Name: Make and Collect Payments with Plooto
Uploaded: 2020-10-09T14:16:50.000Z
Duration: 56 s
Description: Making and Collecting Payments with Plooto

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### Payment Processing
User feedback on Plooto's payment processing capabilities varies. While some users appreciate the ease of making payments and the ability to schedule future payments, others have raised concerns about the time it takes to process payments and the timeliness of deposits into client accounts. The platform's feature to set up recurring payments has been highlighted as beneficial, although some users have noted room for improvement in terms of payment processing speed and customer service responsiveness. Additionally, the option to recall payments and the handling of funds in a Plooto account have been points of contention among users.

### Accounts Management
Users generally praise Plooto's efficiency in managing accounts payable and receivables. The platform's ability to streamline payment processes and provide a centralized view of accounts payable has been highlighted as a key strength. While some users have expressed minor concerns about the time it takes to process payments and the need for improvements in cross-border receivables, overall, Plooto is recognized for its user-friendly interface and effective accounts management features.

### Vendor Management
Users appreciate Plooto's streamlined approach to paying vendors, noting that it simplifies the process and ensures timely payments. The platform's ability to handle multiple payments to a single vendor efficiently has been highlighted as a key advantage. However, some users have expressed concerns about limited cross-border receivables and the need for better communication regarding payment options for different vendors. Despite these minor drawbacks, Plooto's vendor management functionality is generally well-received for its ease of use and effectiveness in facilitating vendor payments.

### Software Integration
Users consistently praise Plooto for its seamless integration with popular accounting software like QuickBooks and Xero. The ability to sync invoices, transactions, and payment data effortlessly has been a standout feature for many users. The convenience of having all financial information centralized and synchronized across platforms has greatly streamlined their payment processes. Additionally, the ease of setting up new payees and the reliability of the integration have garnered positive feedback from users.

### Customer Service and Support
While some users appreciate the ease of making payments and the invoicing features provided by Plooto, there are concerns raised about the time it takes to process payments and the responsiveness of customer service. Several reviewers have highlighted instances of delayed responses, lack of clarity, and dissatisfaction with the level of support received. Despite the positive aspects of the platform, the general consensus leans towards the need for improvement in Plooto's customer service and support capabilities to enhance overall user experience.

### Invoice Handling
Users appreciate Plooto's streamlined approach to handling invoices and paying bills, citing its ease of use and time-saving features. The platform's ability to store payment details, manage multiple signing authorities, and consolidate invoices in one central location has garnered positive feedback. Some users have mentioned minor challenges, such as difficulties in dealing with credits, but overall, Plooto's invoice handling capabilities seem to be well-received by its user base.

### Financial Reconciliation
While some users appreciate Plooto's ease of use and efficient Accounts Payable management, others find the reconciliation process challenging and lacking clarity. The platform's integration with accounting systems like Xero and QuickBooks is praised for streamlining data entry and synchronization, yet issues with account balances visibility and multi-currency transactions pose hurdles for some users. Despite its strengths in payment workflows and real-time tracking, opinions on Plooto's financial reconciliation functionality remain varied, with some users highlighting the need for improvements in simplifying the reconciliation process.

Users commonly recommend Plooto for its ease of use and reliability. They suggest integrating Plooto with other software to enhance its capabilities. Additionally, users highly recommend Plooto for startups and as a convenient mode of payment that saves time. Many users also suggest considering alternatives to Plooto before making a decision, in order to evaluate all available options thoroughly. This ensures that the best choice is made for the business needs, resulting in improved efficiency and streamlined operations.

Excellent Payment Organization Tool: Users consistently praise Plooto as an exceptional tool for organizing payments and ensuring accuracy. Multiple reviewers have expressed their appreciation for the feature that allows payment details to be reviewed and verified by multiple people before transmission, providing an added layer of security.

Convenient Centralized Storage of Payment Details: Plooto's ability to store pdf invoices, multiple signing authorities, and payment details in a centralized location has been highly valued by users. This convenient feature significantly reduces payment processing time and effort. Users have reported transitioning from manually cutting over 50 cheques to completely electronic payment methods, saving them valuable time and resources. Additionally, the transparency provided by Plooto on payment statuses is greatly appreciated.

