NexusPayables vs. Plate IQ

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
NexusPayables
Score 7.4 out of 10
N/A
NexusPayables is accounts payable automation software from Nexus Systems. It includes on-site purchasing, POs, approval workflows, invoice data capture, budgets and actuals, vendor compliance, reporting, and it integrates with the user's GL accounting system.N/A
Plate IQ
Score 8.5 out of 10
N/A
Plate IQ is an automated accounts payable platform.N/A
Pricing
NexusPayablesPlate IQ
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
NexusPayablesPlate IQ
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeOptionalNo setup fee
Additional DetailsConact vendor for pricing information.
More Pricing Information
Community Pulse
NexusPayablesPlate IQ
Top Cons
Features
NexusPayablesPlate IQ
Payment Management
Comparison of Payment Management features of Product A and Product B
NexusPayables
-
Ratings
Plate IQ
8.0
1 Ratings
29% above category average
Customizable Approval Policies00 Ratings9.01 Ratings
Financial Document Management00 Ratings1.01 Ratings
Payment Status Tracking00 Ratings8.01 Ratings
Payment Audit Trail00 Ratings10.01 Ratings
Duplicate Bill Detection00 Ratings9.01 Ratings
Advanced OCR00 Ratings10.01 Ratings
Electronic Funds Transfer00 Ratings9.01 Ratings
Accounts Payable
Comparison of Accounts Payable features of Product A and Product B
NexusPayables
-
Ratings
Plate IQ
6.7
1 Ratings
22% above category average
Automated Accounts Payable Processes00 Ratings9.01 Ratings
Vendor Management00 Ratings8.01 Ratings
Tax Form Preparation00 Ratings3.01 Ratings
Best Alternatives
NexusPayablesPlate IQ
Small Businesses
Sage Intacct
Sage Intacct
Score 8.8 out of 10
Sage Intacct
Sage Intacct
Score 8.8 out of 10
Medium-sized Companies
Esker
Esker
Score 8.6 out of 10
Esker
Esker
Score 8.6 out of 10
Enterprises
Webexpenses
Webexpenses
Score 8.7 out of 10
Webexpenses
Webexpenses
Score 8.7 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
NexusPayablesPlate IQ
Likelihood to Recommend
5.0
(1 ratings)
8.5
(2 ratings)
Support Rating
6.0
(2 ratings)
9.0
(1 ratings)
User Testimonials
NexusPayablesPlate IQ
Likelihood to Recommend
Nexus Systems
NexusPayables is well suited for your invoice tracking and payments, especially for medium to large businesses. I would not recommend for smaller companies because I don't see the value for them. Once trained, the system is useful. However, the user interface is confusing without proper training and is not user-friendly. I highly suggest businesses invest in a specific set of people to be trained so that they can teach others to use the program.
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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
Nexus Systems
  • Invoice Tracking
  • Invoice review
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Plate IQ
  • OCR
  • Workflow
  • Support
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Cons
Nexus Systems
  • Not very user-friendly
  • Not intuitive
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Plate IQ
  • Non-invoice document management still lacking.
  • Merging multiple pages into one invoice is an art (and often not possible). Requires very significant manual intervention.
  • Does not have 1099 tracking (in theory my ERP does this....but I keep my vendors in PiQ.
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Support Rating
Nexus Systems
NexusPayables FAQ and Help sections are not extraordinarily helpful. They will answer some questions, but most often, I have to bother my accounting co-workers because of the way the system is set up NexusPayables themselves can't help me most of the time. They tell me to refer to the program administrator.
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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
Nexus Systems
Our company uses both at the moment, and I find that Concur Invoice is a much more user-friendly interface that is easy to use, easy to navigate, and extremely efficient. Unfortunately, we only use Concur Invoice for personal expenses and company credit card reconciliations at the moment, which is why we use NexusPayables for vendors.
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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
Nexus Systems
  • Tracking of income
  • Tracking of profit
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Plate IQ
  • We were able to thin staff and keep the same performance.
  • Accounts payable takes much less time than it used to.
  • I would say the overall ROI was almost immediate for us as we were able to thin staff and do the same amount of work.
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