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Ottimate

Ottimate

4.0 (50)
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What is Ottimate?

Revolutionize your accounts payable experience with Ottimate's cutting-edge AP automation solutions — designed with your entire AP workflow in mind. Ottimate works harder, so AP Managers can work smarter. Ottimate eliminates time-consuming, manual tasks, so you can capture, code, approve, and pay any invoice from anywhere — all in a single system. Our innovative automation software uses powerful AI and deep-learning capabilities to increase accuracy, boost productivity, and provide invaluable insights into your spend. We also offer additional features to elevate your end-to-end accounts payable experience, including limitless customizations to meet your unique needs, seamless integrations with your ERP or accounting software, payment automation so you can make payments on your terms, insights and reporting to help you make informed financial decisions, PO matching for greater efficiency, instant capture for faster invoice uploads, and more! Don’t just automate AP. Ottimate it.

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Easy to use workflow
Auto GL Coding
Advanced Approvals
Schedule payments remotely
Cash back with vCard

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How much is Ottimate?

Starting From:
$249 Per Month
Pricing Model: Usage Based
  • No free trial
  • No free version
Pricing Details (Provided by Vendor):
Contact Plate IQ for detailed pricing information.

Ottimate Features

What solutions does Ottimate provide?

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Ottimate Reviews

Showing 5 of 50 reviews
Overall
4.0
Ease of Use
4.1
Customer Service
4.0

Pros

  • I like that Ottimate makes taking care of AP tasks easy. The reports are easy to use and the approval process is seamless.

  • I liked how user-friendly it was to search for the things I was looking for. Invoices/receipts things like that that I have multiples of.

  • This has turned a=out to be a great decision. THe time saved entering invoices as well as the ability to stop duplcates is fantastic.

  • The setup and training are so easy, very user friendly. The time saved is also a great aspect to this software.

Cons

  • Length of time it takes checks to get to vendors and the amount of "lost" checks in the mail.

  • Very difficult to set up, never used it, still got charged for three business for a year contact. Charging me thousands of dollars with no value.

  • Invoice reading software makes multiple errors forcing you to reassign products on a daily basis. Even products that have been purchased on multiple occaisions.

  • All in all we spend as much time trying to fix Plate IQ's mistakes as we are saving with it's features.

Most Helpful Reviews for Ottimate

Brooke H.
Partner
Accounting, 1-10 employees
Used the software for: 1-2 years
Overall Rating
4.0
Ease of Use
5.0
Customer Service
5.0
Features
3.0
Value for Money
5.0
Likelihood to Recommend
10/10
Reviewer Source
Source: Capterra
March 7, 2024

"Outsourced CFO"

Pros: I like the amount of time it cuts down from hard keying invoices, signing checks and mailing checks.

Cons: Length of time it takes checks to get to vendors and the amount of "lost" checks in the mail.

Alternatives Considered: BILL Accounts Payable & Receivable
Reasons for Choosing Ottimate: Cost of Ottimate was lower than other vendors and the sales team response was super fast when it was critical for us to get something implemented.
Eric C.
Chief Accounting Officer
Hospitality, 1,001-5,000 employees
Used the software for: 6-12 months
Overall Rating
5.0
Ease of Use
5.0
Customer Service
5.0
Features
5.0
Value for Money
5.0
Likelihood to Recommend
10/10
Reviewer Source
Source: Capterra
March 15, 2024

"Big Time Saver"

Pros: Automated the invoice capture process, cut AP time significantly

Cons: Need to work on ability to capture additional data (i.e. utility usage) for other necessary analysis.

Switched From: DocuWare
Reasons for Switching to Ottimate: Create efficiencies in and automate the AP process
Timothy H. avatar
Timothy H.
President
Food & Beverages, 51-200 employees
Used the software for: 1-2 years
Overall Rating
1.0
Ease of Use
1.0
Customer Service
1.0
Features
1.0
Value for Money
1.0
Reviewer Source
Source: GetApp
January 12, 2023

"Beware!! Leaving this company will cost you"

Pros: We liked that it did what was advertised. Read our invoices and coded them thru AI technology.

Cons: After using the service for 14 months, we decided to leave since we were onboarding Margin Edge which is a much more robust analytics software for restaurants. Even though we had only signed a one year agreement, they are claiming that since we didn't cancel before the end of the one year term, that our contract auto-renews for another year. Also, if we'd like to leave now, they need us to buyout the ENTIRE rest of the year. Obviously the people at Plate IQ don't get it. NO ONE WANTS TO BE TIED TO A CONTRACT ANYMORE. Reputable software companies say, "if you're not satisfied with our service, you are welcome to leave without penalty". These archaic policies remind very much of the unscrupulous policies of the Merchant Service Providers we all know and love. Good Riddance Plate IQ! With policies like these, you won't be around long.

Deisha R.
Accountant
Food & Beverages, 501-1,000 employees
Used the software for: 1-2 years
Overall Rating
5.0
Ease of Use
5.0
Customer Service
5.0
Features
4.0
Value for Money
4.0
Likelihood to Recommend
9/10
Reviewer Source
Source: Capterra
December 7, 2021

"Great Product!"

Overall: Becoming a paperless AP team and with minimal date entry, the OCR really assists with this and allows us and the stores to focus on other things

Pros: I love how easy it is to upload and export invoices. The accuracy rate is very high and it makes the AP Process for us so easy and also saves us so much time.

Cons: I don't think there is a whole lot that PIQ is missing, the only thing I would recommend would be cleaning up the dashboard and maybe making it a little fresher

Alternatives Considered: xtraCHEF
Reasons for Choosing Ottimate: PIQ has better features, especially with the ability to pull from vendor websites and upload the invoices on its own.
Roy C.
Accounting and Administrative
Restaurants, 501-1,000 employees
Used the software for: 2+ years
Overall Rating
4.0
Ease of Use
4.0
Customer Service
5.0
Features
4.0
Value for Money
5.0
Likelihood to Recommend
7/10
Reviewer Source
Source: Capterra
March 12, 2024

"Using Ottimate every day for Invoice Processing"

Overall: Great! I use Ottimate everyday to process our invoices. As a retail restaurant business, we process hundreds of invoices on a weekly basis.

Pros: Previously, it used to take hours to input all the invoices manually. Ottimate processes all the invoices automatically and exports it directly to our accounting software directly.

Cons: No downside I can think of at this time.