Best Plooto Alternatives for Canadian Businesses in 2025

Waiting 3-5 business days for vendor payments to clear creates serious cash flow challenges for Canadian businesses. When suppliers expect prompt payment but your AP platform takes nearly a week to process transactions, you risk damaging critical vendor relationships and missing early payment discounts.

Modern payment automation platforms now offer same-day or next-day processing, integrated multi-currency accounts, and corporate cards that eliminate the need for multiple financial tools. The best Plooto alternatives combine accounts payable automation with comprehensive banking features, helping Canadian businesses consolidate their financial operations while dramatically reducing payment processing times.

This guide examines the top alternatives to Plooto, comparing their features, pricing, and capabilities. You'll discover which platforms offer the fastest payment processing, lowest foreign exchange rates, and most complete integration with Canadian accounting systems.

What Is Plooto?

Plooto is a Canadian accounts payable and receivable automation platform designed to help businesses manage vendor payments and customer invoicing. The platform connects with QuickBooks and Xero to automate bill payments, invoice management, and basic approval workflows.

The service focuses primarily on AP/AR automation rather than comprehensive financial management. While Plooto simplifies payment workflows, its 3-5 business day processing time has become a significant limitation for businesses needing faster vendor payments.

Why Canadian Businesses Look for Plooto Alternatives

The primary driver pushing businesses to seek Plooto alternatives is slow payment processing. When vendor payments take 3-5 business days to clear, businesses face cash flow timing issues, strained supplier relationships, and missed opportunities for early payment discounts.

Beyond processing speed, Plooto's narrow feature set creates operational inefficiencies. The platform handles only AP/AR automation, forcing businesses to maintain separate solutions for banking, corporate cards, expense management, and international payments. This fragmentation increases administrative overhead and complicates financial reconciliation.

Pricing structure presents another challenge. Plooto's per-user model becomes expensive as teams grow, particularly for businesses adding temporary staff or scaling operations. Companies often find themselves paying for features across multiple platforms when a consolidated solution would cost less.

Limited multi-currency capabilities restrict growth for businesses operating internationally. Without local foreign currency accounts or competitive FX rates, companies face high conversion costs and complex payment routing when dealing with international suppliers or customers.

Top Plooto Alternatives for Canadian Businesses

The following platforms offer various approaches to payment automation, from comprehensive financial platforms that replace multiple tools to specialized AP solutions with advanced workflow features.

1. Venn – All-in-One Financial Platform with Built-in AP Automation

Best for: Canadian businesses seeking to replace multiple financial tools with one integrated platform that combines payment automation, multi-currency accounts, corporate cards, and accounting sync.

Venn stands apart as the only platform combining true Canadian and US banking infrastructure with built-in AP automation. Rather than adding payment features to existing software, Venn provides real local accounts that process same-day and next-day payments through native banking rails.

This integrated approach eliminates the traditional separation between payment software and business banking. You can send ACH, EFT, and Interac e-Transfers® directly from your accounts while maintaining automated workflows and approval processes. The platform replaces Plooto, your business bank, corporate card provider, and expense management tool with one unified solution.

Key Features:

• Real Canadian and US accounts with local payment rails

• Same-day and next-day payment processing

• Free unlimited Interac e-Transfers®

• $0-2 ACH/EFT costs depending on plan

• $6-10 global wires (cheaper than banks)

• Automated AP/AR with QuickBooks and Xero two-way sync

• Create payment recipients without requiring invoices

• 1% unlimited cashback on all corporate card spend

• Multi-currency card that automatically uses the currency you're paying in

• 0.25%-0.45% FX rates (lowest in Canada)

• Local CAD, USD, GBP, and EUR accounts included

• Transfer to 180 countries in 36+ currencies

• OCR receipt capture and invoice matching

• 2% interest on CAD/USD balances

• Per-account pricing, not per-user

Pricing: Transparent monthly pricing based on features needed.

Why Venn Beats Plooto: Same-day payment processing solves Plooto's biggest limitation while integrated banking eliminates monthly fees across multiple platforms. The combination of 1% cashback cards, 2% interest on balances, and the lowest FX rates in Canada creates significant cost savings beyond just AP automation.

2. Bill.com – Enterprise-Grade AP Automation

Best for: Larger Canadian businesses with complex approval workflows and high transaction volumes.

