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Ottimate

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Ottimate 2026: Benefits, Features & Pricing

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On this page
  • Overview
  • Pricing and Plans
  • Features
  • Integrations
  • User Reviews

Overview

Ottimate
Ottimate
4.0
(57)

Pricing

Pricing available upon request

About Ottimate

Plate IQ’s end-to-end AP automation software utilizes advanced AI and machine learning to digitize invoices with line-item detail, automatically coding and routing them into a workflow that tracks and sends approved payments directly to your suppliers, in one platform - integrating directly with your ERP.

Gain security, visibility, and complete control throughout the entire AP process with robust coding, routing, and approval policies that can be configured by user, vendor, GL, dollar amount, and more. Your imagination is the only limitation to the complexity of your routing, approval, and payment process with Plate IQ.

Ottimate Screenshots

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Ottimate Pricing and Plans

Free Trial
Free Version

Essential

Pricing available upon request

Plan includes:

  • Instant Capture & Core
  • Header & Line Item Dimensions
  • Up to 3 Entities
  • Location & Entity Routing
  • Single Person Approval
  • Default Roles
  • Reporting
  • Unlimited Users
  • MFA

Enhanced

Pricing available upon request

Plan includes:

  • Up to 10 Entities
  • Instant Capture & Core
  • Unlimited Custom Dimensions
  • Location & Entity Routing
  • Multi-Level Approvals
  • Custom Roles
  • Enhanced Reporting
  • Unlimited Users
  • Success Support
  • MFA

Enterprise

Pricing available upon request

Plan includes:

  • Up to 100 Entities
  • Instant Capture & Core
  • Unlimited Custom Dimensions & Branching Dimensions
  • Location & Entity Routing, Group Routing & Custom Rules
  • Multi-Level Approvals
  • Custom Roles
  • Custom Reporting
  • Unlimited Users
  • Dedicated Customer Success Manager
  • SSO - SAML Enabled + MFA
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Ottimate Features

  • Popular features found in Accounts Payable
    ACH Payment Processing
    Audit Trail
    Compliance Management
    Document Management
    Duplicate Payment Alert
    ERP integration
    Expense Tracking
    Mobile Access
    Multi-Currency
    Process/Workflow Automation
  • More features of Ottimate
    Access Management
    Accounting
    Accounting Integration
    Activity Dashboard
    Activity Monitoring
    Aging Tracking
    Alerts/Notifications
    API
    Approval Process Control
    Approval Workflow
    Billing & Invoicing
    Cash Management
    Check Writing
    Customizable Reports
    Data Import/Export
    Data Security
    Electronic Funds Transfer
    Electronic Payments
    Financial Transaction Approval
    Fraud Detection
    General Ledger
    Inventory Management
    Invoice Processing
    Online Payments
    Payment Fraud Prevention
    Purchase Order Management
    Purchase Order Reconciliation
    Real-Time Analytics
    Real-Time Data
    Real-Time Reporting
    Real-Time Updates
    Recurring Payments
    Reporting/Analytics
    Reporting & Statistics
    Spend Analysis
    Supplier Management
    Third-Party Integrations
    Vendor Management
    Workflow Management

Ottimate Integrations

QuickBooks Online
QuickBooks Online
Sage Intacct
Sage Intacct
QuickBooks Online Advanced
QuickBooks Online Advanced
NetSuite
NetSuite
Xero
Xero
AccountEdge
AccountEdge

See all 9 integrations

Ottimate User Reviews

Overall Rating

4.0

Ratings Breakdown

5

49%

4

30%

3

5%

2

4%

1

12%

Secondary Ratings

Ease of Use

4.1

Value for money

4.0

Customer support

4.0

Functionality

3.9

EC

Eric C.

Verified reviewer

Hospitality

1001-5000 employees

Used daily for less than 12 months

Review source

Reviewed March 2024

Big Time Saver

5

Ratings Breakdown

5
Ease of use
5
Value for money
5
Customer support
5
Functionality
icon
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.

Reasons for switching to Ottimate

Create efficiencies in and automate the AP process

Read More

BH

Brooke H.

Verified reviewer

Accounting

2-10 employees

Used daily for less than 2 years

Review source

Reviewed March 2024

Outsourced CFO

4

Ratings Breakdown

5
Ease of use
5
Value for money
5
Customer support
3
Functionality
icon
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.

