Ottimate End-to-End AP Automation uses AI to automate invoice capture, GL coding, approvals, and vendor payments in an accounts-payable workflow.
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Ottimate provides accounts payable software for finance teams, automating invoice capture, coding, approvals, and vendor payments across multiple locations.
Ottimate provides accounts payable software for finance teams, automating invoice capture, coding, approvals and vendor payments. It began as Plate IQ to address restaurant invoice backlogs that made prompt vendor payment difficult.
Ottimate automatically assigns general ledger codes to captured invoice details, supports approval rules based on role or invoice amount, and compares invoices with purchase orders or receipts to identify price and quantity differences before payment. It integrates with NetSuite and Sage Intacct to synchronize invoice data with accounting software and serves hospitality, healthcare and grocery businesses, including operators managing accounts payable across multiple locations.
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Ottimate was founded in 2014.
Ottimate's headquarters is located in Tampa, FL, US.
Ottimate's most recent funding round was for $160M (USD) in November 2021.
As of Nov 4, 2021, Ottimate has disclosed funding of $164.5M (USD).
Ottimate has 217 employees as of Feb 4, 2024.