Plooto

Plooto is a payment automation platform covering accounts payable and receivable, with domestic and international payments, multi-level approval workflows, and two-way reconciliation with accounting software.

How accounting firms use it

Firms managing AP on a client’s behalf use it to run payments without holding client banking credentials or making manual bank runs. The firm prepares payments, the client approves them, and the platform executes — a division that preserves separation of duties for clients too small to achieve it internally.

Reconciliation is the other saving. Because payment data syncs back to the ledger with matching applied, the bank reconciliation that normally follows a payment run is largely complete before anyone opens it.

Key features

Payments run by EFT, cheque, and international transfer, with approval chains configurable per client and per amount threshold. On the receivable side, pre-authorised debit collection lets clients pull payment from customers on agreed dates rather than waiting for remittance.

Canadian banking support covers EFT and CRA remittances under domestic rules, which is the platform’s distinguishing capability against US-focused competitors.

A firm-level dashboard covers payment activity across all client accounts, with role-based access so staff see only their assigned clients.

Who it’s best for

Firms managing accounts payable for multiple clients that need approval workflow and automatic reconciliation, particularly Canadian practices where domestic payment rails and CRA remittance matter.

US firms with clients needing complex multi-entity approvals or international vendor networks generally get more from BILL. Clients wanting the simplest possible move off cheques, without approval complexity, are usually better on Melio.