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Ottimate description
Ottimate (formerly Plate IQ) uses AI to automate the invoice process for businesses. It extracts data from invoices, regardless of format, and matches it to your accounting system. Ottimate learns your approval workflows, flags discrepancies, and can even uncover opportunities to save money with early payment discounts. This frees up your finance team to focus on more strategic tasks.
Who is Ottimate best for
Ottimate (formerly Plate IQ) uses AI to automate invoice processing, saving businesses time and money. It extracts data, matches it to accounting systems, learns workflows, flags discrepancies, and identifies early payment discounts. Users praise the easy invoice upload and integration with accounting software, but some report occasional data errors and slow check processing.
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Best fit for small to medium-sized businesses.
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Ideal for restaurants, hospitality, and retail businesses.
Ottimate features
| Supported Ottimate automates data extraction from invoices using AI and integrates with accounting systems. |
| Supported Ottimate automates, enhances, and optimizes payment processing, minimizing errors and accelerating access to funds. |
| Supported Ottimate supports automated invoice approval workflows, including custom routing and real-time tracking. |
| Supported Ottimate automates invoice processing, approvals, and payments, reducing manual work. |
| Supported Ottimate supports spend and expense management with features like corporate cards and spend visibility. |
| Supported Ottimate offers real-time invoice processing tracking and reporting. |
We evaluate the sentiment that users express about non-functional aspects of the software
Ease of Use
Reliability and Performance
Ease of Implementation
Ottimate reviews
We've summarised 166 Ottimate reviews (Ottimate Software Advice reviews, Ottimate GetApp reviews, Ottimate Capterra reviews and Ottimate G2 reviews) and summarised the main points below.
- Easy and user-friendly invoice upload process, especially through mobile app.
- Automated invoice processing and data extraction, saving time and effort.
- Seamless integration with accounting software like QuickBooks and Netsuite.
- Real-time access to invoices and statements for improved tracking and analysis.
- Helpful features like duplicate invoice alerts, price discrepancy notifications, and internal communication tools.
- Invoice and statement data is sometimes read incorrectly, leading to errors.
- Duplicate invoices are not always caught, resulting in double payments.
- Difficulty managing invoices and statements for multiple locations.
- Slow check processing times and occasional lost checks.
- Inconsistent invoice processing with some items requiring manual correction despite prior categorization.
Ottimate pricing
The commentary is based on 11 reviews from Ottimate Capterra reviews, Ottimate G2 reviews and Ottimate GetApp reviews.
Ottimate users generally find its pricing reasonable and competitive, especially considering the time savings and efficiency gains it offers. Some smaller businesses, however, find it expensive. There are also some concerns regarding contract terms and auto-renewal policies.
Users sentiment
Ottimate alternatives
QuackBetter for sales teams needing a power dialer. Geared towards smaller businesses and integrates with sales tools like Outreach. Has more momentum than Ottimate. Focuses on sales efficiency rather than invoice automation. A strong Ottimate competitor for sales-focused organizations.Read more
Vic.aiHas broader industry application. It's growing faster than Ottimate in terms of web traffic and employee growth. Users highlight its superior AI for invoice processing and excellent customer support.Read more
CoupaBetter suited for larger enterprises and a wider range of industries. It has broader spend management features beyond invoice processing. Coupa is growing faster, has higher ratings, and offers more customization. However, some users find the interface less user-friendly. A strong Coupa alternative for those prioritizing AP automation.Read more
XeroBetter for small to medium businesses needing general accounting features. Broader industry applicability. More positive user reviews, but some dislike recent price increases and invoicing changes. Xero is a strong QuickBooks and FreshBooks competitor.Read more
PayhawkBetter for larger companies needing expense management, cards, and global transactions. Stronger customer service and easier to use. A Payhawk alternative for those focused on invoice automation and the hospitality industry.Read more
Glean.aiBetter for mid-sized companies in the US. Focused on spend analysis and vendor management. Excellent customer support.Read more
Ottimate FAQ
What is Ottimate and what does Ottimate do?
Ottimate (formerly Plate IQ) is an AI-powered invoice automation solution. It extracts invoice data, automates approvals, matches payments, flags discrepancies, and integrates with accounting systems. This helps businesses save time, reduce errors, and improve financial efficiency.
How does Ottimate integrate with other tools?
Ottimate integrates with accounting systems, enabling automated data extraction from invoices and streamlined payment processing. It supports automated invoice approval workflows and offers real-time tracking and reporting. This seamless integration reduces manual work and improves efficiency.
What the main competitors of Ottimate?
Top alternatives to Ottimate include Coupa, Vic.ai, and BILL AP/AR. Coupa offers comprehensive spend management, while Vic.ai focuses on AI-powered invoice processing. BILL AP/AR streamlines financial operations for small and medium-sized businesses. Other competitors include SAP Concur, DOKKA and BigTime.
Is Ottimate legit?
Ottimate is a legitimate AI-powered invoice processing software. User reviews highlight its ease of use and time-saving automation. However, some users have reported occasional data extraction errors and difficulties with multi-location invoices. Consider these points when evaluating if Ottimate is safe and right for your business.
How much does Ottimate cost?
I couldn't find pricing details for Ottimate. For the most current pricing information, it's best to visit Ottimate's website or contact their sales team directly. This will ensure you have the most up-to-date details about product costs.
Is Ottimate customer service good?
Ottimate's customer service receives mixed reviews. While some users praise the helpful and responsive support team, others express frustration with slow response times and difficulty resolving issues. Some users also mention inconsistent invoice processing requiring manual correction.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.