Integration with Popular Accounting Software: Many users consider the seamless integration of Plooto with accounting software such as QuickBooks and Xero to be a crucial feature. They find it much easier to manage outstanding payments and eliminate manual data entry by syncing bills and invoices with these widely-used accounting systems.

Plooto, a payment management software, has proven to be a cost-effective choice for users when it comes to paying bills and sending wire transfers to multiple contacts. Users appreciate the ability to easily and securely access the software without giving direct bank access to others. With a fully customizable approval process, managing payments becomes more efficient. Integration with accounting software saves time when marking bills as paid, while easy tracking of payments and the ability to make direct deposits and e-transfers are highly valued by users. The software also offers various options for accounts payable, including customizable approval tiers and easy payment transfer. It automates processes, allowing for scalable workflows, approvals management, and automatic reconciliation. Users find it helpful for making payments to single or multiple vendors, saving time with filters. Additionally, Plooto provides a safe and secure platform for making payments, ensuring hassle-free transactions with its payment recall function. The software is particularly beneficial for accountants who can assist clients with their payments more easily. Overall, users have had positive experiences with Plooto, appreciating its simplicity and the elimination of manual tasks like writing checks and mailing them out.

Some users have reported negative experiences with customer service and pricing changes, leading them to switch to alternative solutions. However, these cases do not represent the majority of user feedback. Plooto has become an essential tool for organizations with daily payment needs and has been highly satisfactory for users in streamlining payables and improving internal controls. It has also played a crucial role in facilitating the transition from office to remote work during the pandemic by enabling online payments. Users value the responsive support team, reliability, ease of use, and fast transaction processing provided by Plooto.

BILL is an online service for SMBs which provides a central dashboard for managing Accounts Receivable, Accounts Payable, and cash flow management. It syncs with all major accounting systems like QuickBooks, Sage, Intaact, and NetSuite.

Essentials

Team

Corporate

Webexpenses

Plooto

Accounts Payable

Plooto Software Demo Review

Likelihood to Recommend

Plooto Inc.

Making and Collecting Payments with Plooto

Make and Collect Payments with Plooto

Setting up your account with Plooto is as easy as 1, 2, 3!

Plooto is an all-in-one payment platform that provides greater financial control and simplicity by unifying payments, approvals, reconciliation, and reporting.

Get Started | https://www.plooto.com/signup
About Plooto | https://www.plooto.com/

#Plooto Mission Control for Accounts Payable and Receivable

Features found in accounts payable software products

Automated Accounts Payable Processes

Accounts payable processes are automated based on pre-determined workflows.

Vendor Management

Holds information related to vendor terms and contracts.

Tax Form Preparation

Allows users to create and share tax forms within the platform.

Payment Management

Features that allow for the management of payments across various forms of finance/accounting software.

Customizable Approval Policies

Policies for different types of approvals can be customized, sent to multiple approvers, automatically approved, etc.

Financial Document Management

Invoices, expense reports, and associated documents are stored within the platform for any future needs.

Payment Status Tracking

Tracks what stage payments are at in the process, from approval to receipt.

Payment Audit Trail

Allows admin users visibility into the entire payment process, from receiving the expense claim or invoice to the payee receiving payment.

Duplicate Bill Detection

Detects duplicate invoices or expense reports to prevent double payments.

Advanced OCR

Automatically imports information from invoices, receipts, expense reports, and other 
scanned documents into the platform.

Electronic Funds Transfer

Funds can be transferred via EFT as opposed to paper checks.

PCI Compliant Security Measures

Banking and finance information is protected according to Privacy Shield and GDPR standards.

Gusto

PayPal Payments Pro

Owner

Plooto 2021-09-07 15:23:54

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Accounts Payable Software

I use Plooto for receiving payments from my clients every month. The service is fast and easy and (most important) automatic. Once my client sets up and confirms a pre authorized debit agreement, client payment transactions happen automatically and the proceeds are deposited directly to my business checking account, usually within 5-7 business days.

Pre authorized debit agreement
Fair pricing
Scheduling receivables

Pre authorized debit agreement
Payment scheduling
Flat rate pricing

I don't need to worry about collections
I can make adjustments at any time
The service is priced fairly

Plooto

Overview

What is Plooto?