Principal Product Manager, Ottimate
Payments and Expense Management
+ Performance Incentives
AP automation AI software
Posted today
AP automation AI software
201-500 employees
Posted today
+ Performance Incentives
201-500 employees
Company mission
To make life a little easier for anyone eager to spend less time on AP and more time growing their business.
Role
Who you are
- 8+ years of product management experience, including at least 4 years in payments, fintech, or expense management
- Proven ability to lead complex product areas from 0 to 1 and 1 to scale
- Deep understanding of B2B payment flows, financial operations, and card ecosystems
- Demonstrated success driving growth and adoption in transactional or usage-based revenue models
- Strong data instincts and comfort with both qualitative research and quantitative analysis
- Exceptional collaboration and communication skills; thrives in cross-functional leadership
- Prior experience working in mid-size or growth-stage SaaS companies is a plus
- Bonus: Experience with vertical SaaS, AP/AR automation, or ERP integrations
What the job involves
- We’re looking for a Principal Product Manager to lead the strategy, roadmap, and execution for Ottimate’s Payments and Expense Management product suite—encompassing our VendorPay and Ottimate Spend offerings
- This is a critical leadership role in the Product organization
- As the most senior PM on the Payments and Expense side of our business, you’ll shape the future of Ottimate’s financial workflows—from virtual cards and invoice-free settlement to real-time expense tracking and spend control
- You’ll work cross-functionally with Engineering, Design, Finance, Partnerships, and GTM teams to deliver intuitive, scalable, and secure payment and spend experiences for our customers in hospitality, retail, and healthcare
- Own the product vision and roadmap for Payments and Expense Management across VendorPay and Ottimate Spend
- Drive product discovery to uncover customer pain points, evolving needs, and industry trends
- Define, prioritize, and deliver high-impact features that power vendor payments, corporate cards, and real-time spend visibility
- Partner closely with Engineering and Design to deliver delightful, performant, and compliant solutions
- Collaborate with Finance, Risk, and Compliance teams to meet regulatory and security requirements across payment methods (ACH, virtual cards, check, etc.)
- Work with Sales, Success, and Marketing to support launches, enablement, and product positioning
- Evaluate partner and integration opportunities, especially in embedded finance, expense platforms, and vertical ERPs
- Serve as the internal and external product expert for all things Payments and Expense Management
- Track key metrics and user feedback to iterate, scale, and improve product performance and customer satisfaction
Our take
Accounts payable is a cumbersome side of financial management for the hospitality and restaurant sectors. High volume of deliveries of variable frequencies and size, along with the substantial chance of damage to perishable items, means that keeping track of short-term credit to various sellers is a tricky business. With belts having been drastically tightened across the hospitality sector in recent years, labor-intensive paper invoicing and back-office administration no longer cuts the mustard.
Ottimate's (previously Plate IQ) solution is to effect digital transformation across B2B payments and accounts payable in the hospitality sector. The company’s VendorPay allows customers to make payments directly to over 200,000 vendors straight from their AP platform, thereby streamlining and resolving the late payments issue that’s been growing steadily in the sector over recent years.
Margins in the sector are famously tight, so even the most modest of operational improvements can make substantial gains for hospitality businesses. Indeed, over 30,000 restaurants, hotels and grocery chains across the US are using Ottimate’s platform, including leading brands such as Best Western, Holiday Inn and Foodtown.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
29% employee growth in 12 months
Company
Funding (last 2 of 3 rounds)
Nov 2021
$160m
SERIES B
Mar 2017
$4m
SERIES A
Total funding: $164.5m
Company benefits
- Health & Retirement: We offer comprehensive medical, dental, vision coverage as well as a 401(k)
- Paid Time Off: We offer plenty of vacation and personal time off to give you the time to step away, unwind, and recharge
Company HQ
SoMa, San Francisco, CA
Leadership
Barrett Boston
(CEO)Previously CRO & Executive Officer for TriNet. Before that, they were the President of Americas with TravelClick and Vice President at IBM.
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