Paymo Review: Features, Pricing, Services & Ratings
Original price was: $20.$5Current price is: $5.
Paymo is a project management software that helps individuals and businesses track time, manage tasks, and handle finances in a single platform. Its features include time tracking, invoicing, project management, team collaboration, resource planning, and reporting.With Paymo, users can streamline their workflows, improve productivity, and manage complex projects with ease.
What Is Paymo?
Paymo is a comprehensive project management and time-tracking software designed to help teams streamline their workflows and enhance productivity. It offers an array of features, including task management, resource allocation, invoicing, and financial tracking, all within a user-friendly interface. With tools for collaboration and real-time reporting, Paymo enables teams to monitor project progress and manage workloads effectively.
The platform supports both desktop and mobile applications, allowing users to track time and manage tasks on the go. Paymo is suitable for businesses of all sizes, making it a valuable asset for improving efficiency and accountability. Overall, it empowers teams to work smarter and achieve their project goals seamlessly.
Paymo Key Features
Paymo offers a diverse array of key features, each designed to meet specific needs and enhance project management efficiency. Below, you’ll find a detailed overview of these features, providing you with a comprehensive understanding of what Paymo has to offer.
- Task Management: Paymo’s task management system empowers users to efficiently organize their workflows, providing a personal workspace that displays individual tasks along with their due dates and priorities. The feature enables users to view all team tasks across various projects, grouped by criteria such as priority, due date, or project. This comprehensive overview allows for better workload distribution and task assignment, ensuring that everyone knows their responsibilities.
- Time Tracking: Paymo offers robust time tracking capabilities, allowing users to log work hours accurately. Whether tracking time manually through a built-in clock or using automatic tracking options, users can efficiently monitor their efforts across tasks and projects. The system supports various methods, including bulk time entries and mobile time tracking, making it easy for teams to stay on top of their hours worked.
- Planning & Scheduling: Paymo simplifies project planning with an array of scheduling tools, including Gantt charts that visually represent project timelines. Users can set milestones for critical project phases, create project templates for repetitive tasks, and duplicate existing projects for efficiency. These features facilitate proactive management, helping to keep projects on track and ensuring that deadlines are met.
- Resource Management: Efficient resource management features in Paymo allow teams to oversee availability, manage workloads, and track leave effectively. Users can visualize resource allocation on a calendar and view the workload and availability of each team member in real-time. The leave management system includes the ability to account for various leave types, ensuring that team schedules are optimized and conflicts are minimized.
- File Management: Paymo provides a centralized file management system where users can attach files directly to tasks or projects, making it easy to keep related documents organized. This feature also supports file proofing and versioning, allowing users to leave actionable feedback on design changes and track the evolution of project assets. The platform offers generous storage space, ensuring that teams have ample room for all necessary files.
- Financial Management: With powerful budgeting tools, Paymo enables users to set project budgets and measure financial outcomes against them. Expense tracking capabilities allow users to monitor project costs, and tag expenses for easier filtering. Additionally, financial indicators provide a snapshot of project health by comparing estimated versus actual budgets, helping teams make informed financial decisions.
- Client & Team Collaboration: Enhanced collaboration tools in Paymo facilitate real-time communication among team members, with features like activity streams that showcase recent project activities. Notifications ensure that users are kept up to date with important changes or new assignments. The platform also allows guest access for external stakeholders, enabling them to stay informed about project progress without compromising sensitive information.
- Customization: Paymo’s customizable interface allows users to tailor their experience to fit their specific needs. Users can modify their dashboard layout, menu display, and even language preferences, ensuring a personalized experience that enhances usability. This flexibility makes it easier for teams to adapt the platform to their unique workflows and preferences.
- Mobile Solutions: With native mobile apps for both Android and iOS, Paymo ensures that users can manage projects and track time on the go. These apps provide essential functionalities, including task management, time logging, and expense tracking, allowing team members to stay connected and productive, regardless of their location.
- Analytics & Reporting: Comprehensive reporting features provide deep insights into project performance, time allocation, and resource usage. Users can generate static and live reports, view user-specific reports on logged hours, and visualize data through pie and bar charts. The ability to export reports in various formats simplifies monthly and quarterly reviews, helping teams analyze their performance and make data-driven decisions.
- Invoicing & Online Payments: Paymo streamlines the invoicing process with features that allow users to create estimates and convert them into invoices with a single click. The platform supports multi-language invoices, recurring billing, and online payment options through various gateways. This flexibility enhances client convenience and ensures timely payments, contributing to better cash flow management.
- Profitability Tracking: Paymo provides tools for tracking profitability, allowing users to assess project costs, income, and profit margins. Teams can measure employee performance to identify potential inefficiencies and evaluate client profitability, helping businesses focus on their most lucrative partnerships. This comprehensive financial overview aids in strategic planning and resource allocation.
