How to avoid scams, AI deepfakes in senior living and care financial transactions

News, Senior Living / /

Senior living and care providers are as vulnerable as any business or individual to scams from artificial intelligence, which are becoming increasingly sophisticated and have a risk that is “growing dramatically,” Shawn Lane, CEO of accounts payable automation company Ottimate, told the McKnight’s Business Daily in an exclusive interview.

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

AP Automation + Technology, 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, Risk, Fraud + Compliance / /

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 Protect Their Margins

AP Automation + Technology, Blog / /

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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