Invoice Automation Software
Spend 80% Less Time On Your Invoices
Ottimate brings intelligence to your invoices with unlimited customizations, unmatched approval policies, and seamless integrations.
Best-In-Class Invoice Automation Features
Invoice Upload & Reconciliation
Upload invoices from any format – paper, images, email, or EDI feeds. Ottimate handles the rest, enabling stress-free AP.
Instant Capture
Get time back in your day with a tool designed to digitize your invoices in seconds.
Unlimited Custom Dimensions
Build your platform your way with unlimited dimensions, like project, cost code, contact, vendor, and more.
Invoice & Line Item Capture
Reduce human error by leveraging machine learning technology that captures and codes your invoice.
Approval Workflows & Team Management
Automatically route the right invoice to the right approver, and create smart routing so no invoice gets missed.
Digital Filing Cabinet
Clear up the clutter by storing your invoices securely directly in your account.
Meet Instant Capture, Powered by Ottimate
Customer Stories
See why customers choose Ottimate
Learn how Lazy Bear, a Michelin-starred restaurant maintains
creative focus with AP Automation.
Discover how West Harbor Healthcare spends less time on invoices and more on delivering excellent care with Ottimate.
Check out this case study to find out how The Club at Ravenna streamlined invoices and payments with AP Automation.
How Does Ottimate Work?
Explore Articles About Invoice Automation
Works Seamlessly With Your Accounting Platform of Choice
See More
Leaders in the AP Industry
Your AP success story starts with finding a solution provider who puts you, your staff, and your clients first!
Hear from G2 Reviews
“
Ottimate allows us to have approval on all invoices including those that we pay via ACH or with a credit card. The AI allows quicker processing of invoices by line item, so as long as we code the invoices correctly the first time, the system codes it the same way every time after that. The AI makes processing our invoices much faster for our A/P team.
Pam B.
G2 Verified, Enterprise User
”
“
As a company that manages a dozen restaurants and dozens of vendors, we process hundreds of invoices every day for different locations. Ottimate allows us to keep track of all our invoices and sync with our accounting software automatically.
Roy C.
G2 Verified, Enterprise User
”
“
Ottimate is a game changer from an AP efficiency standpoint. Between the scanning entry feature and ability to give vendors a unique email address for invoice submissions, your data entry time for invoices decreases significantly in a measurable and material way.
Rick R.
G2 Verified, Mid-Market User
”
“
Being able to process invoices without manually touching them helps our business be able to expand and grow without having to add extra people. We’ve been able to do the work of 20 people with a team of 5.
Caroline G.
G2 Verified, Mid-Market User
”
Frequently Asked Questions
Invoice Automation is a technology that streamlines the invoicing process by eliminating manual tasks, such as data entry and invoice matching, significantly reducing the risk of errors and speeding up the process.
At Ottimate, we go beyond mere automation. We employ machine learning algorithms to extract and categorize data from invoices, regardless of their format, and then automatically match them to their corresponding purchase orders and delivery receipts. Our platform serves as a one-stop-shop for your invoice management needs, streamlining everything from receipt to payment, all while integrating seamlessly with your existing accounting systems. In essence, we make your invoices intelligent, turning them into actionable financial insights.
Ottimate’s Invoice Automation solution uses AI and machine learning to capture and extract data from invoices upon upload. The system then auto-matches the invoices with purchase orders and receipts, and routes them for approval and payment.
Essentially, we open the door to a smarter way for AP managers, approvers, controllers, and CFOs to handle the entire invoice lifecycle. With deep learning capabilities, we get to know your business’s unique set up, down to the line-item, and optimize it. This means not only eliminating 90% of manual accounting processes but also providing insights into invoices and spend, helping your team uncover opportunities for growth, and making strategic business decisions easier and more informed than ever!
By automating invoices, you can reduce processing costs, accelerate invoice approvals, improve accuracy, enhance security, and provide real-time visibility into your payable process.
Invoice Automation offers a host of benefits designed to modernize and streamline your accounting processes. Here’s how Ottimate’s Invoice Automation technology can specifically advantage your business:
– Reduced Processing Costs: By automating repetitive tasks, you cut down the labor and operational costs associated with invoice processing.
– Accelerated Invoice Approvals: Automated routing and reminders ensure that invoices are approved promptly, aiding in better cash flow management.
– Improved Accuracy: Automated data capture and validation virtually eliminate human errors, making sure your financial records are precise.
– Enhanced Security: With features like role-based access control and audit trails, you can secure sensitive financial data and maintain compliance more easily.
