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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
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
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
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