Plate IQ
Foodservice procurement and inventory management
Ranked #5 in Accounts payable software for restaurants, and on 2 more rankings.
Plate IQ streamlines purchasing, procurement, and inventory management for restaurants. It provides supplier management, recipe costing, and spending analytics to optimise foodservice spending.
At a glance
| Price from | Custom |
| Best for | Restaurants and multi-unit operators seeking to optimise procurement and supplier relationships |
From Plate IQ's own website.
Company facts
| Social profiles | LinkedIn, X, Facebook, Instagram |
Facilities and features
Its website also mentions:
- API
- Integrations
- Mobile app
What stands out
The product scans invoices from multiple formats with ninety-eight percent accuracy.
“Ottimate scans your invoices from multiple formats, interpreting header, footer, and line item detail with 98% accuracy even if it’s handwritten”Plate IQ, own website
Plate IQ directly pays vendors via preferred methods through a central platform.
“Integrated into approval workflows, Ottimate directly pays your vendors from a central platform via the preferred payment method of choice. Learn About Vendor Pay Catch Cost Discrepancies”Plate IQ, own website
Worth knowing
- Requires active supplier participation and integration to maximise benefit
- Can have a steep learning curve for smaller operations unfamiliar with detailed procurement management
How it ranks
Plate IQ is ranked 5th of 10 in Accounts payable software for restaurants (Lister Score 88.0), 6th of 10 in Best accounts payable software (Lister Score 88.0) and 8th of 10 in Accounts payable software with QuickBooks integration (Lister Score 88.0).
#5 in Accounts payable software for restaurants · Lister Score 88.0
Plate IQ is an AI-powered accounts payable automation platform. It captures invoice details with high accuracy across various formats.
Scans invoices from multiple formats with ninety-eight percent accuracy.
How the score is made up: fit to this ranking's criteria 40; evidence on its own site 20; how complete its published information is 16; buying information on its own site 12.
“Ottimate is AP automation AI that provides a smarter way for AP managers, approvers, controllers and CFOs to work through the entire invoice lifecycle.”Plate IQ, own website
“Ottimate started as an AP automation solution dedicated to the restaurant industry in 2014 under the name Plate IQ, doing what no other AP automation software could do: capture important line item detail.”Plate IQ, own website
| Rank | Accounts payable software for restaurants | Score |
|---|---|---|
| 1 | Instant Books | 96.0 |
| 2 | Cleo Pay | 94.0 |
| 3 | MarketMan | 94.0 |
| 4 | MarginEdge | 90.0 |
| 5 | Plate IQ | 88.0 |
| 6 | VauPrime | 86.0 |
| 7 | Restaurant365 | 84.0 |
| 8 | xtraCHEF | 84.0 |
| 9 | Accurate Indonesia | 82.0 |
| 10 | Aliaddo | 82.0 |
#6 in Best accounts payable software · Lister Score 88.0
Plate IQ is an AI-powered accounts payable automation platform. It captures invoice details with high accuracy across various formats.
Scans invoices from multiple formats with ninety-eight percent accuracy.
How the score is made up: fit to this ranking's criteria 40; evidence on its own site 20; how complete its published information is 16; buying information on its own site 12.
“Ottimate started as an AP automation solution dedicated to the restaurant industry in 2014 under the name Plate IQ, doing what no other AP automation software could do: capture important line item detail.”Plate IQ, own website
| Rank | Best accounts payable software | Score |
|---|---|---|
| 1 | Bill.com | 94.0 |
| 2 | Melio | 94.0 |
| 3 | Tipalti | 94.0 |
| 4 | SAP Concur | 90.0 |
| 5 | Medius | 88.0 |
| 6 | Plate IQ | 88.0 |
| 7 | Vic.ai | 88.0 |
| 8 | AvidXchange | 84.0 |
| 9 | Airbase | 76.0 |
| 10 | Ramp | 76.0 |
#8 in Accounts payable software with QuickBooks integration · Lister Score 88.0
Plate IQ is an AI-powered accounts payable automation platform. It captures invoice details with high accuracy across various formats.
Scans invoices from multiple formats with ninety-eight percent accuracy.
How the score is made up: fit to this ranking's criteria 40; evidence on its own site 20; how complete its published information is 16; buying information on its own site 12.
“Ottimate is AP automation AI that provides a smarter way for AP managers, approvers, controllers and CFOs to work through the entire invoice lifecycle.”Plate IQ, own website
“Integrations MegaMenu Integrations Integrations QuickBooks Automate your AP process with our QuickBooks API integration.”Plate IQ, own website
| Rank | Accounts payable software with QuickBooks integration | Score |
|---|---|---|
| 1 | Datamolino | 98.0 |
| 2 | Cleo Pay | 96.0 |
| 3 | Lightyear Automated Accounts Payable | 96.0 |
| 4 | Melio | 94.0 |
| 5 | Tipalti | 94.0 |
| 6 | Bill.com | 92.0 |
| 7 | Yooz | 90.0 |
| 8 | Plate IQ | 88.0 |
| 9 | AvidXchange | 84.0 |
| 10 | Ramp | 76.0 |
Frequently asked questions
How does Plate IQ rank on Lister?
Plate IQ is ranked 5th of 10 in Accounts payable software for restaurants (Lister Score 88.0), 6th of 10 in Best accounts payable software (Lister Score 88.0) and 8th of 10 in Accounts payable software with QuickBooks integration (Lister Score 88.0).