Esker vs. Plate IQ

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Esker
Score 8.9 out of 10
N/A
Esker is a global cloud platform built to unlock strategic value for finance and customer service professionals and strengthen collaboration between companies by automating the cash conversion cycle. Esker’s mission is to build a foundation that promotes positive-sum growth, increased productivity, improved employee engagement, and greater trust between organizations.N/A
Plate IQ
Score 5.5 out of 10
N/A
Plate IQ is an automated accounts payable platform.N/A
Pricing
EskerPlate IQ
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
EskerPlate IQ
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsConact vendor for pricing information.
More Pricing Information
Community Pulse
EskerPlate IQ
Top Pros

No answers on this topic

Top Cons
Features
EskerPlate IQ
Payment Management
Comparison of Payment Management features of Product A and Product B
Esker
-
Ratings
Plate IQ
3.0
2 Ratings
66% below category average
Customizable Approval Policies00 Ratings3.32 Ratings
Financial Document Management00 Ratings1.02 Ratings
Payment Status Tracking00 Ratings3.02 Ratings
Payment Audit Trail00 Ratings3.62 Ratings
Duplicate Bill Detection00 Ratings3.32 Ratings
Advanced OCR00 Ratings3.62 Ratings
Electronic Funds Transfer00 Ratings3.32 Ratings
Accounts Payable
Comparison of Accounts Payable features of Product A and Product B
Esker
-
Ratings
Plate IQ
2.6
2 Ratings
71% below category average
Automated Accounts Payable Processes00 Ratings3.32 Ratings
Vendor Management00 Ratings3.02 Ratings
Tax Form Preparation00 Ratings1.62 Ratings
Best Alternatives
EskerPlate IQ
Small Businesses
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Score 9.7 out of 10
Square 9 Softworks
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Score 9.7 out of 10
Medium-sized Companies
MSB Docs
MSB Docs
Score 9.7 out of 10
Square 9 Softworks
Square 9 Softworks
Score 9.7 out of 10
Enterprises
M‑Files
M‑Files
Score 9.2 out of 10
Webexpenses
Webexpenses
Score 8.5 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
EskerPlate IQ
Likelihood to Recommend
10.0
(17 ratings)
5.3
(3 ratings)
Usability
5.5
(2 ratings)
-
(0 ratings)
Support Rating
8.9
(10 ratings)
9.0
(1 ratings)
User Testimonials
EskerPlate IQ
Likelihood to Recommend
Esker
Esker On Demand is great for Sales Order Processing order creation. We use it with web services. It can make table read calls, test order creations (simulate order), and help with order creation. They are also working on change order management, but if you have multiple order entry methods or touch points, this feature may not be usable for your company.
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Plate IQ
It is well targeted at restaurants and similar service organizations with complex COGS. It dovetails well with complementary systems like FinTech payments. It wasn't designed by accountants, so there is a bit of roughness. Reporting is very limited: would like to see some SQL / build your own report functionality. Lookups are reasonably robust (filter for amount, time, vendor, etc). It is occasionally unstable but recovers gracefully. From our use case, it would be preferable to have the user approving the invoice ALSO have the ability to attach documents. This is left to the payment approver, who in our case is the "check signer".
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Pros
Esker
  • Esker makes automated invoice sending very easy
  • Esker tracks the sending of documents & records whether or not the message was successful
  • Esker offers various reports that can be very helpful
  • Esker stores all of our customers' contact info on the cloud, and it can be accessed from anywhere
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Plate IQ
  • OCR
  • Workflow
  • Support
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Cons
Esker
  • We can't enter credit memos in Esker. Need to enter in SAP and then link.
  • PO invoices that were trained to go into the PO bucket, route into the non-PO buckets.
  • Freight invoices that have had hundreds going into the non-PO bucket have a tendency to route to the PO-bucket because a PO number is referenced on page 7.
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Plate IQ
  • Provide better analytics in terms of cost increases per item.
  • Provide the ability to create recipes and forward price increases to those recipes for accurate food cost projections.
  • Free Bill Pay
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Usability
Esker
Esker does everything that it promises to do, but it is very hard to figure out. I am a very tech-savvy person, but I needed extensive training to be able to use the basic functions of Esker. Once you know what you're doing, it's not too hard, but I don't understand why they couldn't make it easier to use.
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Plate IQ
No answers on this topic
Support Rating
Esker
They have been very helpful and the online support site is awesome. They keep the site up to date with the latest changes and present challenges to keep learning the new updates to keep things entertaining. They are overall a great crew to work with
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Plate IQ
They have a dedicated support person for each customer who actually knows the product.
Turnaround is usually within an hour or faster.
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Alternatives Considered
Esker
I have listed a few that we considered but there were many more in the initial assessment, Esker was priced well and had the best user interface. Was really easy to use and the implementation process was well designed. It was a system that could handle a two tiered delegations of authority for project expenditure and operational expenditure.
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Plate IQ
We used DocuWare first; great experience; however, it was not made specifically for restaurant clients like Plate IQ is. Plate IQ does a much better job of recognizing common items, and they've continued to add a function that is important for restaurant owners. Restaurant 365, we felt, was trying to be a complete package of accounting/AP/AR/inventory. After looking at each piece, we didn't feel that each of them was as strong as the other.
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Return on Investment
Esker
  • We now have reporting available down to the individual field level (changes, errors, etc) and can calculate cost to serve.
  • It replaced on-premise hardware with cloud SaaS that is more cost effective and risk adverse.
  • It is more intuitive; we can put new hires on order entry and experience less user errors. As a solution owner who fixes problems and answers questions, I don't find myself having to "think" about Esker and it has become a smaller part of my job now that end-users are more self-sufficient.
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Plate IQ
  • In my opinion, it has had zero impact on ROI now that we are paying for an additional year.
  • Another negative is that we've spent a lot of time discussing this issue with Plate IQ, to no avail. They feel it's appropriate to charge a company for an entire year of service even though said company emailed to cancel prior to the end of the first year of service.
  • We also wasted a lot of time onboarding this company only to find out that the software left a lot to be desired.
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