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.

Read More

AD

Anne Marie D.

Verified reviewer

Hospitality

51-200 employees

Used daily for less than 2 years

Review source

Reviewed December 2021

PlateIQ

3

I summarized some of this on the prior page. Overall customer support is weak due to a lack of training and timely responses. I assume due to lack of staffing. I am concerned with a focus on revenue management that will take away work on fixing current issues.

Ratings Breakdown

3
Ease of use
3
Value for money
2
Customer support
3
Functionality
icon
Pros:
Convenience and cloud based; integrated to accounting and inventory system, ACH, checks in system and vendor rebates
Cons:
Weak support, no PO system, vendor management is weak, approval policies are cumbersome,

Reasons for choosing Ottimate

Pricing and integration with Reciprofity

Read More

DR

Deisha R.

Verified reviewer

Food & Beverages

1001-5000 employees

Used daily for less than 2 years

Review source

Reviewed December 2021

Great Product!

5

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

Ratings Breakdown

5
Ease of use
4
Value for money
5
Customer support
4
Functionality
icon
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

Reasons for choosing Ottimate

PIQ has better features, especially with the ability to pull from vendor websites and upload the invoices on its own.

Read More

JH

Joe H.

Verified reviewer

Hospitality

51-200 employees

Used daily for less than 12 months

Review source

Reviewed December 2021

PlateIQ has been a game changer!

5

With our company growing and adding more hotels, having an online, centralized AP solution has been a game changer. Adding new hotels has been an easy process and getting the data into our accounting software has been a breeze.

Ratings Breakdown

5
Ease of use
5
Value for money
5
Customer support
5
Functionality
icon
Pros:
The best part of PlateIQ is having centralized access to all our company's invoices. A close second is having online approval capabilities.
Cons:
I feel like some of the reporting is a little lacking. I would love to be able to easily pull a GL account and see what all was spent in there but I don't believe that can be done very easily.

Reasons for choosing Ottimate

PlateIQ's ability to read individual invoice detail was what set it apart. No other solution does this.

Read More

JF

Jeremy F.

Verified reviewer

Restaurants

201-500 employees

Used daily for less than 12 months

Review source

Reviewed December 2019

The Design Choices In Plate IQ Prevent It's Features From Becoming Worthwhile

2

In a word? Bad. Plate IQ is very much a bait and switch operation. They promised one thing and ever since we started they have given excuse after excuse about why they aren't responsible for living up to the promises they gave us initially. Plate IQ will commonly state that things are working as intended because they often are. The problem is that the basic design of Plate IQ prevents it's features from offering any real benefit. As an example: After about 6 months on the platform we attempted to use their reporting functions to investigate what products we had purchased the most of. We immediately took notice of the fact that the report data could not be exported in any way and we were unable to filter it to look at quantity purchased instead of total cost. We settled for manually transcribing the data out of Plate IQ item-by-item and then building a report in Excel that could be manipulated better. We did this for our top 10 vendors and found that we had to spend hours adjusting the vendor names in Plate IQ as our purchases were split to multiple vendors. Once that was done we then found that our top 20 items for each vendor generally only showed data for 10-15 items as the system was using so many item duplicates. All in all we spend as much time trying to fix Plate IQ's mistakes as we are saving with it's features.

Ratings Breakdown

2
Ease of use
1
Value for money
1
Customer support
2
Functionality
icon
Pros:
That Plate IQ platform is able to handle multiple store locations as well as export to both QuickBooks and Chef Tec desktop software. The platform is also able to allow you to choose to map invoices using either items or directly to GL accounts as you wish.
Cons:
Plate IQ has some powerful features, but numerous basic design elements prevent those features from truly being useful. They boast of a powerful OCR system, but the truth is that the system only looks at data on an invoice until it has identified something from a previously created list of items that matches close enough. Their reps have referred to this as the "essence of the item" to me. The basic mantra seems to be that close enough is good enough. The OCR will often use variations of vendor names for different invoices and while you can "merge" the vendors together so that they all show up together when searching, they will all individually require separate item categorization. This also means that their reporting function will often only display part of your purchase data as the system will have split your invoices over multiple vendors with slight variations to their address. The system is supposed to allow you to save categorization for each item, but for the last two months there has been a bug in place that allows the system to automatically create a categorization for brand new items. Other times items that are used regularly will lose their categorization, thus creating a situation where a user must keep reviewing each and every invoice for accuracy.