Bill.com has established itself as a robust AP automation platform focused on enterprise-level workflow management. The platform excels at handling complex organizational structures with multi-level approvals, detailed audit trails, and sophisticated routing rules.

For companies managing hundreds of vendors with intricate approval hierarchies, Bill.com provides the workflow depth many enterprises require. However, this specialization means businesses still need separate banking, corporate cards, and expense management solutions.

Key Features:

• Advanced approval workflows and routing

• Vendor management and 1099 tracking

• QuickBooks and Xero integration

• International payment support

• Document management and audit trails

Considerations: Higher pricing tier with per-user costs that scale quickly. Requires maintaining separate banking relationships and card programs, increasing total cost of ownership.

3. Tipalti – Global Payment Automation for Scaling Companies

Best for: Mid-market and enterprise companies managing high volumes of international vendor payments.

Tipalti specializes in mass payment processing for companies paying hundreds or thousands of vendors globally. The platform automates tax compliance, vendor onboarding, and payment method selection across multiple countries and currencies.

Built for scale, Tipalti handles complex requirements like multi-entity support and global tax withholding. This comprehensive approach to international payments makes it valuable for marketplace businesses or companies with extensive global supplier networks.

Key Features:

• Mass payment capabilities

• Global tax compliance management

• Multi-entity support

• Vendor onboarding and validation

• Payment method flexibility (ACH, wire, PayPal, etc.)

Considerations: Enterprise pricing and implementation complexity make it unsuitable for small businesses. Minimum volume requirements often exclude companies processing fewer than 1,000 monthly payments.

4. Melio – Simple Bill Payment for Small Businesses

Best for: Very small businesses and sole proprietors needing basic bill payment functionality.

Melio takes a simplified approach to accounts payable, focusing on ease of use over advanced features. The platform allows businesses to pay vendors via ACH for free or use credit cards for a fee, making it accessible for cash-flow conscious small businesses.

The straightforward interface and free ACH payments appeal to businesses with basic needs. However, limited functionality means growing companies quickly outgrow Melio's capabilities.

Key Features:

• Free ACH payments

• Pay vendors via check or card

• QuickBooks and Xero sync

• Simple vendor management

• Mobile app

Considerations: Transaction fees for card payments add up quickly. No multi-currency support or advanced workflow features limit usefulness for growing businesses.

5. AvidXchange – Mid-Market AP Automation

Best for: Mid-sized businesses in specific industries (real estate, construction, hospitality) with established AP processes.

AvidXchange provides industry-specific AP automation with deep ERP integrations. The platform focuses on digitizing paper-based invoice processes with automated capture, data extraction, and approval routing.

Strong integration with mid-market ERPs like NetSuite and Sage makes AvidXchange valuable for companies already using these systems. Industry-specific features address unique requirements in construction, real estate, and hospitality.

Key Features:

• Automated invoice capture and data extraction

• ERP integrations (NetSuite, Sage, etc.)

• Payment execution and reconciliation

• Vendor portal

• Audit and compliance tools

Considerations: Higher pricing and longer implementation timelines reflect mid-market focus. Requires significant setup investment and process change management.

6. Corpay (formerly FLEETCOR) – Payment Solutions with AP Features

Best for: Companies already using Corpay for fuel cards or other payment services seeking to consolidate AP functions.

Corpay expanded from fleet payment solutions into broader AP automation, offering payment processing alongside their existing card programs. This creates value for current Corpay customers looking to consolidate vendors.

The platform handles cross-border payments and virtual card issuance but lacks the depth of purpose-built AP platforms. Integration with existing Corpay services provides convenience for current customers.

Key Features:

• Cross-border payment processing

• Virtual card payments

• Expense management

• Integration with existing Corpay services

• Multi-currency support

Considerations: Fragmented platform experience reflects acquisition-driven growth. AP features remain less robust than specialized solutions.

Feature Comparison: How Top Plooto Alternatives Stack Up

This comparison highlights core capabilities across the leading alternatives to help identify which platform best matches your business requirements.

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How to Choose the Right Plooto Alternative for Your Business

Selecting the right accounts payable automation platform depends on your business size, payment volume, international needs, and whether you prefer specialized tools or comprehensive financial platforms.

