Young but quite robust.
Our backend system is called Jonas. It is archaic.
I have fully replaced all AP functionality with PiQ as the new system of record.
I simply …
Overview
What is Plate IQ?
Plate IQ is an automated accounts payable platform.
Recent Reviews
Reviewer Pros & Cons
Pricing
Entry-level set up fee?
- No setup fee
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting / Integration Services
Would you like us to let the vendor know that you want pricing?
4 people also want pricing
Alternatives Pricing
What is Tipalti?
Tipalti is a cloud-based platform that enables mass payment management and execution to networked partners (e.g. affiliates, suppliers, vendors, crowdsource, freelancers, and content publishers) across international borders. Payment can be in any local currency, through a variety of methods (e.g.…
What is Webexpenses?
Webexpenses is a global provider of online expense management software to businesses of all sizes across 70+ countries. The software is used across all industries, including retail, finance, technology, construction, and not for profit. Features of the Webexpenses desktop and mobile app include…
Product Details
- About
- Competitors
- Tech Details
- FAQs
What is Plate IQ?
Plate IQ provides an automated AP software which replaces manual data entry by digitizing invoices down to the line item, and automatically assigns them to the proper GL codes, and syncing the information into an accounting software.
Plate IQ also offers one-click bill pay, advanced approval workflows, expense management, and cloud-based data storage.
Plate IQ Video
Watch Product Introduction
Plate IQ Competitors
- BILL
- Sage Intacct
- SAP Concur
Plate IQ Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Unspecified |
| Mobile Application | No |
Frequently Asked Questions
Plate IQ is an automated accounts payable platform.
BILL and Sage Intacct are common alternatives for Plate IQ.
Reviewers rate Electronic Funds Transfer highest, with a score of 6.1.
The most common users of Plate IQ are from Mid-sized Companies (51-1,000 employees).
Comparisons
Compare with
Reviews and Ratings
(3)Attribute Ratings
Reviews
(1-3 of 3)Companies can't remove reviews or game the system. Here's why
May 12, 2023
Young but quite robust.
Score 9 out of 10
Vetted Review
Verified User
Our backend system is called Jonas. It is archaic.
I have fully replaced all AP functionality with PiQ as the new system of record.
I simply do a monthly journal from PiQ of Invoices and payments from PiQ to Jonas (1/2 hour typically).
PiQ does the following for us (that we didn't have):
Outsourced payment execution.
Vendor document DMS.
Future payment scheduling.
Approval audit trails, and approval rules enforcement.
Product pricing by SKU history.
- Payments; ACH, VCard and check. Domestic only however
- SKU tracking (the AI part that works reasonably well)
- Invoice Processing Automation (Think Bill.com on steroids)
- 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.
- Tracking spend by vendor and account.
- Tracking sku costs (including imported from external systems)
- Executing payments.
66.66666666666667%
6.7
80%
8.0
- This is worth about 1 person-year of book-keeping. It permits us to do things we were not doing.
- It provides for functional transferability; in our prior system a vacation meant vendors didn't get paid.
- It is pretty easy for line managers to use. This increases institutional visibility.
- The Spend function (virtual credit cards) also saves time....that we didn't have. Perhaps 2-3 person-weeks per year.
No: The basic support has been more than adequate.
Yes
Yes. I totally forget what the issue was. It got resolved that quickly.
A feature marks any invoice from a given vendor as "paid".
This did not work for one vendor. It was a "ghost" error (the DB flagged it as paid, so issue was some sort of corruption in the data).
Engineering fixed it within a week.
April 20, 2023
Beware, Plate IQ will steal the food off of your plate if you decide to cancel your service!
Score 1 out of 10
Vetted Review
Verified User
We use Plate IQ to automate the coding for all of our invoices for 5 restaurant locations. This technology was helpful in reducing the amount of time our operations leaders had to spend coding invoices on a weekly basis. Overall, I would guess our GM's and Chef's would save 1 hour per week by using Plate IQ.
- Coding and processing invoices.
- Identifying price increases and alerting us about them.
- Bill pay
- 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
10%
1.0
10%
1.0
- 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.
- BILL
We like the automated coding that Plate IQ provides vs. bill.com. It also helped that all of our locations could be viewed on the same dashboard. When you have five separate business all being managed by the same team, it's important to have dashboard functionality across all locations so you don't have to login and out for each business.
We use Plate IQ to receive, approve, and pay all invoices. Before Plate IQ, we had Physical invoices delivered in person or by mail, and the process was much more time-consuming and error-prone.
- OCR
- Workflow
- Support
- EDI options could increase.
- BIll pay module could be improved.
- Some support issues could be addressed sooner.
- OCR
- Approvals
- Billpay
- 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.
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.