Ottimate
plateiq.comAI-powered AP automation for profitable, finance-first teams.
Finance & Fintechaccounts-payableap-automationinvoice-processingfraud-preventioncash-flowai-toolsfinance
About
Ottimate is an AI-powered accounts payable automation platform that helps finance teams cut costs, prevent fraud, and optimize cash flow. It automatically captures and codes invoices, detects overpayments and spend anomalies, and facilitates vendor payments via ACH, vCard, or check. The platform integrates into approval workflows and processes over 40 million invoices annually across 30,000+ U.S. locations.
Problem
Manual AP workflows lead to overpayments, fraud risk, and wasted time reconciling invoices across formats and systems.
For
Finance teams and accounts payable departments at multi-location businesses
How it works
Ottimate uses AI to capture and code invoices with 98% accuracy, match them against POs and receipts, flag anomalies and duplicate invoices, and process vendor payments from a central platform.
Business model
unknown
Status
launched
Company
Ottimate