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Plate IQ

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117 reviews
  • 1 profiles
  • 4 categories
Average star rating
4.6
Serving customers since
2014
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Ottimate

117 reviews

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.

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Plate IQ Reviews

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90
21
3
0
3
LS
Liz S.
07/16/2020
Validated Reviewer
Verified Current User
Review source: Organic

Great software for streamlining restaurant AP processes

PlateIQ has been a game-changer for my restaurant focused accounting firm. Using the software has streamlined our remote services allowing for more time to analyze financial performance instead of spending time on manual data entry. Our clients just scan invoices and we take it from there using PlateIQ's automated platform to code and export invoices to our accounting software. We are also able to provide additional reporting to our clients via the software. Restaurant owners and managers love having the ability to have their purchase information at their fingertips, especially the hotlist function that highlighted item price changes.
SK
Scott K.
07/15/2020
Validated Reviewer
Review source: Organic

Positive Experience with PIQ

We have had mostly positive experiences with PIQ, it's a very self-explanatory, straight forward platform that has helped our AP process immensely.
SS
Spencer S.
07/10/2020
Validated Reviewer
Verified Current User
Review source: Organic

A great time saving bill pay software with a great team behind it

Plate IQ saves a ton of time when processing invoices. The system streamlines the process and they are constantly adding new features that continue to improve this product.

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HQ Location:
San Francisco, US

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@ottimate_ap

What is Plate IQ?

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.

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Year Founded
2014