We had a fantastic time last week at LeadingAge Illinois! Huge thanks to everyone who stopped by our booth to talk all things AP automation. We had incredible conversations with senior living professionals who are ready to move beyond manual processes — and want better visibility, fewer errors, and faster approvals. It’s clear: finance teams in senior living are ready to take control of spend and unlock new profitability. And Ottimate is built to help make that happen. Want to see what that looks like in action? Check out how West Harbor Healthcare sped up their invoice processing time by 99.7% with Ottimate: https://lnkd.in/d4bB7qnt
Ottimate
Software Development
San Francisco, California 12,965 followers
Don't Just Automate AP. Ottimate It. (Formerly Plate IQ)
About us
Ottimate (formerly Plate IQ) is the leading AP automation AI. Ottimate is AP automation AI that provides a smarter way for AP managers, approvers, controllers, and CFOs to work through the entire invoice lifecycle. With mature deep learning capabilities, Ottimate gets to know your business and AP process down to the line-item, supporting a custom approval and payment workflow. Ottimate not only eliminates over 90% of the manual accounting process but also provides insights into invoices and spend, helping finance professionals uncover opportunities for growth. This means more strategic business decisions for CFOs and a better day-to-day for the entire team. Don’t Just Automate AP. Ottimate It.
- Website
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https://www.ottimate.com
External link for Ottimate
- Industry
- Software Development
- Company size
- 51-200 employees
- Headquarters
- San Francisco, California
- Type
- Privately Held
- Founded
- 2014
- Specialties
- Automated Accounts Payable, Line-Item Invoice Digitization, Bill Pay, SaaS, Restaurants, Food & Beverage, Hotels, Payments, Virtual Cards, Grocery, Retailers, Country Clubs, Digital Storage, and Accounting Software Integration
Locations
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Primary
San Francisco, California, US
Employees at Ottimate
Updates
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Your AP process is costing you more than you think. Missed discrepancies. Duplicate invoices. Slow approvals. It's time to stop putting out fires — and start making finance strategic. Join us for an exclusive webinar this week: 🗓 Wednesday, July 30 | 1PM ET / 10AM PT In this live session, you’ll learn how Ottimate’s purpose-built AI: ✅ Powers touchless invoice processing with unmatched accuracy ✅ Identifies cost discrepancies and fraud before they hit your books ✅ Outperforms frontier LLMs at the tasks that matter most for finance ✅ Helps finance leaders make smarter, faster, more profitable decisions Featuring: Krishna Janakiraman, CTO at Ottimate Michael Waldron, CMO at Ottimate Don’t miss this behind-the-scenes look at the future of AP automation — from the minds who built it. Save your spot now:https://lnkd.in/g-YzVMzi
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Ottimate reposted this
Ottimate is on the hunt for a Retail Industry Product Manager who’s ready to take the reins on building and scaling solutions retailers actually love (and adopt fast!). You’ll: - Own strategy + GTM + adoption (not just tickets) 📈 - Shape our retail roadmap anchored in ERP expertise and ecosystem knowledge 🛠️ - Drive launches, growth, and profitability (yes, you’ll see the impact of your work!) 💥 📩 Click the link below to apply! (or tag someone who’d crush this!) #hiring #productmanagement #retail #ERP #SaaS #ottimate
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EHS Business Solutions used to spend up to 40 hours a month processing invoices for just one restaurant. With Ottimate, that’s down to 5 to 10 hours—and each AP team member now manages up to 10 clients at once. By replacing manual pickups, paper invoices, and data entry with AI-powered automation, EHS unlocked a faster, more accurate, and scalable AP process. Here’s what they’ve achieved with Ottimate: ✔️ 75% reduction in invoice processing time ✔️ 2 minutes or less to reconcile statements ✔️ 5–10x client capacity per AP employee 📖 Read the full story: https://lnkd.in/gZVUiMCg Huge thanks to Liz Schwartz and the team at EHS Business Solutions for being such incredible partners!
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Big changes are coming for California alcohol retailers—and if you’re not ready, your payments (and your compliance) could be at risk. Starting January 1, 2026, AB 2991 will require all alcohol payments to wholesalers to be made via electronic funds transfer (EFT), with strict rules around timing, fees, and third-party processors. That means no more checks, no more cash, and no room for error. In our latest post, we break down: 🔹 What AB 2991 actually requires 🔹 How it could impact your cash flow 🔹 Steps you need to take now to stay compliant 🔹 How tools like VendorPay make compliance simple Read the whole post here: https://lnkd.in/g4qYQ3hc
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Managing over 7,000 invoices monthly across 10 grocery stores is no small task. Estevez Markets has successfully tackled this challenge by implementing efficient automation, resulting in increased speed, accuracy, and reduced stress in their operations. Robin Estevez, the Owner of Estevez Markets, will be a key speaker in an upcoming Supermarket News Magazine webinar. Joining him will be Don D., the VP of Product at Ottimate. Together, they will delve into how Estevez Markets optimized their Accounts Payable processes, eliminated the need for outsourced processing, and significantly reduced their workload to just one hour per day. Register now to discover how leading grocers like Estevez Markets are leveraging automation to enhance their Accounts Payable operations: https://lnkd.in/d9YWaCGx
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Most restaurants don’t realize how much money their AP process is leaving on the table. Until they fix it. In this real-world look at three growing hospitality brands: ✅ One scaled vendor payments across 20+ units — without adding headcount ✅ Another eliminated manual ACH headaches and improved controls ✅ A third saved over $200K by gaining real-time cost visibility and optimizing purchasing All three automated invoice processing, payments, and expenses — in one unified system. If your AP process still involves paper, credit card uploads, or missing cashback, this blog shows how modern hospitality operators are unlocking profit from the back office. Read the full post here: https://lnkd.in/g7NRWBcP
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Late fees. Paper checks. Missed discounts. For hospitality finance teams, manual AP isn't just inefficient — it's expensive. But what if your AP process could actually drive profitability? Hotels, clubs, and restaurants using Ottimate are: ✅ Cutting processing costs ✅ Capturing cashback on vCards ✅ Optimizing cash flow with smart payment timing ✅ Approving invoices from anywhere See how hospitality finance leaders are protecting margins and gaining control with Ottimate: https://lnkd.in/gmDJnYVE
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Let’s be real: your AP team wasn’t built to protect your margins — but it should be. If profitability is the goal, AI-powered AP is the strategy. Join us for a high-impact webinar with Ottimate’s CTO Krishna Janakiraman and CMO Michael Waldron as they break down how to: ✅ Catch cost discrepancies before they impact your bottom line ✅ Eliminate spend leakage hiding in plain sight ✅ Unlock early pay discounts — and stop leaving cash on the table ✅ Streamline approvals and cut manual labor costs ✅ Automate invoice processing with 96%+ accuracy In June alone, Ottimate processed $2B in invoice value — helping customers capture savings, boost accuracy, and move faster than ever. If you’re serious about turning AP from a cost center into a profit lever, don’t miss this. Save your spot → https://lnkd.in/g-YzVMzi
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1 full day per week — that’s how much time this country club accountant got back. From hotels mailing paper invoices across states… To GMs scanning receipts from their phones in minutes. Whether you manage 5 properties or 60, invoice chaos shouldn’t hold you back from growing. AP automation is no longer a luxury — it’s your edge in hospitality. See how Ottimate helped hotels, clubs, and resorts slash invoice turnaround times by up to 80% — without hiring more staff. Real stories. Real ROI. Real hospitality wins. Read the full post here: https://lnkd.in/gb7dP8-V