Noah Maislin was known by friends and family for his entrepreneurial spirit. In 2014, he founded Minutes Solutions — a business that provides professional minute taking services to associations, non-profit organizations, and public companies.
The company employs over 150 contractors as minute-takers and editors for its clients, which range from small private businesses to public companies.
Not a minute to spare
With so many contract workers on board, paying the staff was far from simple.
They originally paid these contractors through email money transfers before moving to direct deposit. The company tried some alternate payment automation tools but found them clunky and unintuitive. Because these platforms were not cloud-based, it would take the company a whole week to do contractor payroll.
Knowing there had to be an easier way to improve reconciliation and tracking, the company brought in experts to update its technology stack. That’s when their accounting partner recommended Plooto.
Time back for your business
Since signing up with Plooto, the business has consolidated what was a week-long payment process into a single day to pay all of its contractors.
“Plooto has made my life super easy: It automatically deposits payments into contractor bank accounts, lets me easily bulk-approve payments online, and saves me a lot of time,” Noah said.
Now the company maintains a complete view of where its payments are at any moment. This additional visibility — combined with time savings — have helped Noah focus on expanding the company’s services into the U.S.
“Plooto syncs with our accounting software, which gives us real-time financial reporting that helps us manage our cash flow better,” he said. “Keeping checks and balances has become easy, and I have a holistic view of the company’s finances. I can get a quick view of who’s getting paid what, when the money will arrive, and if there are any issues I need to sort out.”
Not only does Noah have better ability to work on the business, but he has the freedom to step away from the business. Plooto’s cloud-based platform enables Minutes Solutions to establish approval rules so Noah can delegate or approve payments remotely. This flexibility has also allowed Noah to focus on the other parts of his life and his business.
“Before Plooto, I was scheduling my vacations and work trips around payment cycles because I needed to be close to my computer to make approvals,” he said. “Now I can bulk approve payments online with just two clicks, which gives me more freedom to take time away.”
