Invoice
Learn about how Ottimate manages vendor invoices
An invoice is a document requesting payment for products or services that a vendor provided to a buyer during a specific transaction. Invoices typically contain line items detailing each good and service provided.
Invoice lifecycle in Ottimate
In a typical invoice management cycle, users or vendors can upload invoice files to Ottimate via email, desktop, or mobile. Structured invoice data is extracted within seconds through Ottimate’s proprietary AI extraction engine, InstantCapture. The invoice is then matched to other documents and coded with appropriate dimensions. Once approved, the invoice is submitted for payment, and invoice data is recorded in the general ledger in the client’s ERP system.
What you can do with Invoice APIs
- Push structured invoice data - Send invoice data to Ottimate for coding and approval routing
- Bulk export digitized invoices - Retrieve processed invoice data from Ottimate
- Fetch line-item details - Get detailed line-item data for a specific invoice
- Update invoice status - Modify the processing status of an invoice
