Plate IQ

Plate IQ is an automated accounts payable software that replaces manual data entry by digitizing your invoices down to the line item, automatically assigning them your proper GL codes, syncing the information to your accounting software, and providing analytics around purchasing.

Languages supported: English

9.4/10 (Expert Score) ★★★★★
Product is rated as #17 in category AP Automation Software
Ease of use
9.3
Support
9.4
Ease of Setup
9.7

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Plate IQ puts your clients’ needs first with an AP automation platform that supports their custom workflow needs and provides critical business insights

Benefits:

– Pay Invoices Online
Plate IQ empowers you to schedule and pay your invoices effortlessly via ACH, check and virtual cards, right from the Plate IQ platform

– Truly Scalable Approval Policies For Your Clients
With unlimited seats, you can add as many approvers as you need to your client’s approval workflows. Create as many custom approval rules as you like that leverage every data field in your invoices.

– Find (And Tell) The Story In Your Customer’s Spend
Plate IQ extracts and digitizes invoices down to the line-item, allowing you to drill down into your client’s spending by GL account, category, line item, time period, and more. Offer actionable insights to your clients on sources of changing costs.

– Earn Cash Back On Payments With vCards
Tired of sending checks or ACH payments? Pay with Plate IQ virtual cards (vCards) and earn up to 1% cash back.

– Automated Invoice Processing That Learns Your Workflow
Set up your workflow and mappings once. Plate IQ learns your processes and takes over from there so you never have to manually code another GL item twice.

– Paper-less Integrations With Vendors
Tired of manually scanning invoices? Directly integrate with vendors and pull invoices into your AP workflow automatically

Features

– Invoice Management- Invoice processing is tedious. Plate IQ’s machine learning learns your workflow to process invoices just the way you want.

– Bill Pay- Earn up to 1% cash back. Schedule payments with checks, ACH, and Plate IQ virtual cards.

– Insights- Discover new savings opportunities with granular data right from your invoices.

– Spend Management- Proactively control spend by issuing Plate IQ cards and linking external cards.

Plate IQ
Plate IQ

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Customer Reviews

Plate IQ Reviews

Mike J.

Advanced user of Plate IQ
★★★★★
Saves us so much time to automate invoice reviews.

What do you like best?

The process of invoice automation, statement checker, and multiple ways to upload invoices is wonderful. We have chefs that do not necessarily need to access and login information for the PlateIQ interface; this makes it easier for almost anyone to be able to upload invoices to PlateIQ. Having the batch email upload is also a great addition. Also, if a PDF contains multiple invoices as separate pages, PlateIQ automatically detects that and separates it as individual invoices. The price discrepancy is also a nice feature, but only if they are linked to the correct items.

What do you dislike?

Sometimes it does not detect the user scratch marks and/or errors. Having myself check each invoices to make sure there aren't any items that were substituted, removed, or added manually, can be time-consuming over time. Selecting 'all' invoices will only select the first 30, unless you scroll down until the page loads more invoices.

Recommendations to others considering the product:

If you have been manually processing invoices, typing out the date, invoice number, totals, etc. this product is for you. The amount of features that are small yet so convenient is fantastic. Batch uploads, merging invoices, and the statement checker feature are great additions.

What problems are you solving with the product? What benefits have you realized?

The number of invoices that we're able to process at a much faster pace. Statement checking is a fantastic feature and saves us time to check individual invoices manually.

Review source: G2.com

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