Chargify vs Plooto

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Our analysts compared Chargify vs Plooto based on data from our 400+ point analysis of Accounting Software, user reviews and our own crowdsourced data from our free software selection platform.

Chargify Software Tool
Plooto Software Tool

Product Basics

Chargify is a billing and revenue management system for B2B SaaS companies. Acquired by Scaleworks in 2016, it addresses the complexities associated with recurring bills. It combines the latest technology, extensive subscription expertise and customer service to work on the pain points of the subscription business. With an understanding of the challenges associated with billing and revenue management, it implements the right technology to resolve issues across company portfolios. It removes bottlenecks and empowers the team to launch products, sign up customers and manage the process.
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Plooto is an automated accounts payable and receivable software that helps its users collect one-time or recurring payments and pay the vendors on time. It can integrate with QuickBooks and Xero. Businesses can reduce AR and AP processes with robust modules like pre-authorized debit agreements, customizable approval workflows and more. It allows payment approvals from the designated person from anywhere. With it, users can eliminate data entry problems and keep a complete audit trail of all transactions.
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$299 Monthly
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$25 Monthly
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Tailored to your specific needs
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Mobile
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Mobile

Product Assistance

Documentation
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Live Online
Videos
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Email
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Knowledge Base
24/7 Live Support
Email
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24/7 Live Support

