|[October 13, 2021]|
Plate IQ, a leading provider of invoice and bill pay automation for the hospitality industry, today announced that it has achieved “Built for NetSuite” status. The new SuiteApp, built using the Oracle (News – Alert) NetSuite SuiteCloud Platform, helps organizations simplify and automate their accounts payable – from upload to bill pay.
“The restaurant industry has been through many challenges over the past 18 months, and our goal is to make life a little easier for them,” said Bhavuk Kaul, CEO of Plate IQ. “By combining the automation capabilities of NetSuite (News – Alert) with our technology, we can help improve the invoicing process for hospitality organizations so they can spend less time on AP and more time growing their business.”
Plate IQ’s invoice digitization gathers data directly from hundreds of vendors via electronic data interchange (EDI) as well as by digitizing paper and PDF invoices using optical character recognition (OCR). Restaurants can also pay vendors through Plate IQ and push correctly-journaled payments into NetSuite.
“With remote workflows becoming increasingly dominant in the accounting and bookkeeping world, firms need new tools to minimize the physical handling of invoices, receipts, and other financial documents,” said Guido Haarmans, vice president, SuiteCloud Developer Network and Partner Programs, Oracle NetSuite. “This new SuiteApp extends NetSuite’s robust solution for accounts payable automation specifically for the restaurant and hospitality industry.”
Built for NetSuite is a program for NetSuite SuiteCloud Developer Network (SDN) partners that provides partners with the information, resources, and methodology required to help them verify that their appications and integrations meet NetSuite standards and best practices. The Built for NetSuite program is designed to give NetSuite customers additional confidence that SuiteApps, like Plate IQ, have been built to meet these standards.
For information about Built for NetSuite SuiteApps, please visit www.netsuite.com/BuiltforNetSuite. For more information about the integrated solution, please visit www.suiteapp.com.
Oracle NetSuite’s SuiteCloud platform is a comprehensive offering of cloud-based products, development tools and services designed to help customers and commercial software developers take advantage of the significant economic benefits of cloud computing. Based on NetSuite, the industry’s leading provider of cloud-based financials / ERP software suites, SuiteCloud enables customers to run their core business operations in the cloud, and software developers to target new markets quickly with newly-created, mission-critical applications built to extend the power of NetSuite.
The SuiteCloud Developer Network (SDN) is a comprehensive developer program for independent software vendors (ISVs) who build apps for SuiteCloud. All available and approved SuiteApps are listed on SuiteApp.com, a single-source online marketplace where NetSuite customers can find applications to meet specific business process or industry-specific needs. For more information on SuiteCloud and the SDN program, please visit https://www.netsuite.com/portal/developers/overview.shtml.
About Plate IQ
Plate IQ helps businesses automate accounts payables on their terms. We simplify everything from invoice management to payments for both recurring and one-time expenses with a cloud-first approach that enables remote work.
Plate IQ was founded in 2014, graduated Y Combinator in the summer of 2015, and has since processed more than $10 billion worth of invoices and more than $1 billion in direct vendor payments, serving more than 15,000 customers across hospitality, manufacturing, retail, and more.
For more information, please visit www.plateiq.com.
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