Plate IQ Review
What is Plate IQ?
PlateIQ is an innovative accounting solution designed to automate data entry for restaurants. The platform makes restaurant accounting easy by offering automated accounts payable solutions that feature a real-time food costing. It also has an all-in-one interface equipped with tools like menu and food costing, accounting integrations, real-time inventory tracking, automatic price updates, and kitchen management. With this at your disposal, you can optimize your restaurant operations with ease.
Moreover, Plate IQ offers a reporting and spend analysis feature that can provide you with a deeper insight into your expenses. This is also handy for entrepreneurs who are particular about tracking their spending as it can be filtered and analyzed depending on how you wish to look at your expenditures.
Another thing that makes Plate IQ an excellent addition to your collection of business systems is that it integrates perfectly with a number of third-party applications. This means, you will be able to merge this with your existing accounting software for easier data importation. The entire platform and its features are also fully compatible with mobile devices, making it easy for you to work on the go.
Show MoreOverview of Plate IQ Benefits
Plate IQ is highly regarded by restaurant managers because of its excellence in replacing manual entry of data by digitizing invoices. It exhibits great capabilities in assigning each line item to its proper GL code and syncs this information to your accounting software for a comprehensive analytic around purchasing. On top of those, some of the benefits it offers include:
Unified, Easily Accessible Database
The platform features powerful costing and inventory management tools that help you to store all pricing and product in the database for automatic inventory tracking and price updates. There are also incredible accounts payable features that capture digitized invoices line by line and store the data in cloud for convenient referencing. This feature makes it possible to code a line item to the appropriate category and automating the process whenever that item is ordered again.
Simplified Price Tracking
With the plate IQ POS, you will be able to track price changes right from the dashboard before making any key purchase. You will conveniently compare pricing for different locations and track the spending by category.
Menu Costing Made Easy
The recipe/menu costing feature will intriguingly help you get a deeper insight into the ROI of menu items thereby enabling you to determine the cost of each dish at the restaurant. The bill pay feature sync all payments to your general ledger for easier reconciliation and reporting. It also helps you to pay all your vendors via this digital platform.
Show MoreOverview of Plate IQ Features
- Kitchen management
- Real-time food costing
- Expense report processing
- Menu management
- Automated accounts
- Reporting
- Automatically digitize invoice
- Price tracking
- Spend analysis
- Real-time inventory tracking
- General ledger coding
- Spend analysis
- Price tracking
- Menu-level cost insights
- Mobile App
- Dashboard
- Automatic price update
- Bill pay and reconciliation
- Payment sync to general ledger
- Price alerts for hot list
- View price variations
- Accounting integration
What Problems Will Plate IQ Solve?
Problem #1: Tedious Invoice Processing
Processing an invoice can be quite time-consuming. It requires you to type every line item, map it to the GL code, get it approved, and have the paper checks sent by mail. With Plate IQ, you can simply automate the entire process and cut down the time you spend on these administrative tasks. All you have to do is scan the invoice and send it to your email ID in plate IQ, and you’re good to go. This way, you and your staff members can free up your time to work on more attention demanding responsibilities.
Problem #2: Difficulty Monitoring Price Fluctuations
Having been in the food service industry for a long time, you know how difficult it is to keep up with price fluctuations. On top of that, it is also difficult to make sure that your own menu prices are up-to-date and consistent at all times. Using Plate IQ, you can track the biggest variances on your dashboard, taking away the stress of having to manually check market prices as well as update your menu.
Problem #3: Last-Minute Invoices
No matter how diligent you may be in terms of handling your business’ money, sometimes, it is inevitable to pay invoices at the last minute. Avoid having to send these late using Plate IQ’s robust capabilities. With its automation options and invoice processing features, you can handle these payments at lightning speed, print them as paper checks, and mail them without fuss.
Plate IQ Position In Our Categories
Keeping in mind businesses have special business-related demands, it is reasonable that they avoid purchasing an all-encompassing, ”best” software. Just the same, it is troublesome to find such application even among widely used software products. The sensible step to undertake can be to shortlist the various chief functions that necessitate deliberation including essential features, packages, skill competence of staff, organizational size, etc. The second step is, you must perform your product research systematically. Browse through some of these Plate IQ analyses and check out each of the software systems in your shortlist in detail. Such detailed research makes sure you drop poorly fit applications and select the one that provides all the function your business requires.
Position of Plate IQ in our main categories:
TOP
50
Plate IQ is one of the top 50 Restaurant Management Software products
If you are interested in Plate IQ it might also be sensible to check out other subcategories of Restaurant Management Software gathered in our database of B2B software reviews.
It is essential to keep in mind that hardly any app in the Restaurant Management Software category will be a perfect solution that can match all the goals of different business types, sizes and industries. It may be a good idea to read a few Plate IQ Restaurant Management Software reviews first as certain solutions may dominate exclusively in a very small set of applications or be designed with a really specific type of industry in mind. Others can work with an intention of being simple and intuitive and as a result lack advanced functionalities desired by more experienced users. There are also apps that support a large group of users and offer a rich feature base, but this in most cases comes at a more expensive price of such a software. Be certain that you're aware of your requirements so that you pick a service that provides specifically the functionalities you search for.
How Much Does Plate IQ Cost?
Plate IQ Pricing Plans:
Free Trial
Quote-based
Contact Vendor
What are Plate IQ pricing details?
Plate IQ Pricing Plans:
Free Trial
Quote-based
Contact Vendor
Plate IQ’s SMB and enterprise pricing information is available only upon request. Contact the company for more details, and ask for your quote.
User Satisfaction
Positive Social Media Mentions
15
Negative Social Media Mentions
1
We realize that when you make a decision to buy a Restaurant Management Software it’s vital not only to see how professionals score it in their reviews, but also to discover whether the real people and enterprises that use it are genuinely satisfied with the product. Because of that need we’ve designer our behavior-based Customer Satisfaction Algorithm™ that collects customer reviews, comments and Plate IQ reviews across a vast array of social media sites. The data is then presented in a simple to digest format showing how many users had positive and negative experience with Plate IQ. With that information available you should be equipped to make an informed business choice that you won’t regret.
Video
Technical details
Devices Supported
- Windows
- iPhone/iPad
- Mac
- Web-based
Deployment
- Cloud Hosted
Language Support
- English
Pricing Model
- Quote-based
Customer Types
- Small Business
- Large Enterprises
- Medium Business
What Support Does This Vendor Offer?
- phone
- live support
- training
- tickets
What integrations are available for Plate IQ?
Plate IQ integrates with the following business systems and applications:
- Sage
- Quickbooks
- Microsoft Dynamics
- Compeat
- NetSuite
- Fintech
- Restaurant365
- Intacct
- Xero
- ReciProfity
- Toast
- Square
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