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Ottimate Reviews & Product Details

Ottimate Overview

What is Ottimate?

Ottimate (formerly Plate IQ) is AP automation AI that provides a smarter way for AP managers, approvers, controllers, and CFOs to work through the entire invoice lifecycle. With mature deep learning capabilities, Ottimate gets to know your business and AP process down to the line-item, supporting a custom approval and payment workflow. Ottimate not only eliminates over 90% of the manual accounting process, but also provides insights into invoices and spend, helping finance professionals uncover opportunities for growth. This means more strategic business decisions for CFOs and a better day-to-day for the entire team. Don’t just automate AP. Ottimate it. Other software just digitizes the same painful, manual process. Ottimate is the AP automation AI that works with you and for you across the entire invoice lifecycle. AI That Understands Your Invoices Inconsistent formats. Unfamiliar abbreviations. Line item details. Ottimate can translate it all to your general ledger – so spot on you’ll say: “Wow, it actually knew what that invoice meant!” Ottimate’s Always Talking With Your ERP Never backfill your accounting or AP system again. With deep integration capabilities, detailed mapping, and source documentation links, Ottimate keeps everything up to date in both directions. AP That Pays You Back Paying bills won’t grow your bottom line – unless you Ottimate your payments. Boost cash flow by capitalizing on vendor-sponsored early payment discounts, eliminating unapproved invoice spend, and earning cash back with virtual cards. Workaround-Free Approvals Don’t settle to work any other way but yours. Ottimate instantly routes invoices through a custom approval workflow based on your line-item rules, no matter how complex. End-to-End AI for a Better Day-to-Day All companies have to do AP, but no single AP process is the same. Ottimate fits into your team’s unique dynamic – and works overtime so you don’t have to. Your AI-Powered Payment Partner Approve and schedule payments via check, ACH or virtual card – in a single click. While you’re at it, Ottimate will dig for discrepancies, monitor for missing invoices, and share real-time spend visibility, so you can make fast and informed decisions.

Ottimate Details
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Product Description

Ottimate (formerly Plate IQ) is AP automation AI that provides a smarter way for AP managers, approvers, controllers, and CFOs to work through the entire invoice lifecycle. With mature deep learning capabilities, Ottimate gets to know your business and AP process down to the line-item, supporting a custom approval and payment workflow. Ottimate not only eliminates over 90% of the manual accounting process, but also provides insights into invoices and spend, helping finance professionals uncover opportunities for growth. This means more strategic business decisions for CFOs and a better day-to-day for the entire team. Don’t just digitize AP. Ottimate it. Other software just digitizes the same painful, manual process. Ottimate is the AP automation AI that works with you and for you across the entire invoice lifecycle. AI That Understands Your Invoices Inconsistent formats. Unfamiliar abbreviations. Line item details. Ottimate can translate it all to your general ledger – so spot on you’ll say: “Wow, it actually knew what that invoice meant!” Ottimate’s Always Talking With Your ERP Never backfill your accounting or AP system again. With deep integration capabilities, detailed mapping, and source documentation links, Ottimate keeps everything up to date in both directions. AP That Pays You Back Paying bills won’t grow your bottom line – unless you Ottimate your payments. Boost cash flow by capitalizing on vendor-sponsored early payment discounts, eliminating unapproved invoice spend, and earning cash back with virtual cards. Workaround-Free Approvals Don’t settle to work any other way but yours. Ottimate instantly routes invoices through a custom approval workflow based on your line-item rules, no matter how complex. End-to-End AI for a Better Day-to-Day All companies have to do AP, but no single AP process is the same. Ottimate fits into your team’s unique dynamic – and works overtime so you don’t have to. Your AI-Powered Payment Partner Approve and schedule payments via check, ACH or virtual card – in a single click. While you’re at it, Ottimate will dig for discrepancies, monitor for missing invoices, and share real-time spend visibility, so you can make fast and informed decisions.


Seller Details
Seller
Plate IQ
Company Website
Year Founded
2014
HQ Location
San Francisco, US
Twitter
@ottimate_ap
609 Twitter followers
LinkedIn® Page
www.linkedin.com
218 employees on LinkedIn®
Description

Plate IQ specializes in streamlining the invoice processing and accounts payable workflows for the restaurant and hospitality industries. Their platform automates the capture and reconciliation of invoices, enabling businesses to enhance operational efficiency, reduce errors, and gain better visibility into their financial data. With a focus on improving financial management, Plate IQ supports establishments in managing their costs effectively while simplifying the overall invoicing process.