Pricing
Paymo Review: How Much Does Paymo Cost?
Annually
Here’s an overview of the pricing plans for Paymo and their features on an annual basis:
Free Plan:
The Free plan offered by Paymo is designed for personal use and is ideal for freelancers and solo entrepreneurs. It includes unlimited time tracking and invoicing capabilities, allowing users to accurately track their time and bill clients accordingly. The plan also includes basic project management tools such as projects, clients (limited to 3), and tasks (limited to 50). Users can create and organize their tasks into task views and generate static time reports to track their progress. The desktop and mobile apps make it easy to track time on the go, and guest access allows users to collaborate with clients or contractors. This plan is limited to one user only.
Starter Plan ($49.50/user/year):
The Starter plan in Paymo is priced at $49.50 per user per year, which is equivalent to $4.95 per user per month. It includes everything in the Free plan, such as unlimited time tracking and invoicing, projects, clients (limited to 3), tasks (limited to 50), task views, static time reports, desktop and mobile apps, and guest access. 
The Starter plan offers more features, including an increased limit of 6 clients and 300 tasks, project templates, unlimited estimates, and expenses, integrations, in-app tech support, and 25GB of storage. This plan is ideal for freelancers and small businesses that need a more robust set of tools to manage their projects and finances.
Small Office Plan ($99.50/user/year):
The Small Office plan includes everything in the Starter plan, such as unlimited clients, recurring tasks, and 25GB of storage. This plan offers unlimited tasks, a meta Kanban board, live time reports, active timers, proofing and versioning, and 50GB of storage. The Small Office plan is priced at $99.50 per user per year, which is equivalent to $9.95 per user per month.
Business Plan ($207.90/user/year):
The Business plan is the most comprehensive plan offered by Paymo and is designed for medium to large teams. It includes everything in the Small Office plan, such as unlimited clients, tasks, recurring tasks, meta Kanban board, live time reports, active timers, proofing and versioning, and 50GB storage. The Business plan offers free onboarding and training, employee scheduling and workload management, employee leave management, Gantt charts, portfolio Gantt chart, priority support, online remote assistance, and 500GB storage. With the Business plan, businesses can manage complex projects and teams with ease, while also having access to advanced features and top-notch support. The Business plan costs $207.90 per user per year, which is equivalent to $20.79 per user per month.
Monthly
Here’s a breakdown of Paymo’s pricing plans on a monthly basis:
Free Plan:
The Free plan offered by Paymo is perfect for individuals who work independently or as freelancers. It provides a basic set of project management tools, including unlimited time tracking and invoicing, projects, clients (limited to 3), and tasks (limited to 50). Users can create and organize their tasks into task views and generate static time reports to track their progress. The plan also includes desktop and mobile apps, making it easy to track time on-the-go. Guest access allows users to collaborate with clients or contractors. The Free plan is free of charge and limited to one user only.
Starter Plan ($5.95/user/month):
The Starter Plan from Paymo is a great choice for freelancers and small businesses who need a more comprehensive set of project management tools. Priced at $5.95 per user per month, this plan includes everything in the Free plan, such as unlimited time tracking and invoicing, projects, clients (limited to 3), and tasks (limited to 50). Users can access more features such as an increased limit of 6 clients and 300 tasks, project templates, and unlimited estimates and expenses. The plan also includes integrations with popular tools, such as Zapier, Google Drive, and Slack, to help streamline workflows. In-app tech support ensures that users have the help they need when they need it, and 25GB of storage provides ample space for storing files and documents.
Small Office Plan ($11.95/user/month):
The Small Office Plan offered by Paymo is designed for small teams and departments that require more advanced project management tools than what the Starter plan offers. This plan costs $11.95 per user per month and includes everything in the Starter plan, such as unlimited time tracking, invoicing, projects, clients (previously limited to 6), tasks (previously limited to 300), project templates, unlimited estimates and expenses, integrations, in-app tech support, and 25GB of storage.
Business Plan ($24.95/user/month):
The Business plan from Paymo is the most comprehensive plan and is designed for medium to large teams. It includes everything in the Small Office plan, such as unlimited clients, tasks, recurring tasks, meta Kanban board, live time reports, active timers, proofing and versioning, and 50GB storage. The Business plan offers free onboarding and training, employee scheduling and workload management, employee leave management, Gantt charts, portfolio Gantt chart, priority support, online remote assistance, and 500GB storage. With the Business plan, businesses can manage complex projects and teams with ease, while also having access to advanced features and top-notch support. The Business plan is priced at $24.95 per user per month, making it the most expensive plan offered by Paymo. This plan is ideal for businesses that require advanced project management features, such as Gantt charts and employee scheduling, as well as priority support and online remote assistance. The 500GB storage limit ensures that businesses have plenty of space to store their files and documents securely.
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