Ottimate is an automated accounts payable platform.
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Plooto
Score9.2 out of 10
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Plooto aims to supply an accounts payable and accounts receivable solution for clients that is efficient, streamlined and profitable. Boasting users among thousands of accountants, bookkeepers and firms - Plooto provides end to end AP & AR automation, with workflows and integrated electronic payments. Plooto also provides two-way sync and reconciliation with Xero and QuickBooks. The vendor states that with it, users will reduce AP & AR processes from 5 hours to just 10 minutes.
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Pricing
Ottimate
Plooto
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Ottimate
Plooto
Free Trial
No
Yes
Free/Freemium Version
No
No
Premium Consulting/Integration Services
No
No
Entry-level Setup Fee
No setup fee
No setup fee
Additional Details
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More Pricing Information
Features
Ottimate
Plooto
Payment Management
Comparison of Payment Management features of Ottimate and Plooto
Feature
Ottimate
1.5
2 Ratings
134% below category average
Plooto
-
Ratings
Customizable Approval Policies
1.62 Ratings
00 Ratings
Financial Document Management
1.02 Ratings
00 Ratings
Payment Status Tracking
1.52 Ratings
00 Ratings
Payment Audit Trail
1.72 Ratings
00 Ratings
Duplicate Bill Detection
1.62 Ratings
00 Ratings
Advanced OCR
1.72 Ratings
00 Ratings
Electronic Funds Transfer
1.62 Ratings
00 Ratings
Accounts Payable
Comparison of Accounts Payable features of Ottimate and Plooto
It is well targeted at restaurants and similar service organizations with complex COGS. It dovetails well with complementary systems like FinTech payments. It wasn't designed by accountants, so there is a bit of roughness. Reporting is very limited: would like to see some SQL / build your own report functionality. Lookups are reasonably robust (filter for amount, time, vendor, etc). It is occasionally unstable but recovers gracefully. From our use case, it would be preferable to have the user approving the invoice ALSO have the ability to attach documents. This is left to the payment approver, who in our case is the "check signer".
I only use Plooto to collect monthly payments from my clients. They set up a pre authorized debit agreement, I schedule the monthly payment, and that's it. Payment from my clients are processed automatically - I don't need to do anything further. Should something change, it is very simple to make adjustments, pause or cancel client payments.
A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info
A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info
A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info
A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info
We used DocuWare first; great experience; however, it was not made specifically for restaurant clients like Plate IQ is. Plate IQ does a much better job of recognizing common items, and they've continued to add a function that is important for restaurant owners. Restaurant 365, we felt, was trying to be a complete package of accounting/AP/AR/inventory. After looking at each piece, we didn't feel that each of them was as strong as the other.
A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info
I find that Plooto has been much easier to use and set up than PayPal Payments. I also like Plooto's flat rate pricing. Basically I never have to think about how I am going to get paid every month and that is very important to a small business like mine.
A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info
In my opinion, it has had zero impact on ROI now that we are paying for an additional year.
Another negative is that we've spent a lot of time discussing this issue with Plate IQ, to no avail. They feel it's appropriate to charge a company for an entire year of service even though said company emailed to cancel prior to the end of the first year of service.
We also wasted a lot of time onboarding this company only to find out that the software left a lot to be desired.
A de minimis incentive was given to thank the reviewer for their time. The incentive was not used to bias or drive a particular response, nor was the incentive contingent on a positive endorsement. More Info