Anne Marie P.
AP
Overview Provided by:

Recent Ottimate Reviews

Daniela C.
DC
Daniela C.Small-Business (50 or fewer emp.)
4.0 out of 5
"Great for automated AP"
Great tool when working remotely. Invoice upload options are straightforward and user-friendly.
Verified User
A
Verified UserMid-Market (51-1000 emp.)
5.0 out of 5
"Flexible & scalable AP automation"
We've been using PlateIQ for a little over a year now and couldn't be happier with it. Onboarding new users is a breeze, making changes to the sys...
Pam B.
PB
Pam B.Small-Business (50 or fewer emp.)
5.0 out of 5
"PlateIQ - very user friendly"
We are able to see every line item detail of the invoice from the vendor. This helps us analize the exact products our teams are ordering and veryf...
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Ottimate Media

Ottimate Demo - Upload, Manage, Sync!
Streamline your invoice processing from upload to payment to export, and everything in between!
Ottimate Demo - Automatic GL Coding
Code an item once to your Chart of Accounts and we'll remember it forver!
Ottimate Demo - Customize Your Approval Policies
If a piece of information is on an invoice, we can make it a routing rule.
Ottimate Demo - Mobile and Remote Dashboard
View your invoices and personal tasks from anywhere
Ottimate Demo - Schedule Payments
Whether you're in the office or on vacation, schedule payments in advance and never miss another due date!
Ottimate Demo - Get Cash Back with vCard
Every payment made with our vCard program can get you up to 1% cashback!
Play Ottimate Video
Play Ottimate Video

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Video Reviews

117 Ottimate Reviews

4.6 out of 5
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117 Ottimate Reviews
4.6 out of 5
117 Ottimate Reviews
4.6 out of 5

Ottimate Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for OttimateQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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Pam B.
PB
Controller and Director of Human Resources
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
(Original )Information
What do you like best about Ottimate?

We are able to see every line item detail of the invoice from the vendor. This helps us analize the exact products our teams are ordering and veryfy pricing from the vendors. Review collected by and hosted on G2.com.

What do you dislike about Ottimate?

It would be nice if there was an activity report for our users. It would also be nice if we could close periods when financials are compelted instead of depending on the failed export. Review collected by and hosted on G2.com.

What problems is Ottimate solving and how is that benefiting you?

PlateIQ allows us to have approval on all invoices including those that we pay via ACH or with a credit card. The AI allows quicker processing of invoices by line item, so as long as we code the invocies correctly the first time, the system codes it the same way every time after that. The AI makes processing our invoices must faster for our A/P team. The reporting features allow us to review online items on the invoices to look for discrepancies in the way our vendors bill us. Review collected by and hosted on G2.com.

Keith P.
KP
Finance
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
(Original )Information
What do you like best about Ottimate?

We are on an archaic GL dating from the 90s. PIQ provides raw data dumps that I can manipulate to synch the systems.

The AI engine learns fast, making coding pretty easy.

Flexible payments (including the credit cards).

Analytics on the invoice side are strong; the AI does a good job sorting items within a vendor and tracking unit cost over time.

There is pretty solid feedback between virtual cards / ach and payment verification. Review collected by and hosted on G2.com.

What do you dislike about Ottimate?

1) Hard to get rid of bad vendor names.

2) difficult to deal with single-vendor / multiple accounts (they are addressing this)

3) Reporting in Spend Managment (credit cards) is still weak. It requires some work to get GL code tied to spend event tied to date. The data is in there, but without dynamic reporting, it is inaccessible.

4) They shift to Vcard payment of vendors without asking. This *really* annoys our vendors. The software is worth more than I pay, so I'd be happy to pay more if they cut that out. (they make a vig off of Vcard transactions...I'm sure their VCs insist on this). Review collected by and hosted on G2.com.

What problems is Ottimate solving and how is that benefiting you?

1) Fewer lost invoices.

2) Better cash planning.

3) easy multiple / remote approvals.

4) Empowers managers to code their own stuff.

5) Several X faster than manual input.

6) remote / cloud / mobile access.

7) Lets us update inventory valuation and costing on the fly. Review collected by and hosted on G2.com.

Roy C.
RC
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Ottimate?

1. Totally streamlines your Accounts Payables

2. Able to analyze reports generated via invoices processed through Plate IQ

3. All invoice records are in one place for future reference Review collected by and hosted on G2.com.

What do you dislike about Ottimate?

1. Invoices may take up to a day to be fully processed, so it might not be best for invoices that need to be paid immediately.

2. The one time set up can be confusing but you can work with Plate IQ to smoothe out the process. Review collected by and hosted on G2.com.

What problems is Ottimate solving and how is that benefiting you?

As a company that manages a dozen restaurants and dozens of vendors, we process hundred of invoices every day for different locations. Plate IQ allows us to keep track of all our invoices and synch with our accounting software automatically. Review collected by and hosted on G2.com.

Nicole  P.
NP
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Ottimate?

I like that it is very easy to use and navigate through. I like the dash board as it breaks down all of bills into different catagories. there are reports you can down load and view to track your spending. Review collected by and hosted on G2.com.

What do you dislike about Ottimate?

At this point I have not found anything that I dislike about plate IQ Review collected by and hosted on G2.com.

What problems is Ottimate solving and how is that benefiting you?

It really benefits me as I can upload my invoices into the system versus sending them in the mail to my accounting team. That way they do not have to wait for them to be delivered as they have been uploaded and they have immediate access and can pay the bills from there. Review collected by and hosted on G2.com.