Reasons for choosing Ottimate

xtraCHEF was unable to categorize invoices directly to GL accounts. This prevented us from using it in situations where costs were split among multiple store locations.

Reasons for switching to Ottimate

We wanted to find an invoice processor that could export to both QuickBooks for our accounting and to Chef Tec for our kitchen recipe pricing.

Read More

gs

gilbert s.

Verified reviewer

Food & Beverages

51-200 employees

Used monthly for less than 6 months

Review source

Reviewed September 2022

Be careful before you sign a contract with Plate IQ

1

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. Told them the product was not as explained to me in the demo and they did not care and charged me for a year on three locations of my restaurant franchise

Ratings Breakdown

1
Ease of use
1
Value for money
1
Customer support
1
Functionality
icon
Pros:
Never used the software. We never got set up. I was told if I did not like the product I could cancel at anytime, turns out that is not true. My fault I should have read the contract better rather than just believing the sales person.
Cons:
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. Told them the product was not as explained to me in the demo and they did not care and charged me for a year on three locations of my restaurant franchise.

Reasons for choosing Ottimate

Slick salesman, was told I could cancel if did not like the product, but then the company still charged me for a year.

Reasons for switching to Ottimate

I was sold a bill of good that Plate IQ did not follow through on

Read More

MJ

Melissa J.

Verified reviewer

Hospitality

51-200 employees

Used daily for less than 12 months

Review source

Reviewed March 2024

Ottimate makes AP Easy

5

Ratings Breakdown

5
Ease of use
5
Value for money
5
Customer support
5
Functionality
icon
Pros:
I like that Ottimate makes taking care of AP tasks easy. The reports are easy to use and the approval process is seamless.
Cons:
Sometimes it doesn't read the vendor and invoice correctly which can cause issues.

Read More

LS

Loni S.

Verified reviewer

Food & Beverages

201-500 employees

Used daily for less than 12 months

Review source

Reviewed December 2021

You need Plate IQ

5

The biggest benefit of using Plate IQ is that it is saving our company money! Plate IQ continually processes invoices and payments even while you sleep. Because of Plate IQ, we have eliminated our AP department (saving the company loads of money) while improving our relationships with our vendors by getting payments out accurately and timely. We no longer need a team of employees to process invoices and cut checks.

Ratings Breakdown

5
Ease of use
5
Value for money
5
Customer support
5
Functionality
icon
Pros:
Plate IQ has many features that help accountants be more efficient and produce accurate financial reports. The invoice processing is a huge benefit, especially if your company has hundreds of invoices coming in every month. Plate IQ scans those invoices, codes them for you and has them ready for you to schedule payment. Easy! Vendors can even send their invoices directly to Plate IQ for processing and the invoices will be ready for you to pay in a very short period of time. Invoices can be approved at multiple leadership levels within your organization. Once invoices have been scheduled for payment, payments go out quickly via check, ACH or virtual card. You can let the vendor choose how they would like to receive payment! Another huge benefit is the accounting integration. Plate IQ transfers invoices and payments directly to your accounting software automatically! All the while Plate IQ is handling your Accounts Payable needs, and helping you to create accurate financial data, you are free to work on other important matters! Time-efficient, accurate, and easy. Winning!
Cons:
We started with Plate IQ before much of the automation was implemented. Remembering to go in and export invoices and payments to the accounting software was tedious. I am pleased to see that much of this is now automated - if only the Spend Management credit cards could be automated too!

Reasons for choosing Ottimate

Ease of use, speed of processing, accuracy of payments. integration with Quickbooks

Reasons for switching to Ottimate

Previous product was not a product at all but a group of employees in the Philippines processing invoices and cutting checks. Not efficient or worth the money. Plate IQ has saved our business!

Read More

TH

Tim H.

Verified reviewer

Food & Beverages

51-200 employees

Used daily for less than 2 years

Review source

Reviewed January 2023

Beware!! Leaving this company will cost you

1

Ratings Breakdown

1
Ease of use
1
Value for money
1
Customer support
1
Functionality
icon
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.

Read More

Showing 1 - 10 of 57 Reviews

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