In just a few short years, AI has gone from niche to ubiquitous. A recent survey from McKinsey & Company found that 88% of organizations are using AI in at least one business function, up from 55% in 2023.

Grocery retailers are facing cost pressures from nearly every direction, and according to Dan Kim, chief financial officer of accounts payable automation platform Ottimate, too many of them are absorbing those costs without the visibility to see where the money is going.

Ottimate introduces MCP support, giving finance leaders direct access to AP data within the LLM of their choice. SAN FRANCISCO — June 10th – Ottimate, the leading AI-powered Accounts Payable (AP) automation platform, today announced the first Model Context Protocol (MCP) integration in the market, enabling finance leaders to bring AP data directly into Large

Invoice fraud is nothing new. It’s something that’s always been on the radar of finance teams across industries. But the rise of artificial intelligence is heightening risk, especially for organizations that continue to rely on controls that were built for another era.

We spend millions on the “front-of-house” experience, but a fragmented AP architecture is quietly eroding your margins. Discover why “partial automation” is actually a systemic trap—and how a unified data layer can stop the bleeding.

Lane succeeds Ottimate’s former CEO Barrett Boston, who is stepping down from the role having led the company since 2021.