Ottimate (formerly Plate IQ)
The AP automation platform that pays you back.
Overview
Ottimate, which was formerly known as Plate IQ, is an accounts payable automation platform designed to eliminate manual data entry. While serving multiple industries, it has deep roots and strong features for hospitality. Users can upload invoices via scan, email, or photo, and Ottimate uses AI to capture line-item detail, code it to the proper GL account, and sync it with the accounting system. It also offers vendor payments and expense management.
✨ Key Features
- AP Automation with Invoice OCR
- Line-Item Detail Capture
- Automated GL Coding
- Approval Workflows
- Vendor Payments (ACH, Check, Virtual Card)
- Expense Management
- Real-time Spend Visibility
🎯 Key Differentiators
- Advanced AI for deep, line-item invoice detail extraction
- Broad applicability beyond just restaurants to other invoice-heavy industries
- Focus purely on best-in-class AP automation
Unique Value: Transforms the entire accounts payable process from a manual, paper-based cost center into an automated, data-rich, and efficient workflow.
🎯 Use Cases (4)
✅ Best For
- Eliminating manual data entry for accounts payable clerks
- Streamlining invoice approvals across multiple properties or managers
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Companies seeking a full ERP or general ledger system
- Businesses with very low invoice volume
🏆 Alternatives
Compared to generic AP tools like Bill.com, Ottimate offers superior line-item data extraction which is critical for hospitality cost control. Unlike all-in-one systems, it focuses on providing the best AP automation to plug into any accounting system.
💻 Platforms
🔌 Integrations
🛟 Support Options
- ✓ Email Support
- ✓ Live Chat
- ✓ Phone Support
- ✓ Dedicated Support (Varies tier)
🔒 Compliance & Security
💰 Pricing
✓ 14-day free trial
🔄 Similar Tools in Hospitality Accounting
M3
A hospitality-specific financial management, accounting, and business intelligence platform....
Restaurant365
An integrated platform for restaurant accounting, inventory, scheduling, and payroll....
Sage Intacct
A powerful cloud financial management platform with a specialized edition for hospitality....
Aptech Computer Systems (PVNG)
Enterprise accounting, business intelligence, and budgeting software for hotel companies....
MarginEdge
A restaurant management platform focused on invoice processing, inventory, and cost control....
QuickBooks Enterprise
A robust desktop accounting software with industry-specific editions, including for hospitality....