Consider whether maintaining multiple vendor relationships for banking, cards, and AP automation creates efficiency or adds complexity. Many businesses discover that consolidating these functions reduces administrative overhead while providing better visibility into cash flow.

Key Selection Criteria:

• Payment Speed Requirements: If vendor relationships depend on fast payments, prioritize platforms offering same-day or next-day processing

• Multi-Currency Needs: Businesses operating internationally need local accounts and low FX rates, not just currency conversion

• Integration Depth: Two-way accounting sync saves hours versus one-way data export

• Total Cost of Ownership: Consider whether per-user pricing scales with your team, and factor in costs of maintaining separate banking, cards, and AP tools

• Feature Completeness: Determine if you want an all-in-one platform or are willing to manage multiple vendor relationships

• Canadian-Specific Features: Ensure the platform supports Interac e-Transfers®, EFT payments, and Canadian tax/payroll requirements

• Scalability: Choose a platform that grows with your business without forcing a future migration

Why Venn Is the Best Plooto Alternative for Canadian Businesses

Venn eliminates the need for multiple financial tools by combining payment automation with real banking infrastructure, corporate cards, and expense management in one platform.

The platform provides real Canadian and US accounts, not just payment processing overlays. This enables you to send ACH, EFT, and Interac e-Transfers® at the lowest cost while processing payments same-day or next-day. Corporate cards with 1% unlimited cashback require no minimum spend, and the lowest FX rates in Canada (0.25%-0.45%) save thousands on international payments.

By replacing Plooto, your business bank, corporate card provider, and expense management system with one platform, you reduce vendor management overhead and monthly fees. Per-account pricing scales better than per-user models as your team grows, while two-way QuickBooks and Xero sync completely automates reconciliation.

Conclusion: Choose a Plooto Alternative That Grows with Your Business

Plooto's limitations around slow payments, narrow features, and per-user pricing drive Canadian businesses to seek more comprehensive alternatives. The best platforms offer faster payment processing, multi-currency support, and integrated financial operations that eliminate tool fragmentation.

For Canadian businesses, the choice comes down to specialized AP tools requiring separate banking solutions, or comprehensive platforms like Venn that consolidate everything. Venn uniquely combines payment automation with real banking infrastructure, corporate cards, and the lowest FX rates in Canada.

Discover how Venn can replace multiple financial tools while accelerating your payment processing. Get started at venn.ca.

Frequently Asked Questions About Plooto Alternatives

Q: What is the best alternative to Plooto for Canadian small businesses?

A: Venn is a leading alternative for Canadian SMBs because it combines payment automation with real Canadian and US accounts, corporate cards with 1% cashback, and competitive FX rates in Canada. Unlike Plooto, Venn often processes payments same-day or next-day and aims to eliminate the need for separate banking and card providers by offering an all-in-one financial solution.

Q: How long do payments take with Plooto alternatives?

A: Payment speed is a key differentiator. Plooto's standard processing time is typically 3-5 business days. Alternatives like Venn offer significantly faster processing, often providing same-day and next-day processing options. Other AP platforms like Tipalti and Bill.com usually take 1-3 business days.

Q: Do Plooto alternatives integrate with QuickBooks and Xero?

A: Yes, nearly all reputable Plooto alternatives are designed to integrate seamlessly with the leading accounting platforms, QuickBooks and Xero. Comprehensive platforms like Venn offer two-way sync, automating transaction imports, reconciliation, and categorization, which streamlines the month-end close. Switching from Plooto does not require changing your existing accounting software.

Q: Can I use Plooto alternatives for international payments?

A: Yes, and this is where alternatives often provide significant advantages. Platforms like Venn offer local CAD, USD, GBP, and EUR accounts with local payment rails and some of the lowest FX rates in Canada (typically between 0.25%-0.45%), allowing you to send payments globally. This is often much cheaper than the higher FX markups (which can be 2-3%) charged by many traditional banks or basic payment tools.

Q: Are Plooto alternatives more expensive?

A: Not necessarily, and the total cost is often lower when you consider the full feature set. Pricing depends on your usage and team size, but platforms like Venn use per-account pricing rather than per-user fees, which can be more cost-effective as teams grow. Since Venn can replace multiple tools (payment automation, banking, corporate cards, expense management), the combined cost is typically lower than paying for several separate solutions.
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**Disclaimer:** This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Venn Software Inc or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional. We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.