Plooto Reviews

Pros

Sending payments in practically any quantity to suppliers with Plooto is one of its finest features. Approval control, user-friendliness, and affordability are all things we like. It integrates with QBO and makes it simple to reconcile and set up payments automatically. Recurring payments and deposits may be set up quickly and effortlessly.

Cons

The inclusion of cheque numbers in a report would be quite helpful in keeping track of payments. As an alternative, it would be good if the user could pick from a list of pre-existing merchants.

Pros

It's easy to use and the recurring billing is the best part. The option to collect payments through bank transfers or credit cards is a nice bonus.

Cons

The amount of time it takes to clear payments. I wish Plooto was a clearing house and cut down on the processing time. 5 business days processing time can be very detrimental to cash flow.

Alternatives Considered

Reasons for Choosing Plooto

Reasons for Switching to Plooto

Pros

Stream the payment process, the approval is automatic, and send the Email to inform the process is excellent.

Cons

The payment cannot be categorized into the different kinds

Pros

The interfaces are clean and the functionality with the software is very solid.

Cons

The contact integration between Xero and Plooto is currently ineffective, with each party attributing the issue to the other. When contacts are synchronized from Xero to Plooto, they are automatically generated as customers in Plooto, and there is no option to switch them to suppliers. The only recourse is to delete the customer contact and manually recreate it as a supplier. This persistent problem, reported to Plooto, introduces additional delays, requires extra confirmation of hand-offs, and disrupts the workflow with added confusion.

Pros

Ease of use with setting up payments for clients with the pre-authorized system. Great filters to search through past payment history.

Cons

Cannot do credit card refunds without going through customer service. Tedious, but not a big deal.

Pros

It is simple and easy to use and handle and use

Cons

There is no back up of payments and find receipts

Pros

I want to express my appreciation for the user-friendly interface of the platform. Both as a lessee and as a landlord, we find the system easy to navigate, and it greatly simplified the process of managing rental payments. The straightforward design and clear instructions made it simple for me to set up and use the platform effectively.

Cons

However, I would like to bring to your attention a small concern regarding the speed of remitting payments to the account holder. While Plooto has proven to be efficient in terms of the overall process, I have noticed that there is room for improvement in this particular aspect. On a few occasions, there has been a slight delay in receiving payments in our account. While this delay has not caused any significant inconvenience, I believe that enhancing the speed of payment remittance would further enhance the overall user experience.Hope you can also provide a shareable tutorial as well that can easily be accessed by contacts on how they can set up their personal profiles/accounts, similar to what you provide to enterprises like ours.

Pros

Easy to integrate to QBO and Xero.
Up to date outstanding bills.

Cons

It can sometime be clunky to change payment methods or tracking down when bill payments did not go through properly.

Pros

Simple, integration with QBO, Customer Support

Cons

possibility of e-transfer being accepted by Plooto user/admin

Pros

The approval process embedded in Plooto allows us to bridge physical distances between approvers with digital access. Reduces the need to travel to acquire approvals and improves security by reducing potential loss exposures.

Cons

The functional environment takes some getting used to. Can still get to the end of a transaction and not have a readily apparent way to initiate another sequence.
Has taken some time to understand how all of the information going into the system is presented to the vendors, to ensure there is clarity in the transaction.

Pros

Synchronization with QBO which is worried free for reconciliation.

Cons

I love the Plooto service and don't have any suggestion for now.

Pros

Plooto was easy to set up and begin using. The platform is very simple and saves time!

Cons

I can't say there is anything I don't like about Plooto.

Pros

Easy to make payments, and go back to view payments etc. Just started trying out the invoicing side and so far I love it. Customer Service 9the time I've needed it) was fantastic.

Cons

so far nothing, for what I use it it works great.

Pros

It connects to QBO and allows easy reconciliations as well as automatic set up of payments which is very helpful. Allows set up of recurring payments and recurring deposits easily

Cons

A report that includes cheque numbers would be very helpful for tracking payments. It would also be helpful if, when vendor names are not exact matches, it allowed the user to select from existing vendors set up.

Pros

Plooto makes it very easy to pay suppliers and vendors. If you can get your bills from Xero or your accounting software, its just a couple of clicks away to create payments. The additional approval workflow features are great for scaling up and delegating Accounts Payable and setting limits on payment types. Plooto Instant is also a very handy solution for last minute payment needs, we always keep funds there for our staff.

Cons

A better/more open API so we could programmatically create new payment contacts or set Email Transfer passwords, but honestly that's nit-picking. The functionality provided is more than enough for 99% of businesses.

Pros

Integrates well with QB online. Easy to use. Convenient. Efficient. Time saver.

Cons

there is no payroll integration which slows down the payment and reconciliation process considerably. Please add this feature to QB online

Pros

It is very useful to facilitate cross border payments, the pre-loading for funds to accelerate payments is appreciated. The ability to automate regular payments and populate a transaction is high.

Cons

The cross border receivables are extremely limited, the amount is too low to collect receivables across the border. I would like better communication as to what my options are and how to pre-qualify different vendors.

Pros

I like how easy it is to add my clients for their approvals. I also like how we were able to circumvent the fob usage that was necessary before making managing AP for our clients very time consuming.

Cons

Mostly that I haven't had time to explore the other options as work loads haven't allowed for it. I want to learn more and need to set aside some time.

Pros

I've been using Plooto for a little under a year now and it is incredible, it sync's directly with quickbooks and allows me to get my domestic invoices paid for under a 1$ per transaction!

The flat-rate fee is a game-changer for me, and means I don't have to pay Stripe's 2.9% transaction fee every time.

Cons

Two downsides:

- With QuickBooks recurring transactions, you can't sync a recurring transaction with a recurring receivable in QuickBooks so Plooto marks each recurring transaction as paid, you have to do this manually.

- Payment times can be anywhere from 3 - 7 days which is a little slow. Stripe offers instant payout which is a game changer. If Plooto could also offer instant payout for a flat rate that would make this software god-tier.

Pros

the ease of syncing invoices from Xero to plooto

Like that Plooto now issue cheque to our vendors that does not want to provide their banking info

Cons

Nothing comes to mind at this time based on our requirments

Pros

I like how easy it is to set up clients and send payments. Especially international payables and receivables.
The company [SENSITIVE CONTENT] likes how I can enter all the accounts payable and he can simply approve the payment. Saves him a considerable amount of time and work.

Cons

The payments take longer than the average EFT or wire. It may take up to a week for the money to be completely transferred.

Pros

I love everything. Especially CRA payments fro the source deductions and HST

Cons

N/A I like it all. everything is good in the software

Pros

I like the integration with QBO, nice and easy.

Cons

We signed up for this software early on, just like QBO (7-8 years ago). QBO granfathered us in, Plooto just jacked up the prices with no alternatives. Very underhanded and not fair. When I have more time I will be looking at alternatives for just that one reason.

Pros

It's way cheaper than credit card fees and saves time over cashing cheques.

Cons

Some payment changes can take a little longer than I feel they should. I tried to cancel a payment that was to be debited later that day. It still went through because it was too short notice.

Alternatives Considered

Reasons for Choosing Plooto

Reasons for Switching to Plooto

Pros

I like using Plooto, it's much more automated and inexpensive compared to other products that require a bit of manual adjustments. I love how it automatically records into quickbooks on the day of the transaction so there isn't a disrepancy when I look at the AP & AR.

Cons

As an accountant, there is a manual aspect with foreign currencies since Plooto does not want to deal with foreign currencies which is a bit of a headache.

There is a limit for the amount that you can send. However, with an approval system internally it should allow business to send more than 20K.