Accounts payable is a huge pain for many small businesses. You need to pay your vendors in full and on-time, but it’s a tedious task that’s ripe for human error — not to mention the ever-lingering worry of fraud.
Plooto alleviates many of these problems by letting you set up an unlimited number of approvers for payment approval. Plus, you can set different approval tiers based on the criteria you can choose.
Thanks to Plooto’s integrations (discussed later), your accounting software will always be up to date with payment information as well.
Plooto does well on the receivables side as well. You can add an unlimited number of vendors and customers to your system, making it easier to collect payments and monitor invoice statuses in one place.
Speaking of invoices, Plooto’s accounting software integrations let you pull invoices into Plooto automatically for monitoring. You can set up an automation to notify your customer of the invoice and send them instructions on paying it. Plooto then allows your customers to pay via credit card, direct debit, and other options.
Once again, the integration with your accounting software keeps your books updated.
Other features include payment status monitoring, pre-authorized debit agreement setup, and automatic account reconciliation.
Check Payments From Online
Do you pay by check? Plooto lets you do that too. After running a bill through the usual approval process, you can opt to cut and mail a check instead of paying online. Plooto handles it all for you instead of making you do it yourself.