control and permission settings. This ensures that only authorized personnel can access specific functionalities, enhancing the security of your financial transactions.
Account Reconciliation
The software offers automatic account reconciliation, which means it can match transactions in your accounting software with your bank statements. This saves time and reduces the risk of errors.
Accounting Integration
Plooto seamlessly integrates with popular accounting software like QuickBooks and Xero. This allows for a more streamlined accounting process, as data can be easily imported and exported between systems.
Accounts Payable
The platform specializes in automating the accounts payable process, making it easier to manage invoices, approvals, and payments to vendors and suppliers.
Accounts Receivable
Similarly, Plooto automates the accounts receivable process, allowing businesses to get paid faster and maintain better control over their cash flow.
Activity Dashboard
Plooto features an activity dashboard that provides a real-time overview of all transactions. This is particularly useful for monitoring cash flow and making informed financial decisions.
API
The software offers an API for custom integrations, allowing businesses to tailor the platform according to their specific needs.
Accounting Integration
This feature allows Plooto to integrate with other accounting software, making it easier to manage financial data across different platforms.
Activity Dashboard
The activity dashboard provides real-time insights into your financial transactions, helping you monitor cash flow and make data-driven decisions.
Alerts/Notifications
Plooto has a notification system that alerts users about important events like pending approvals or received payments, ensuring that you never miss a transaction.
Billing Portal
The software includes a billing portal where customers can view and pay their invoices, making the payment process more convenient for both parties.
Contact Database
Plooto allows you to maintain a contact database for vendors, suppliers, and customers, which can be useful for segmenting transactions and generating reports.
Contingency Billing
This feature enables businesses to set up contingency billing scenarios, providing flexibility in how they charge for services.
Credit Card Processing
Plooto supports credit card transactions, offering another convenient payment option for customers.
Using Plooto can significantly streamline your business’s financial operations by automating both accounts payable and receivable. The platform offers scalable workflows and automatic reconciliation, allowing you to focus more on growing your business rather than managing payments.
With a network of over 250,000 vendors and suppliers, Plooto provides a centralized hub for all your trusted payees, giving you complete control and visibility into your cash flow.
It’s particularly beneficial for businesses with recurring fee models, seamlessly integrating with accounting software like QuickBooks to reduce bookkeeping time and costs.
Whether you’re a small business or scaling up, Plooto offers a robust, user-friendly solution for all your payment needs.
Pros
Streamlined Financial Operations: Plooto automates accounts payable and receivable, making financial management more efficient.
Scalable Workflows: The platform can adapt to the needs of businesses of all sizes, offering customizable workflows.
Automatic Reconciliation: Plooto offers automatic matching of transactions with bank statements, reducing the risk of errors.
Extensive Network: With over 250,000 vendors and suppliers, Plooto provides a wide network for all your payment needs.
Seamless Integration: The software integrates effortlessly with popular accounting software like QuickBooks and Xero.
Cons
Limited Free Transactions: The Go Plan offers only 5 free ACH transactions per month, which may not be sufficient for larger businesses.
Learning Curve: While Plooto is user-friendly, some users may require time to fully understand all its features.
Cost: The pricing plans, although reasonable, could be a factor for very small businesses or startups operating on a tight budget.
No Built-in Payroll: Plooto focuses on accounts payable and receivable and does not offer a built-in payroll system.
Currency Limitations: While Plooto does handle international transactions, it may not support all currencies, which could be a limitation for global businesses.
