AvidXchange vs Ottimate
AvidXchange
avidxchange.comOttimate
ottimate.comSide by side
| Figure | AvidXchange | Ottimate |
|---|---|---|
| Price from | — | Free |
| Free plan | — | Yes |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | — | Yes |
| Android | — | Yes |
| API | Yes | Yes |
| Plans published | 1 | 6 |
| Spec score · Accounts Payable Software | 8.2 (#21) | 8.8 (#5) |
| Founded | 2000 | 2014 |
| Implementation | The company says implementation time varies by business and accounting environment, and many customers are running in as little as six weeks. | Ottimate says implementation takes 6–12 weeks. |
| Integrations | AvidXchange says it offers 240 accounting system integrations, allowing businesses to automate AP without changing their current system. | The maker lists QuickBooks, NetSuite, Acumatica, and Sage Intacct integrations and says it connects with hundreds of accounting systems. |
| Invoice automation | Its invoice automation extracts, matches, and routes invoice data, with experts supporting accuracy, visibility, and control. | Ottimate uses machine learning to capture and code invoices, route approvals, and match invoices to purchase orders and receipts. |
| Invoice capture | ai | The platform captures invoice header and line-item details from multiple formats, including handwritten invoices. |
| Payments | AvidPay automates business bill payments while customers retain control over approving payments and can track their status. | Ottimate lets customers pay vendors from a central platform using methods including virtual card, ACH, and checks. |
| PO matching | Yes | Ottimate matches invoices to purchase orders and receipts automatically. |
| Security | AvidXchange describes layered security controls, fraud monitoring, multi-factor authentication support, and vulnerability management. | Ottimate states that its AP automation is SOC 2 Type 1 and Type 2 compliant and uses industry-standard encryption and security. |
| Support | The company offers customer care, live chat, product-specific support options, a community with guides and instructional videos, and on-demand courses. | Customers can contact their support team through the website or the Ottimate platform. |
| Who it serves | Its AP automation solutions are built for middle-market businesses and cover industries including real estate, construction, financial services, healthcare, hospitality, education, and nonprofits. | Ottimate describes its customers as including hospitality, restaurants, accounting firms, grocery, retail, construction, healthcare, and manufacturing organizations. |
Plans
Ottimate
- Priority ACHFree
- Standard ACHFree
- Fast ACH$0.50, paid once
- Standard Check$5, paid once
- Priority Check$14.99, paid once
- Overnight Check$20.99, paid once
In their own words
AvidXchange
AvidXchange automates accounts-payable work for middle-market businesses, including invoice processing, approvals, purchasing, and payments. AvidInvoice uses AI to extract invoice data, route invoices, support customizable approval workflows, and show status in real time. It supports two-way purchase-order matching and three-way matching with a receipt. AvidPay automates business bill payments while customers retain approval control and can track payment status. The company says it offers 240 accounting-system integrations, including Oracle NetSuite, Intuit QuickBooks, Microsoft, Sage, Acumatica, Blackbaud, MRI, and Yardi. Its AI is described as extracting invoice data with 99%+ accuracy, matching invoices to purchase orders, and recommending approval actions. Suppliers can check invoice and payment status through the AvidXchange Supplier Hub 24/7. The service supports web and API access, multi-entity use, approval workflows, purchase-order matching, and payment execution. AvidXchange describes layered security, fraud monitoring, multifactor-authentication support, and vulnerability management. Pricing is paid and available on request.
Ottimate
Ottimate automates accounts payable across invoice capture, coding, approvals and vendor payments. It uses machine learning to capture invoice headers and line items, learn GL coding from invoices, route approvals, and match invoices to purchase orders and receipts. Its features page reports 99.5% header-level capture accuracy, 95% line-item accuracy, and automatic coding for 93.3% of line items. Teams can pay vendors centrally by virtual card, ACH or check, while spending analysis surfaces trends, outliers, invoice risk and cash-flow insights. The maker lists QuickBooks, NetSuite, Acumatica and Sage Intacct integrations, and says it connects with hundreds of accounting systems. Web, iOS and Android access is available; the mobile app supports invoice and document capture, coding, payment approvals and scheduling, expense management, notifications, reporting and spend tracking. Ottimate states that its AP automation is SOC 2 Type 1 and Type 2 compliant and uses industry-standard encryption and security. Pricing for the product is on request, and the maker says implementation takes 6–12 weeks. Listed payment issue costs range from complimentary ACH to $20.99.