
Ottimate is an AP automation AI platform that streamlines the entire invoice lifecycle for AP managers, approvers, controllers, and CFOs. Leveraging deep learning, Ottimate learns business-specific AP processes, including line-item details, to support custom approval and payment workflows. The software automates over 90% of manual accounting tasks, provides insights into invoices and spend, and helps finance professionals identify growth opportunities, leading to more strategic decision-making and improved daily operations.

Ottimate is an AP automation AI platform that streamlines the entire invoice lifecycle for AP managers, approvers, controllers, and CFOs. Leveraging deep learning, Ottimate learns business-specific AP processes, including line-item details, to support custom approval and payment workflows. The software automates over 90% of manual accounting tasks, provides insights into invoices and spend, and helps finance professionals identify growth opportunities, leading to more strategic decision-making and improved daily operations.
Founded: 2014
Headquarters: San Francisco, CA
Product: AP automation for restaurants (invoice capture, OCR, GL coding, approvals, payments)
Notable funding: Series B led by FTV Capital (Nov 4, 2021)
Accounts payable automation and invoice processing for restaurants, hospitality, grocery and accounting firms.
2014
B2B SaaS; fintech / AP automation
4000000.00
Round reported March 20, 2017