What is Ottimate?
Ottimate (formerly Plate IQ) is an AP automation AI solution that provides a smarter way for AP managers, approvers, controllers, and CFOs to manage 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 enables more strategic business decisions for CFOs and a better day-to-day for the entire team. Ottimate is the AP automation AI that works with you and for you across the entire invoice lifecycle
Highlights
- Invoice Data Translation: Ottimate can translate inconsistent invoice formats, unfamiliar abbreviations, and line item details into a format compatible with your general ledger
- ERP Integration: Ottimate integrates deeply with your ERP system, keeping both systems updated in real-time with detailed mapping and source documentation links
- Payment Optimization: Ottimate can boost cash flow by capitalizing on vendor-sponsored early payment discounts, eliminating unapproved invoice spend, and earning cash back with virtual cards
- Customizable Approvals: Ottimate instantly routes invoices through a custom approval workflow based on your line-item rules, no matter how complex.