Ottimate

Ottimate builds an AI-powered Accounts Payable automation platform that covers the full invoice-to-payment lifecycle for businesses. Founded in 2014 and formerly known as Plate IQ, the company serves 30,000 customers across hospitality, retail, healthcare, accounting, and finance. Its software handles invoice coding, automated approvals, cost discrepancy detection, expense management, and vendor payments, with the stated aim of removing manual data entry and enabling finance teams to pay vendors instantly and securely.

The platform's technical work spans artificial intelligence, machine learning, computer vision, natural language processing, and language models. Ottimate describes an evolution from optical character capture and OCR-based processing toward intelligent document understanding, applying machine learning, computer vision, and language models to invoice and document capture. Related capabilities include workflow automation, fraud detection, overpayment prevention, policy compliance enforcement, and autonomous validation for touchless settlement.

Ottimate integrates with accounting and ERP systems including NetSuite, QuickBooks, Sage Intacct, Microsoft Dynamics, and Acumatica.