Managing finances is one of the most critical — and often most time-consuming — aspects of running a business. From paying vendors and employees to reconciling transactions and tracking expenses, the traditional methods of handling payments can be inefficient and prone to error. That’s where Plooto steps in — a modern payment automation platform designed to simplify, secure, and speed up how businesses manage their financial workflows.
Plooto has rapidly become a trusted tool for small and medium-sized businesses (SMBs) that want to streamline their accounts payable (AP) and accounts receivable (AR) processes while improving cash flow visibility. By combining automation, integration, and control, Plooto gives business owners and accountants the power to manage payments more efficiently — saving time, reducing costs, and minimizing manual work.
What Is Plooto?
Plooto is a cloud-based payment management platform that automates business-to-business (B2B) transactions, helping companies handle accounts payable and receivable with greater efficiency. The platform allows users to send, receive, and reconcile payments seamlessly — all in one place.
Founded in 2015, Plooto was created to eliminate the friction of traditional banking systems and make financial transactions more transparent, automated, and connected. Today, thousands of companies across North America rely on Plooto to handle payments, approvals, and reconciliation with minimal effort.
Its intuitive interface and smart automation tools make it especially valuable for businesses that manage multiple clients, vendors, or recurring transactions.
Key Features of Plooto
Plooto offers a powerful range of features that simplify complex payment processes and help business owners focus on what matters most — growth.
1. Automated Payments
With Plooto, businesses can automate payments to vendors, suppliers, and contractors. This eliminates the need for manual data entry and check writing. Payments can be scheduled in advance, ensuring vendors are paid on time every time.
2. Accounts Receivable (AR) Automation
Collecting payments from clients can be stressful and time-consuming. Plooto automates invoice delivery, sends payment reminders, and allows clients to pay via bank transfers, credit cards, or other preferred methods.
3. Two-Way Sync with Accounting Software
One of Plooto’s standout features is its integration with popular accounting platforms like QuickBooks Online, Xero, and NetSuite. This two-way data synchronization automatically updates payment statuses, reducing reconciliation time and human error.
4. Customizable Approval Workflows
Businesses can set up multi-level approval systems to ensure financial control. For example, managers can approve payments before they’re processed, adding an extra layer of oversight.
5. Cross-Border Payments
Plooto supports international payments, allowing users to send funds in multiple currencies across borders with low transaction fees. This is ideal for global businesses or those working with international suppliers.
6. Secure Cloud-Based Platform
Plooto uses bank-grade security and encryption protocols to ensure that all financial data and transactions are safe and compliant with financial regulations.
7. Real-Time Tracking and Reporting
Users can view the real-time status of payments, outstanding invoices, and account balances. This visibility helps maintain better cash flow management and financial forecasting.
8. Audit Trail and Compliance
Every transaction in Plooto is automatically logged with a full audit trail. This helps businesses maintain compliance and simplifies record-keeping for audits or financial reviews.
How Plooto Works
The process of using Plooto is simple, even for those with limited accounting experience:
- Connect Your Accounting Software:
Link your QuickBooks, Xero, or other supported software to sync invoices and bills automatically. - Set Up Vendors and Clients:
Add your payees or customers manually or import them from your accounting system. - Automate Payments and Collections:
Schedule payments, approve transactions, and automate invoice collection — all from one dashboard. - Track and Reconcile:
Once payments are completed, Plooto automatically updates your accounting books and reconciles transactions.
The result? Seamless, end-to-end automation for your entire payables and receivables cycle.
Benefits of Using Plooto
1. Saves Time and Reduces Manual Work
Automating payments and collections helps eliminate tedious tasks like check writing, manual data entry, and repetitive approvals.
2. Improves Cash Flow Visibility
Real-time dashboards give you a clear view of your financial position, helping you make smarter decisions.
3. Enhances Accuracy and Reduces Errors
Because Plooto syncs directly with accounting platforms, data duplication and human errors are drastically minimized.
4. Strengthens Internal Controls
Multi-user access and approval workflows help ensure that no payment is made without authorization.
5. Lowers Transaction Costs
Compared to traditional bank transfers or wire payments, Plooto’s transaction fees are significantly lower, saving money in the long run.
6. Boosts Vendor and Client Relationships
On-time payments and professional invoicing help maintain positive relationships with vendors and customers.
Plooto for Accountants and Bookkeepers
For accounting firms and bookkeepers managing multiple clients, Plooto is a game changer. It allows professionals to manage multiple businesses from a single dashboard.
Features like client switching, automated reconciliation, and role-based permissions help accounting teams work faster and more securely. Plus, automated workflows ensure approvals are handled efficiently, even when multiple stakeholders are involved.
Plooto Pricing
Plooto offers simple and transparent pricing tailored for businesses of all sizes:
- Plooto Grow Plan: Ideal for small businesses, includes unlimited domestic transactions for a flat monthly fee.
- Plooto Scale Plan: Designed for growing companies needing international payment support and advanced controls.
Unlike traditional payment systems that charge per transaction, Plooto’s flat-rate pricing helps businesses forecast expenses more accurately and avoid unexpected costs.
Security and Compliance
Security is a top priority for Plooto. The platform uses end-to-end encryption, two-factor authentication (2FA), and secure data centers to protect sensitive financial information.
It also complies with major financial and privacy regulations, including SOC 2 Type II certification, ensuring your business data is handled safely and responsibly.
Who Can Benefit from Plooto?
Plooto is suitable for:
- Small and medium-sized businesses (SMBs)
- Accountants and bookkeepers
- E-commerce stores and startups
- Freelancers and consultants
- Enterprises with global vendor networks
Essentially, any business looking to save time, cut costs, and streamline its financial workflows can benefit from Plooto’s automation features.
Plooto vs. Traditional Banking Systems
| Feature | Plooto | Traditional Banks |
|---|---|---|
| Payment Automation | ✅ Yes | ❌ Limited |
| Accounting Integration | ✅ QuickBooks, Xero, etc. | ❌ Manual entry required |
| Cross-Border Payments | ✅ Yes | ✅ Yes (higher fees) |
| Approval Workflows | ✅ Customizable | ❌ Manual |
| Real-Time Tracking | ✅ Yes | ❌ No |
| Cost Efficiency | ✅ Flat-rate pricing | ❌ Per transaction fees |
Plooto’s automation and cost-effective model make it a preferred choice over traditional banking for most small business payment operations.
Conclusion
In today’s fast-paced business world, financial efficiency is key to staying competitive. Plooto helps businesses eliminate manual payment processes, improve accuracy, and maintain real-time control over their cash flow — all while integrating smoothly with leading accounting software.
Whether you’re managing a small startup or a growing enterprise, Plooto simplifies your financial operations so you can focus more on strategy and less on administration.
With automation, security, and scalability at its core, Plooto isn’t just a payment tool — it’s the future of smart business finance management.