Plate IQ is changing how $702B hospitality industry operates. We leverage OCR, machine learning, and real-time analytics to automate the back-office & provide pricing transparency to increase profits in what has notoriously been a low-margin industry. With Plate IQ, restaurants pay invoices, track inventory and understand their spend. We can tell in real time, how much a restaurant is spending… · More on a specific item or better yet how much they should charge to make a profit on a dish when prices of ingredient goes up.
We are process over $2BB of restaurant purchases a year, tracking prices for over 1MM different products from over 30K suppliers. We have meaningful revenues and have doubled our customers in the last 4 months.
April 2016—Application to run restaurant back office
With Plate iQ , restaurants can capture Invoice from their Apple iPhone or iPad and can seamlessly sync the invoices with QuickBooks. Users also get access… · More to the Plate iQ dashboard which lets restaurants track their food costs, SKU level price changes, and get access to the invoices in the cloud anytime, anywhere. No longer do you need to keep around stacks of paper invoices or spend all your time data entering invoices into QuickBooks. Automatically get alerted through emails when there are significant price changes to your key ingredients!