Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
Enhancing supplier relationships is crucial for maintaining a competitive edge, and achieving complete traceability of your invoices is essential in this endeavor. If you’re contemplating a digital transformation of your business processes, prioritizing accounts payable (AP) automation is key. Efficient supplier invoice management significantly contributes to business continuity and expansion. Moreover, relying on manual data entry introduces the risk of human errors, which can lead to unnecessary expenses and efforts for correction. The traditional invoice management process often entails excessive paperwork and delays in invoice approvals, as it necessitates inter-departmental reviews before an invoice can receive final payment approval. In a manual processing environment, achieving traceability can be particularly challenging, resulting in potential oversight of submitted invoices. The burdensome nature of manual workloads typically demands a larger AP team, which can cause significant delays in vendor payments. This situation can ultimately lead to late payment fees becoming a common occurrence. Furthermore, the resulting delays and discrepancies in vendor payments can create inaccuracies in cash flow management, which is detrimental to overall financial health. Transitioning to an automated system not only mitigates these challenges but also streamlines the entire invoicing process, ensuring timely payments and fostering stronger supplier partnerships.
Description
Ottimate (formerly Plate IQ), the leading AI for AP automation, is a product of Ottimate.
Ottimate, an AI-powered AP automation, provides a smarter, more efficient way for AP managers to manage the invoice lifecycle. This includes controllers, CFOs, and approvers. Ottimate's deep learning capabilities allow it to understand your business and AP processes down to the line item, supporting a customized approval and payment workflow.
Ottimate eliminates over 90% manual accounting processes and provides insights into invoices, spending and expenditures. This helps finance professionals discover growth opportunities. This allows CFOs to make better strategic decisions and improve the day-to-day of their entire team.
API Access
Has API
Yes
API Access
Has API
No
Integrations
Acumatica Cloud ERP
No
Bar-i
No
COGS-Well
No
Craftable
No
Crunchtime
No
Jonas Club Management
No
Lightspeed Restaurant
No
Microsoft Dynamics GP
No
NetSuite
No
QuickBooks Desktop Pro
No
Integrations
Acumatica Cloud ERP
Yes
Bar-i
Yes
COGS-Well
Yes
Craftable
Yes
Crunchtime
Yes
Jonas Club Management
Yes
Lightspeed Restaurant
Yes
Microsoft Dynamics GP
Yes
NetSuite
Yes
QuickBooks Desktop Pro
Yes
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
Custom quotes given during demo
Free Trial
No
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
Yes
iPad App
Yes
Android App
Yes
Windows
Yes
Mac
Yes
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
Yes
iPad App
Yes
Android App
Yes
Windows
Yes
Mac
Yes
Linux
No
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
No
Webinars
No
Live Training (Online)
No
In Person
No
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
Yes
Vendor Details
Company Name
Arista Consulting
Founded
2014
Country
United States
Website
aristaconsultingus.com
Vendor Details
Company Name
Ottimate
Founded
2014
Country
United States
Website
www.ottimate.com
Product Features
Accounts Payable
Approval Process Control
Yes
Bank Reconciliation
No
Cash Management
Yes
Check Writing
No
Duplicate Payment Alert
Yes
Fraud Detection
No
General Ledger Entry
No
Vendor Management
Yes
Product Features
Accounts Payable
Approval Process Control
Yes
Bank Reconciliation
No
Cash Management
No
Check Writing
Yes
Duplicate Payment Alert
Yes
Fraud Detection
No
General Ledger Entry
Yes
Vendor Management
Yes
Professional Services Automation
Billing & Invoicing
No
CRM
No
Client Portal
No
Collaboration Tools
No
Document Management
No
Portfolio Management
No
Project Management
No
Proposal Generation
No
Quote Management
No
Resource Management
No
Time & Expense Tracking
No