Plate IQ vs. Ramp

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Plate IQ
Score 5.5 out of 10
N/A
Plate IQ is an automated accounts payable platform.N/A
Ramp
Score 9.3 out of 10
N/A
Ramp is a corporate card and spend management solution that helps companies of all sizes to accelerate growth without compromising on their finances. Boasting best in class user experience and a direct integration with the user's accounting solutions, the vendor states Ramp helps finance teams save 1-2 days a week tracking expenses, following up with employees, and closing their books. With Ramp, companies have real time visibility into spending, automated expense reporting, and advanced…N/A
Pricing
Plate IQRamp
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Plate IQRamp
Free Trial
NoNo
Free/Freemium Version
NoYes
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsConact vendor for pricing information.Ramp is 100% free.
More Pricing Information
Community Pulse
Plate IQRamp
Top Pros

No answers on this topic

Top Cons
Features
Plate IQRamp
Payment Management
Comparison of Payment Management features of Product A and Product B
Plate IQ
3.0
2 Ratings
66% below category average
Ramp
-
Ratings
Customizable Approval Policies3.22 Ratings00 Ratings
Financial Document Management1.02 Ratings00 Ratings
Payment Status Tracking3.02 Ratings00 Ratings
Payment Audit Trail3.52 Ratings00 Ratings
Duplicate Bill Detection3.22 Ratings00 Ratings
Advanced OCR3.52 Ratings00 Ratings
Electronic Funds Transfer3.22 Ratings00 Ratings
Accounts Payable
Comparison of Accounts Payable features of Product A and Product B
Plate IQ
2.6
2 Ratings
71% below category average
Ramp
-
Ratings
Automated Accounts Payable Processes3.22 Ratings00 Ratings
Vendor Management3.02 Ratings00 Ratings
Tax Form Preparation1.62 Ratings00 Ratings
Best Alternatives
Plate IQRamp
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Square 9 Softworks
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Score 9.7 out of 10
BILL Spend & Expense
BILL Spend & Expense
Score 8.9 out of 10
Medium-sized Companies
Square 9 Softworks
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Score 9.7 out of 10
Lola.com
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Score 8.0 out of 10
Enterprises
Webexpenses
Webexpenses
Score 8.5 out of 10
GEP SMART
GEP SMART
Score 8.5 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Plate IQRamp
Likelihood to Recommend
5.3
(3 ratings)
9.7
(15 ratings)
Support Rating
9.0
(1 ratings)
-
(0 ratings)
User Testimonials
Plate IQRamp
Likelihood to Recommend
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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Ramp Business Corporation
Ramp is great if you want to automate your expenses process. Ramp immediately responds when I (or someone on my behalf) make(s) purchase and I can easily pass receipts and notes live. No more searching for "stuff"!! I spend more time on my job and not worrying about chasing things down or forgetting what was purchased. I charge, I send notes, and I'm done. It's so easy!!! It's incredibly helpful to be able to instantly spin up a virtual card for employees on the go or who have planned expenses. It gets you away from a delayed reimbursement to remote employees and having expenses coded by the employees shortly after they make their purchases.
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Pros
Plate IQ
  • OCR
  • Workflow
  • Support
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Ramp Business Corporation
  • You can forward your receipts to receipts@ramp.com and it will auto-approve.
  • You can easily reverse charges if an employee accidentally places a charge on their work card.
  • You can send employees physical Ramp cards.
  • You can create as many virtual cards as needed.
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Cons
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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Ramp Business Corporation
  • More flexible spend rule requirements that align with the $75 IRS compliance rule for food/travel purchases. Our organization has a $25 compliance threshold for food and travel. It would be helpful if Ramp provided the ability to customize this type of spending requirement for particular categories with respect to receipt requirements.
  • A little more support in implementing a two-entity environment.
  • Increased heads-up on : auto approval of credit card returns.
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Support Rating
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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Ramp Business Corporation
No answers on this topic
Alternatives Considered
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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Ramp Business Corporation
We moved to Ramp from Expensify at our accountant's advice. We went with her advice due to ease of use, ease of Quickbooks sync, ability to send reminders with one click, and more. We are very happy with the decision to switch to Ramp.
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Return on Investment
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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Ramp Business Corporation
  • It has given us the ability to make informed decisions for controlling costs.
  • Increased oversight (mandatory rules) impacts people to be more mindful when spending funds.
  • Setting static limits on cards and being able to monitor with a click of a button.
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ScreenShots

Ramp Screenshots

Screenshot of Screenshot of Screenshot of Slack integrationScreenshot of Vendor ManagementScreenshot of Automated savings insights