From Paper to Profit: How Hospitality Finance Leaders Unlock Cash Flow with Automation

Blog, Hospitality / /

Hospitality finance teams today aren’t just digitizing their workflows — they’re turning their Accounts Payable (AP) operations into a strategic driver of profitability. In an industry where thin margins, high vendor volume, and decentralized operations are the norm, every inefficiency in invoice processing and payment approval directly impacts cash flow. That’s why leading hotels, resorts, […]

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16 Best Practices for Financial Fraud Prevention

Blog, Security / /

No one wants to believe fraud could happen to them. However, the reality is that fraud is pervasive, and it carries significant consequences for businesses. Research indicates that organizations lose an estimated 5% of their revenue to fraud each year, and many believe this figure is conservative.  Whether it’s through internal manipulation or external attacks,

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Cost Validation Vendor Validation

How Cost Validation Helps Grocers and Retailers Prevent Misspending, Preserve Profit Margins, and Control Costs

Blog, Retailers / /

In the grocery and retail industry, costs are high and profit margins are low. The trouble is that all too many companies end up losing money when the prices on vendor invoices don’t match what they expected to pay. In this article, Ben Spiegel, Ottimate’s growth product manager, shares how cost validation tools in an

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Attain Business Financial Goals and AP Visibility for Senior Leaders

AP Automation, Blog / /

How AP Automation Helps Organizations Achieve Business Financial Goals and Increases Visibility for Senior Leaders (Don Dittmar Part 3) Previously in this SME interview series, Ottimate VP and Head of Product Don Dittmar revealed how AP automation provides new insights into spending, expedites invoice processing, and simplifies statement reconciliation. In this final installment of his

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business woman processing vendor payments using Ottimate at desktop

Spend Visibility, Statement Management, and Vendor Relationships

AP Automation, Blog / /

Improving Spend Visibility, Statement Management, and Vendor Relationships with AP Automation (Don Dittmar Part 2) In the first part of this series, our Vice President and Head of Product Don Dittmar revealed how Ottimate began in the restaurant industry, expanded into grocery, retail, and other areas, and created specific AP automation solutions for those spaces.

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Heritage Grocers Group

Heritage Grocers Group

Resources / /

Meet Heritage Grocers Group (HGG) Download the case study today Managing the rising number of invoices and financial documents became difficult for HGG as it operated 115 stores across four grocery chains. The company’s traditional, manual accounts payable (AP) process involved receiving paper invoices from stores, transporting them to a central AP department, and manually

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