With Plate IQ, businesses can streamline their accounts payable process by automating invoice data entry and eliminating manual data entry errors. The software uses optical character recognition (OCR) technology to extract data from invoices, such as vendor name, invoice number, and line item details.

Once the data is extracted, Plate IQ automatically matches invoices to purchase orders and receipts, ensuring accuracy and reducing the need for manual intervention. The software also provides advanced approval workflows, allowing businesses to set up custom approval hierarchies and automate the approval process.

Plate IQ offers one-click bill pay, allowing businesses to pay their bills directly from the platform. The software integrates with various payment gateways, making it easy to process payments securely and efficiently.

In addition to accounts payable automation, Plate IQ also offers expense management features. Businesses can track and categorize expenses, capture receipts using mobile devices, and generate expense reports.

Plate IQ provides cloud-based data storage, allowing businesses to store and access their invoices, receipts, and other financial documents securely. The platform also offers collaboration features, enabling teams to work together remotely and across multiple time zones.

Overall, It helps businesses streamline their accounts payable process, reduce manual data entry, improve accuracy, and automate approval workflows. The software also offers expense management and cloud-based data storage, making it a comprehensive solution for financial management.

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