Managing payments and financial operations can be one of the most time-consuming tasks for any growing business. From paying vendors and contractors to reconciling invoices and tracking cash flow, financial management often becomes a bottleneck that slows down productivity. That’s where Plooto comes in — a modern payment automation platform designed to simplify, streamline, and secure business transactions.
Whether you’re a small business owner, finance manager, or accountant, Plooto provides a unified solution to handle payables, receivables, and approvals all in one place.
What Is Plooto?
Plooto is a cloud-based payment automation platform that helps businesses manage their accounts payable (AP) and accounts receivable (AR) more efficiently. Founded in 2015 in Toronto, Canada, Plooto was created to eliminate the manual tasks, inefficiencies, and risks associated with traditional payment processes.
The platform integrates seamlessly with accounting software like QuickBooks Online and Xero, enabling users to automate payment approvals, reconciliation, and cash flow management with ease. With Plooto, companies can say goodbye to paper checks, manual data entry, and costly bank fees.
Key Features of Plooto
1. Automated Accounts Payable
Plooto simplifies the process of paying suppliers, vendors, and contractors. You can schedule payments, get automatic approvals, and send funds electronically—all without writing a single check. The automation ensures payments are processed accurately and on time, helping you maintain strong business relationships.
2. Accounts Receivable Automation
Collecting payments is just as important as sending them. Plooto allows businesses to send digital invoices and receive online payments directly from clients. With features like recurring billing and payment reminders, it helps improve cash flow and reduce collection delays.
3. Payment Approvals Workflow
Plooto provides customizable approval workflows. You can assign payment approval permissions to specific team members based on roles or transaction amounts. This ensures financial control while keeping operations smooth and transparent.
4. Seamless Accounting Software Integration
Plooto integrates with leading accounting platforms like QuickBooks, Xero, and Sage, ensuring your financial records are automatically updated in real-time. This reduces the risk of errors and saves hours of manual data entry every week.
5. Cross-Border Payments
Doing business internationally? Plooto enables fast and affordable cross-border payments to over 30 countries, letting you pay vendors and suppliers in their local currencies. This is ideal for global businesses or those with remote teams.
6. Cash Flow Management Dashboard
Plooto provides a clear, real-time overview of your business’s financial health. You can track pending payments, monitor receivables, and forecast cash flow — all from a single dashboard.
7. Secure Payment Processing
Security is a top priority for Plooto. The platform uses bank-level encryption and complies with industry security standards to keep your data and money safe. Every transaction is authenticated, recorded, and traceable.
How Plooto Works
The Plooto system is built to be user-friendly, allowing businesses to automate their payment process in just a few steps:
- Connect Your Accounting Software – Link Plooto with QuickBooks, Xero, or other supported tools.
- Import Bills and Invoices – All your payables and receivables are automatically synced.
- Set Up Approval Rules – Define who can approve which payments.
- Schedule Payments – Choose due dates and automate payments to vendors or employees.
- Send and Receive Funds – Plooto transfers money directly between bank accounts, both domestically and internationally.
- Reconcile Automatically – Once payments are complete, the platform syncs back with your accounting software, keeping your books up to date.
Benefits of Using Plooto
1. Time Savings
Manual payment processing can take hours each week. Plooto automates repetitive tasks like data entry, approval routing, and bank reconciliation, freeing your team to focus on more strategic work.
2. Cost Efficiency
By eliminating paper checks, reducing late fees, and cutting bank transfer costs, Plooto saves businesses money every month. Many users report up to 80% savings in payment processing costs compared to traditional methods.
3. Improved Accuracy
Automation reduces human error, ensuring that invoices are paid correctly and on time. The integration with accounting systems ensures all data is accurate and up to date.
4. Enhanced Security
With secure authentication and encryption, Plooto protects your company from fraud and unauthorized transactions. Each action is logged for transparency and accountability.
5. Better Cash Flow Control
Real-time visibility into payments and receivables gives business owners better control over cash flow. This helps with planning, budgeting, and avoiding unexpected shortfalls.
6. Simplified Collaboration
Finance teams, accountants, and business owners can collaborate easily using Plooto’s cloud platform. Approval workflows keep everyone in the loop without endless email chains.
Who Should Use Plooto?
Plooto is ideal for:
- Small to Medium-Sized Businesses (SMBs): Especially those with growing transaction volumes.
- Accounting Firms: To manage multiple client accounts efficiently.
- Startups: That need automated payment systems without hiring large finance teams.
- Remote Teams: To streamline payments across different locations or countries.
Pricing and Plans
Plooto offers flexible pricing plans tailored to business needs:
- Core Plan: Ideal for small businesses, covering unlimited domestic payments with a flat monthly fee.
- Advanced Plan: Includes international payments, advanced approval workflows, and enhanced reporting tools.
Each plan comes with a free trial, allowing you to explore Plooto’s features before committing.
Why Plooto Stands Out
There are many payment automation tools, but Plooto’s strength lies in its simplicity, integration, and affordability. Unlike traditional banking systems or expensive enterprise software, Plooto provides a solution that’s powerful enough for accountants yet intuitive for business owners.
Key differentiators include:
- All-in-one automation for payables and receivables
- Seamless accounting integration
- Transparent flat-fee pricing model
- Cloud-based access anytime, anywhere
Customer Feedback
Users praise Plooto for saving them time and reducing administrative workload. Accountants love how it simplifies reconciliation, while business owners appreciate real-time cash flow tracking. Many reviewers note that Plooto has become an essential part of their financial toolkit.
Conclusion
In today’s fast-paced business environment, automation is key to efficiency. Plooto empowers businesses to take control of their financial operations by automating payments, approvals, and reconciliation. The platform reduces costs, improves accuracy, and gives you the visibility needed to make better financial decisions.
If you’re tired of chasing invoices or writing checks, Plooto could be the all-in-one payment solution your business has been waiting for.
