Ottimate
8.2#4 in accounts payable software$0.50 one-timeFree planAndroidiOSWebAPI
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| Fact | Ottimate | SpendConsole |
|---|---|---|
| Founded | 2014 | 2021 |
| Integrations | The maker lists QuickBooks, NetSuite, Acumatica, and Sage Intacct integrations and says it connects with hundreds of accounting systems. | The platform lists integrations with SAP, Oracle, Microsoft Dynamics and Sage, plus banking and payment infrastructure connectivity. |
| Invoice automation | Ottimate uses machine learning to capture and code invoices, route approvals, and match invoices to purchase orders and receipts. | It offers multi-channel invoice capture, automated two-way and three-way matching, exception handling, and processing across multiple ERPs and entities. |
| Invoice capture | The platform captures invoice header and line-item details from multiple formats, including handwritten invoices. | ai |
| Payments | Ottimate lets customers pay vendors from a central platform using methods including virtual card, ACH, and checks. | SpendPayFlow routes payments across bank transfers, real-time account-to-account payments, virtual cards and cross-border rails. |
| Product | Ottimate is AI-powered accounts payable automation for AP managers, approvers, controllers, and CFOs across the invoice lifecycle. | SpendConsole is an AI-powered accounts payable and payables orchestration platform for enterprise finance operations. |
| Security | Ottimate states that its AP automation is SOC 2 Type 1 and Type 2 compliant and uses industry-standard encryption and security. | Security measures listed include role-based access controls, encryption in transit and at rest, auditability, and a secure API and integration framework. |
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Ottimate suits finance teams managing invoices, approvals, vendor payments, and spend across hospitality, accounting firms, and other industries. It also offers mobile tools for invoice and payment tasks.
SpendConsole is aimed at enterprise finance teams operating across multiple ERPs, entities, regions, suppliers, and regulatory environments. It is also presented for banking and government organizations with complex payables needs.