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Plate IQ Review

Plate IQ
Our score: 8.8 User satisfaction: 95%

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.

Overview 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.

Overview 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

Since businesses have special business demands, it is only practical they avoid buying an all-encompassing, “perfect” solution. However, it is troublesome to try to discover such application even among popular software systems.
The right thing to undertake is to shortlist the numerous critical factors which necessitate analysis including important features, packages, skill competence of staff members, organizational size, etc. Next, you must follow through the research systematically. Have a look at these Plate IQ reviews and check out the other applications in your shortlist more closely. Such detailed research can make sure you weed out poorly fit apps and buy the system that includes all the benefits you require company requires in sustaining growth.

Position of Plate IQ in our main categories:

TOP 20

Plate IQ is one of the top 20 Restaurant Management Software products

If you are considering Plate IQ it could also be sensible to analyze other subcategories of Restaurant Management Software collected in our database of B2B software reviews.

Companies have unique wants and requirements and no software platform can be ideal in such a situation. It is pointless to try to find an ideal out-of-the-box software system that fulfills all your business wants. The intelligent thing to do would be to modify the application for your unique wants, worker skill levels, finances, and other factors. For these reasons, do not hasten and invest in well-publicized trendy systems. Though these may be widely used, they may not be the perfect fit for your particular needs. Do your homework, check out each short-listed platform in detail, read a few Plate IQ Restaurant Management Software reviews, contact the seller for clarifications, and finally choose the product that presents what you need.

How Much Does Plate IQ Cost?

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 Restaurant Management Software it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and Plate IQ reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with Plate IQ. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.

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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?

  • email
  • phone
  • live support
  • training
  • tickets

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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.

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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Reviewed By Nestor Gilbert
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