Company Market Research Report: Pluto Technologies
Company Overview
Name: Pluto Technologies
Mission: To empower businesses in MENA (Middle East and North Africa) with seamless finance and expense management solutions.
Founded: October 2021
Founders: No information is available
Key People:
- Mohammed Ridwan, Co-Founder and COO
Headquarters:
- Gate District 4, Dubai International Financial Centre, Dubai, UAE
- 2261 Market Street STE 4675, San Francisco, CA 94114, USA
Number of Employees: No information is available
Revenue: No information is available
Known For:
Pluto is known for its innovative spend management platform that offers integrated solutions for corporate expenses, invoice management, petty cash management, and procurement and accounts payable automation. Trusted by the largest finance and procurement teams in MEA, Pluto ranks among the top 10 globally in enterprise and SMB expense management.
Products
Corporate Cards
- Description: Smart, virtual, and physical cards with automated budget controls, receipt policy enforcements, and compliance management.
- Key Features:
- Unlimited virtual and physical cards with budget controls
- Automatic sync with general ledger
- Real-time spend visibility and management
Invoice Management
- Description: A centralized place for all bills, approvals, and payments to improve vendor relationships and reduce duplicate payments.
- Key Features:
- One-click wire transfer for local or international payments
- Automated approval workflows and OCR technology for invoice capture
- Integrated with major ERPs for seamless reconciliation
Petty Cash Management
- Description: Digital management of petty cash to eliminate vouchers and cash leakages.
- Key Features:
- Budget-controlled cards for each employee/vendor
- Real-time cash on hand visibility and reporting
- OCR and WhatsApp integration for receipt capture
T&E Reimbursements
- Description: Easy submission and management of travel and expense reimbursements.
- Key Features:
- Automated receipt capture and multi-layer approval workflows
- Bulk reimbursement processing
- Compliance with company policies
Procure to Pay
- Description: Consolidates finance and procurement processes for seamless management from procurement to payment.
- Key Features:
- Management of purchase requests, orders, invoices, and matching
- Real-time financial reporting and auditability
Real-Time Insights
- Description: Provides comprehensive financial reporting and insights.
- Key Features:
- Weekly automated financial reports
- Full breakdown of reimbursements and transactions
- Support for various ERPs including Xero, Zoho, QuickBooks, Dynamics, and Netsuite
Recent Developments
Recent Developments:
- Milestone Achievements:
- Ranked number 1 in the procure-to-pay solutions category in the EMEA region and top 10 globally for enterprise and SMB expense management in G2 Summer 2024 reports.
New Products Launched:
- No information is available.
New Features Added:
- Real-time spend controls for corporate cards
- OCR technology for invoice and receipt management
Partnerships:
- Mastercard: Strategic partnership to enhance corporate spend management solutions.
- InterPay Limited (TransferMate Global Payments): Partnership for providing payment services in UAE.
Press Releases
- July 31, 2024: DFSA in-principle approval for payments services business.
- July 4, 2024: Ranked Top 10 globally and number 1 in EMEA for procure-to-pay solutions in G2 Rankings.
Conclusion
Pluto Technologies is a leading provider of comprehensive spend management solutions, tailored to meet the needs of modern finance teams in the MENA region. With cutting-edge products and a strong commitment to innovation and customer satisfaction, Pluto continues to push the boundaries in corporate financial management.