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Average Ratings 0 Ratings

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ease
features
design
support

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Write a Review

Description

InvoiceParser Pro streamlines the accounts-payable process specifically for the freight and logistics sector, catering to carriers, brokers, clearing and forwarding agents, as well as their accounting teams. Users can conveniently upload invoices from suppliers and carriers in various formats like PDFs, scans, or images taken with phones, or they can send them via email. The system meticulously analyzes every detail of the invoice—including description, quantity, unit price, tax, and line total—rather than merely focusing on the overall totals, ensuring that all calculations are accurate before they are finalized in your accounting records. Each line item must correspond to the subtotal accurately, and the sum of the subtotal along with additional charges and VAT must match the total indicated on the invoice. Designed to handle international transactions in multiple currencies, including USD, ZAR, NAD, EUR, GBP, and ZMW, it retains amounts in their original currency. The software also prevents duplicate payments by comparing against the last year’s invoices and safeguards against erroneous payments by retaining supplier statements. Furthermore, each document is assigned a confidence rating of High, Medium, or Low, providing insight into the reliability of the data. Before invoices are integrated into accounting platforms like QuickBooks Online, Xero, or Zoho Books, the system ensures that all approvals are in place, roles are clearly defined, and a comprehensive audit trail is established. This robust approach not only enhances accuracy but also significantly increases efficiency within financial operations.

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 

Screenshots View All

No images available

Screenshots View All

Integrations

QuickBooks Online Yes 
Xero Yes 
Acumatica Cloud ERP No 
COGS-Well No 
ChatGPT Yes 
Crunchtime No 
Cursor Yes 
Lightspeed Restaurant No 
NetSuite No 
QuickBooks Desktop Pro No 
Restaurant365 No 
Sage 300 No 
Sage 50 No 
Sage X3 No 
Square Appointments No 
Square POS No 
Square Payments No 
Square for Restaurants No 
Yellow Dog Inventory No 
Zoho Books Yes 

Integrations

QuickBooks Online Yes 
Xero Yes 
Acumatica Cloud ERP Yes 
COGS-Well Yes 
ChatGPT No 
Crunchtime Yes 
Cursor No 
Lightspeed Restaurant Yes 
NetSuite Yes 
QuickBooks Desktop Pro Yes 
Restaurant365 Yes 
Sage 300 Yes 
Sage 50 Yes 
Sage X3 Yes 
Square Appointments Yes 
Square POS Yes 
Square Payments Yes 
Square for Restaurants Yes 
Yellow Dog Inventory Yes 
Zoho Books No 

Pricing Details

$79/month
Free Trial Yes 
Free Version Yes 

Pricing Details

Custom quotes given during demo
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
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 No 
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 Yes 
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

InvoiceParser Pro

Country

United States

Website

invoiceparserpro.com

Vendor Details

Company Name

Ottimate

Founded

2014

Country

United States

Website

www.ottimate.com

Product Features

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 

Alternatives

No Alternatives

Alternatives

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