Holly S.
HS
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Ottimate?

Plate IQ has made processing invoices so quick and efficient for my department. I love how easy it is to look up past invoices and items. I also love that it automatically highlights credits, making them easy to spot. Review collected by and hosted on G2.com.

What do you dislike about Ottimate?

I don't seem to be able to search by brand name, only item name. It would be really helpful to be able to filter by brand as well. It's also not always clear when a filter is applied to my search...the "filters on" button is very small and not obvious. It would be nice if it were bigger and/or more colorful. Review collected by and hosted on G2.com.

What problems is Ottimate solving and how is that benefiting you?

Plate IQ has increased accuracy in processing invoices and in our ability to refer to past invoices. It's great to have everything in one place. It also makes communication between the department and accounts payable easier, as we can leave notes directly in the software. Review collected by and hosted on G2.com.

RR
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Ottimate?

Plate IQ is a game changer from an AP efficiency standpoint. Between the scanning entry feature and ability to give vendors a unique emails address for invoice submissions, your data entry time for invoices decreases significantly in a measurable and material way. Review collected by and hosted on G2.com.

What do you dislike about Ottimate?

Currently the system doesnt differential between an invoice date and transaction date which is you have a prior period invoice you have to be mindful of. Being able to pull those two different date would help make the platform that much more efficient. Review collected by and hosted on G2.com.

What problems is Ottimate solving and how is that benefiting you?

Plate IQ drastic improves invoice data entry time in terms of man hours. Review collected by and hosted on G2.com.

Tim H.
TH
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Ottimate?

We appreciated that Plate IQ automated our invoice coding and they were generally a good company. Until we decided to leave..... Review collected by and hosted on G2.com.

What do you dislike about Ottimate?

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. Review collected by and hosted on G2.com.

What problems is Ottimate solving and how is that benefiting you?

Automating our food service invoice coding. Review collected by and hosted on G2.com.

Eddy J.
EJ
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Ottimate?

I make it very easy for me to submit my bills. They are available to be review and approve very fast.I like that it show the amount of the invoice that I'm paying when in approving them. Review collected by and hosted on G2.com.

What do you dislike about Ottimate?

I belive i will have to explore the site better. But i will like to be able to edit the invoice so i can take edit if I didnt get anything deliver in my invoice Review collected by and hosted on G2.com.

What problems is Ottimate solving and how is that benefiting you?

Organize and indentifyd what invoice im paying. Help to control how much money Im expending and control my food cost. Keep record of my invoices and also help by notifying me when my invoices are ready to be review and send. Review collected by and hosted on G2.com.

Verified User in Food & Beverages
AF
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Ottimate?

I like the ease of navigation on the website, how easy it is to submit my invoices via email or other sources and the ability to have multiple users on the one account. I also like that it tracks the individual items and monitors price changes. Review collected by and hosted on G2.com.

What do you dislike about Ottimate?

It takes a while for invoices to process. Usually, I submit them and have to wait til the next business day for them to finish processing. And they still get some of the invoices messed up, so I constantly have to monitor them and resubmit a couple each week to their support team. They could be better at reading off of the documents overall. I've used other programs like bill.com and they allow you to select the verbage off the page and place it in the column you need it to go in, if they don't match it correctly originally. I think I have to use support more than I would like to, as I wish some things would be easier to fix myself. Review collected by and hosted on G2.com.

What problems is Ottimate solving and how is that benefiting you?

It is quicker to process invoices. I don't have to hand key in everything anymore, and Plate IQ keeps the digital copy of the invoice as well, where I can search by line item and find the things I need for rebates and such. It has everything all in one place, and easily syncs with QuickBooks each day. Review collected by and hosted on G2.com.

Roxanne M.
RM
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Ottimate?

Excellent automated AP software. I do the accounting & AP for eight different restaurants using PlateIQ. We are set up so that the management team at the restaurant sends in & approves invoices. Accounting then reviews coding & gives final approval. After approval, the data is exported to our accounting software.

We now use Compeat, a proprietary restaurant industry accounting software. Last year we used QuickBooks. I think the sync with QuickBooks was more streamlined but Compeat was the better option for overall accounting.

We also use the PlateIQ vendor pay, which allows us to pay vendors with check, ACH or virtual card. Checks are printed & mailed by PlateIQ so I don't have to cut them in the office.

Their support & account management team is excellent. I always get a quick response to my emails & resolution to my problems. Review collected by and hosted on G2.com.

What do you dislike about Ottimate?

I have had trouble onboarding new locations. We were advised to make changes to the database that didn't work & had to be reverted. But they were very helpful & resolved our issues very quickly. Review collected by and hosted on G2.com.

What problems is Ottimate solving and how is that benefiting you?

I am able to process a large volume of AP using the automation & payment services. I really like that all AP history is available online in one location. I can research invoices, payments, or vendor questions quickly. Review collected by and hosted on G2.com.