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Plooto launches enhanced all-in-one payment automation solution

Tuesday 16 January 2024 10:05 CET | News

Plooto has launched a payment orchestration offering support to the complex workflows and security requirements of scaling businesses. 

Per the official announcement, with this launch, Plooto brings to market the first solution in Canada to address these unique cash management challenges faced by midsize enterprises. According to the company, this offering is priced at a competitive rate as organisations often cite cost as a barrier to the adoption of cash management solutions. As the volume and complexity of operations increase, businesses would be able to trust Plooto to scale their needs without straining their resources.

Plooto has launched a payment orchestration offering support to the complex workflows and security requirements of scaling businesses.

Coupling end-to-end payment automation with security controls and seamless connection to enterprise resource planning (ERP) solutions, Plooto is now aiming to help more businesses scale efficiently within their ecosystem. 

As businesses expand in size and operational intricacy, the potential for fraud and human error increases. Consequently, businesses adopt stricter security measures and control policies to safeguard the reliability and security of cash flow management. This places added responsibilities on finance teams, requiring them to invest time, effort, and resources in upgrading or developing in-house solutions. 

Similar challenges extend to accounting and bookkeeping firms, as their robust compliance processes and corresponding reputation are critical drivers of growth. The ability to retain and grow client accounts relies not just on strong relationships but also on adherence to compliance standards, particularly in the realm of financial data protection. 

New capabilities of the all-in-one payment automation solution: 

  • Dual Controls: limits human error and protects against fraud through comprehensive approvals on changes to sensitive financial information 

  • Single Sign-On: enterprise-level safeguards that enable security personnel to manage both user access to sensitive data and removal from a centralized hub as teams scale 

  • Integration with Oracle Netsuite: two-way sync automates reconciliation protecting against costly human error, reducing billable hours, and helping finance teams save time

About Plooto 

Based in Canada, Plooto partners with growing small-to-midsize businesses, with the aim to give them complete control over their cash management. The all-in-one payment automation platform automates all payable and receivable workflows, offers extensive payment capabilities, and seamless integration with accounting software to automatically reconcile invoices. Plooto serves over 10,000 North American businesses and integrates with top accounting software platforms Quickbooks, Xero, and NetSuite. 

Source: Link


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Keywords: product upgrade, cash management, payments , SMEs
Categories: Payments & Commerce
Companies: Plooto
Countries: North America
This article is part of category

Payments & Commerce

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Plooto

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