Plate IQ
AP Automation and Spend Management for Hospitality
Overview
Plate IQ is an AP automation and spend management platform built for the hospitality industry. It automates the entire invoice lifecycle, from capture and coding to approvals and payment. While its core focus is on accounts payable, it provides valuable insights into food costs by digitizing line-item data from invoices, which can be used for spend analysis and inventory management.
✨ Key Features
- Automated Invoice Processing
- Line-item Invoice Data Extraction
- One-click Bill Pay
- Spend Management & Analytics
- Food Costing Insights
- Multi-location AP Management
🎯 Key Differentiators
- Deep expertise in the hospitality industry.
- Highly accurate line-item data extraction from invoices.
- Broad integrations with accounting and restaurant management systems.
Unique Value: Automates the entire accounts payable process for restaurants, saving significant time and providing detailed, line-item-level insights into spending to better control food costs.
🎯 Use Cases (5)
✅ Best For
- AP automation for restaurant groups and hospitality businesses.
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Businesses looking for a primary recipe costing or inventory management tool.
🏆 Alternatives
Provides more hospitality-specific features and deeper line-item detail from invoices compared to general AP automation platforms.
💻 Platforms
🔌 Integrations
🛟 Support Options
- ✓ Email Support
- ✓ Live Chat
- ✓ Phone Support
- ✓ Dedicated Support (All tier)
🔒 Compliance & Security
💰 Pricing
🔄 Similar Tools in Food Cost Calculator
MarketMan
Cloud-based inventory and vendor management system designed for restaurants to control costs and str...
Craftable
A comprehensive suite of management tools for the hospitality industry, focusing on inventory, purch...
Apicbase
An end-to-end Food & Beverage Management Platform for multi-site restaurants, hotels, and large-scal...
CrunchTime
A comprehensive restaurant management platform for multi-unit operators, focusing on inventory, staf...
Yellow Dog Inventory
A back-office inventory system for retail and food & beverage operations within the hospitality indu...
WISK
An AI-powered platform for bar and restaurant management, offering analytics, recipe costing, orderi...