– Real-Time Visibility: Get a 360-degree view of your payable process, helping you make informed decisions with real-time analytics and reporting.
– Scalability: As your business grows, automation ensures your invoicing processes can scale smoothly without requiring a proportional increase in staffing or resources.
– Better Vendor Relationships: Faster approvals and payments lead to better relationships with suppliers, possibly even qualifying your business for early-payment discounts.
Ottimate offers a highly accurate, AI-powered invoice automation solution that is user-friendly, easy to implement, and integrates seamlessly with your existing systems.
Our mature AI understands your invoices. Inconsistent formats. Line item details. Unfamiliar or previously unknown abbreviations. Ottimate translates it all to your general ledger!
We also integrate seamlessly with your ERP. Never manually backfill your accounting software or AP system again. With API integration, detailed mapping, and reporting, Ottimate’s solutions keep everything up-to-date and reliable. Fast, detailed data is key to making informed business decisions.
Ottimate uses industry-standard encryption and security measures to protect your data. In addition, our platform enhances security by providing complete visibility into the invoicing process, helping to prevent fraud.
Security is a cornerstone of Ottimate’s platform. We employ industry-standard encryption protocols and multiple layers of security measures to safeguard your data at rest and in transit. Our secure data centers are compliant with regulatory standards, ensuring that your information is protected to the highest degree.
Furthermore, our platform offers additional security features such as role-based access controls, two-factor authentication, and detailed audit trails. This ensures that only authorized personnel can access specific functions or data and that all interactions with the system are logged and traceable. This level of security doesn’t just protect your data; it also plays a crucial role in mitigating risks associated with fraud and non-compliance.
Yes, Ottimate integrates with many popular accounting systems, enabling you to synchronize data and maintain your existing workflows.
Integration is one of our strong suits. Ottimate’s Invoice Automation software is designed to be compatible with a wide range of popular accounting systems, such as QuickBooks, Xero, Oracle, and many more. Our API-driven architecture ensures that data flows smoothly between Ottimate and your existing software, allowing for real-time synchronization and updates. This makes it incredibly easy to maintain your existing workflows while benefiting from Ottimate’s powerful features. Whether it’s exporting payable data, syncing vendor details, or mapping custom fields, our solution is designed to fit like a glove with your current accounting environment.
We integrate with your ERP or accounting software of choice! Check out some of our prominent integrations.
Yes, Ottimate allows you to customize the approval workflow to match your business’s unique needs and internal controls.
Don’t settle to work any other way but yours! Customization is key to how Ottimate serves its customers. We understand that every business has unique needs and internal controls. That’s why our Invoice Automation platform allows you to tailor the approval workflow according to your specific organizational structure and business rules.
You can set up multi-level approvals, conditional routing based on invoice amount, department, or vendor, and even employ parallel approvals where multiple stakeholders need to review an invoice simultaneously. Our goal is to make our platform as flexible as possible to fit your unique operational requirements, while still maintaining strong financial controls and compliance. Automated notifications and reminders are also part of the workflow, ensuring that approvals are secured in a timely fashion.
So, whether you are a small business looking for basic approval hierarchies or a multi-departmental organization requiring complex routing and permissions, Ottimate has got you covered.
Ottimate offers comprehensive support via email, phone, and live chat. We also provide a range of resources including guides, tutorials, and FAQs on our website.
We’re committed to giving our clients the tools and dedicated support they need to create their own accounts payable success stories! Get in touch with our support team or get more details.
The cost to process an invoice can vary widely depending on multiple factors such as the industry, the size of the company, the complexity of the invoice, and the degree of automation or manual intervention involved. Traditional, paper-based invoice processing is generally more expensive, with costs ranging from $10 to $30 per invoice according to various industry studies. These costs incorporate labor, overheads, errors, and the time value of delayed approvals and payments.
However, with automated solutions like Ottimate’s Invoice Automation, the cost per invoice can be significantly reduced—sometimes by as much as 80%. Automation slashes the time spent on data entry, approval routing, and error corrections, thereby decreasing labor costs and speeding up the overall process.
Our clients often find that the return on investment (ROI) for implementing an automated system is substantial, especially when considering indirect benefits like improved accuracy, enhanced security, and better supplier relationships, which can all contribute to lower costs in the long run.
It’s worth noting that while there’s an initial investment involved in setting up an automation system, the ongoing operational costs are typically much lower than a manual process, offering long-term cost efficiency.
To get a clearer picture of how much you can save with Ottimate, we offer a personalized cost-benefit analysis tailored to your business’s specific needs and existing processes. Feel free to reach out to us for more details.