Product Insights

  • Improve Efficiency: Digitize every part of accounting, including subscription management, event-based billing, revenue recognition and retention and billing to prevent duplication, manual error and improve accuracy and efficiency. 
  • Accurate Billing: Gain the flexibility to charge, rate and invoice the way a business wants, whether through simple subscription payments or an event-based structure. 
  • Better Insights: Get real-time data to more accurately comprehend the revenue inflow, products and customer behavior. Provide a more complete understanding of the billing pattern and revenue cycle. Make a well-informed decision. 
  • Effective Onboarding: Get quick and assisted implementation with three levels of onboarding support — email, guided, and strategic. Finish the process without signing any contracts, sign-up or transaction fees. 
  • More Affordable: Leverage fixed monthly pricing structure and round-the-clock support provided by dedicated team members without giving up any revenue percentage. Run a subscription management system without any contract, transaction fee or sign-up cost. 
  • Greater Compliance: Ensure that every process is carried out correctly by keeping stringent tax laws and policies in mind. 
  • Flexible Payments: Manage several billing scenarios, including trial periods, setup charges, custom dates, annual or monthly cycles, extra fees for add-ons, by usage, by user, through invoice and automatic payments. 
  • Out-Of-The-Box Functionalities: Get started in minutes with public sign-up pages and a billing portal for consumer-facing subscription management. 
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  • Faster Payment Approval: Start approval processes immediately after account creation. Approve payments with a single click for one person or multiple people via the cloud. 
  • Seamless Money Transfer:: Send forms through emails to receiving parties to fill up their bank details and make payments after that. 
  • Automatic Invoice Reconciliation: Integrate with different accounting software. Mark payments as paid automatically after the transfer is complete. 
  • Flexible Payment Options: Provide various payment options. Clients can pay via credit cards or set up pre-authorized debits with an automatic withdrawal feature. 
  • Track Payments: Set up alerts for clients to notify about emails and get faster payments. Create reminders for nearly due or overdue payments. 
  • Network: Add vendors and suppliers quickly. Integrate business payments by credit cards, checks, e-transfers or ACH/EFT into a single platform. Gain real-time visibility into financial data and cash flows and reduce the overall cost. 
  • Security: Ensure the safety of sensitive bank details with its robust security feature. Offer comprehensive protection with the Automatic Clearing House and Electronic Funds Transfer Payment features. 
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  • Subscription Management: Eliminate the compounding management burden on the employees by providing a centralized interface to keep a tab on all the subscription activity. Empower the team with the tool to deliver better customer service, strengthen relationships and increase lifetime value. 
  • Revenue Retention: Prevent payment failure by sending the clients customized emails regarding the end of trial, renewal or credit card expiration. Implement a dunning strategy to communicate with past customers, monitor past-due account reporting and manage the cancellation process. 
  • Billing:
    • Offer Management: Turn the product into a custom catalog with Rapid offer builder, where the customer receives an offer with a unique price that changes over time. Use flexible and customizable pricing and test its elasticity without affecting existing offers. 
    • Event-based Billing: Create multi-dimensional billing models with real-time data streaming and analytics. Bill on value and stay ahead of the marketing trend. 
    • Billing Scenarios: Align pricing strategy by experimenting with different recurring models concerning how consumers use the product. Align monetization, both based and metered, with the way customers consume the data quantity. Maximize revenue growth by combining multiple billing models to create hybrid pricing. 
    • Payments: Connect with Stripe and leverage its automatic card updater feature. Integrate with leading payment gateways to scale payment solutions like Braintree, Forte, Square, BlueSnap and more. Work with various payment gateways and rest assured that the billing is compliant with all the tax laws. 
  • Data and Analytics:
    • Stream: Get pre-configured data infrastructure to power event-driven products. Identify problems in real-time and empower the customer success team to respond to the situation immediately. Build cutting-edge, event-driven products with Stream. 
    • Business Intelligence: Obtain real-time custom analytics with the self-service analytics tools. Use intuitive analytics tools which can help create actionable metrics with customizable dashboards. 
  • Revenue Recognition: Automatically calculate the revenue schedule by checking the billing frequency and transaction price. Ensure accuracy and compliance with the ASC 606 and IFRS 15. Provide the business with a deferred revenue report to help make an informed decision regarding converting it from liability to income. 
  • Integrations: Integrate with CRM, SFDC and other programs such as Avalara, Gmail, HubSpot, Mailchimp, Quickbooks, Slack, Salesforce, SMS by Zapier, Xero and Zendesk. 
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  • Accounts Receivable: Import invoices and minimize authorization time with pre-authorized debit and recurring payments. Track invoices and get information on client payments. Gain complete visibility into pending, completed and new receivables from one place. 
  • Accounts Payable: Automate AP processes and control spending, time and efficiency. Import bills from the accounting software. Get notifications for requesting and receiving approvals. Add vendors, suppliers and billers in two clicks. Automate, route and personalize payment approvals using custom rules. Avoid lost invoices, manual AP tasks and paperwork. Obtain early payment discounts and ensure better cash management. 
  • International Payment: Transfer money within the US, Canada and other countries to run an international business. Make cross-border and international payments with a $9.99 fee. Get competitive exchange rates and manage different payment types on a single platform. 
  • CRA Payments: Make remittances to the Canadian Revenue Agency anywhere and anytime in one click. Facilitate touch-less government transfers with electronic workflows. 
  • Online Check Payment: Ensure faster and safer AP automation through electronic methods and traditional checks. Enable users to set up online payments and manage printing and shipping procedures. Allow automatic reconciliation with physical checks. Provide a complete audit trail of payments. 
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Product Ranking

#132

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Accounting Software

#187

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Accounting Software

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User Sentiment Summary

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Great User Sentiment 442 reviews
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88%
of users recommend this product

Plooto has a 'great' User Satisfaction Rating of 88% when considering 442 user reviews from 2 recognized software review sites.

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4.35 (221)
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4.4 (221)

Synopsis of User Ratings and Reviews

Flexible Billing Options: Chargify accommodates various billing models, including subscriptions, one-time purchases, usage-based billing, and hybrid models, making it suitable for diverse business needs.
Automated Recurring Billing: Chargify automates recurring billing processes, reducing manual effort and ensuring timely payments. It handles proration, discounts, and taxes, streamlining the billing cycle.
Revenue Recognition: Chargify assists with revenue recognition by providing reports and tools that align with accounting standards. This helps businesses accurately track and report revenue, ensuring compliance and financial transparency.
Integrations: Chargify integrates with various payment gateways, accounting software, and other business tools, enabling seamless data flow and process automation. This reduces manual data entry and improves efficiency.
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Streamlined Accounts Payable: Plooto simplifies the entire bill payment process, from data entry and approvals to scheduling payments and syncing with accounting software.
Enhanced Accounts Receivable: Plooto enables businesses to get paid faster by offering convenient payment options to their customers, such as credit cards and ACH transfers.
Improved Cash Flow Management: Plooto provides real-time visibility into cash flow, allowing businesses to make informed decisions about their finances.
Reduced Manual Data Entry: Plooto automates many of the tasks associated with accounts payable and receivable, such as data entry and reconciliation, which can save businesses time and money.
Increased Security and Compliance: Plooto uses bank-level security measures to protect financial data, and it is compliant with industry regulations.
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Limited Accounting Software Integrations: While Chargify integrates with Xero and QuickBooks Online, it lacks direct integration with other popular accounting software, potentially requiring manual data exports and imports, which can be time-consuming and prone to errors.
Complex Revenue Recognition: Chargify's revenue recognition features may not be suitable for businesses with complex revenue recognition requirements, such as those with multi-year contracts or subscription upgrades/downgrades, potentially necessitating manual adjustments or workarounds.
Customization Challenges: Some users find Chargify's customization options to be limited, particularly for invoices and customer communications, which may not align with specific branding or workflow preferences.
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Limited International Payment Support: Plooto primarily focuses on the Canadian market, with limited support for international payments, which can be a significant drawback for businesses with global operations.
ACH Payment Processing Time: ACH payments through Plooto can take several business days to process, potentially causing delays in vendor payments and impacting cash flow management.
Customer Support Challenges: Some users have reported difficulties reaching Plooto's customer support, particularly during peak hours, leading to frustration and delays in resolving issues.
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Chargify helps businesses manage their recurring revenue and billing processes. Users appreciate its user-friendly interface and flexibility, making it a breeze to set up subscriptions, handle payments, and generate invoices. The platform's scalability is another plus, allowing it to grow alongside your business. Chargify also plays well with other popular business tools like Salesforce and QuickBooks, streamlining your workflow. However, Chargify isn't without its downsides. Some users find the price tag a bit steep, especially for smaller businesses or startups. Additionally, it lacks certain features like multi-currency support, which can be a dealbreaker for companies with international customers. While Chargify might not be the perfect fit for every business, it's a solid choice for those needing a reliable and scalable solution to manage their recurring revenue. Its ease of use and integration capabilities make it particularly well-suited for businesses that value efficiency and want to avoid the headaches of manual billing processes.

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Plooto has garnered significant attention for its ability to simplify the often complex world of business finances. Users frequently highlight its user-friendly interface and affordability as key strengths, making it a popular choice for small businesses seeking an efficient accounting solution. The software's comprehensive features, including automated invoicing, payment processing, and international transaction capabilities, further enhance its appeal. Plooto's seamless integration with popular accounting software like QuickBooks and Xero eliminates the need for manual data entry, saving time and reducing errors. However, some users have pointed out that Plooto's initial setup can be challenging, and occasional slowdowns can occur. Security concerns have also been raised, prompting Plooto to continuously improve its safety measures. While Plooto excels in streamlining payment processes and basic accounting tasks, businesses requiring more advanced accounting functionalities or those with stringent security requirements may need to explore alternative options. In conclusion, Plooto is an excellent fit for small to medium-sized businesses seeking an affordable and user-friendly solution to manage their accounts payable and receivable processes. Its automation capabilities and integration with existing accounting software can significantly improve efficiency and reduce manual workload. However, businesses with complex accounting needs or heightened security concerns should carefully evaluate whether Plooto fully meets their requirements before committing. Remember, the software landscape is constantly evolving, so it's always wise to check for the latest updates and reviews to make an informed decision.

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