The basics:

Plate IQ, founded in 2014, automates accounts payable operations. The software replaces manual data entry by digitizing your invoices — down to the line item. Next, it assigns each item proper codes, syncs the information to your accounting software, and provides purchasing analytics. Other features offered are one-click bill pay, inventory management, and cloud-based data storage. Plate IQ integrates with preexisting inventory and accounting software, and identifies discrepancies in ordering to discuss with vendors.

From the BOH TipJar:

Plate IQ's software automatically lets you know about missing invoices or price discrepancies when spotted. Users can then choose to follow up and contact the vendor — from the same screen, a time saving feature — or dismiss the alert. With this level of automation, restaurant operators need not worry about losing money frivolously in the ordering realm.

In their own words:

Plate IQ was developed to meet the needs of the restaurant industry. With tons of chicken-scratched, tomato-stained invoices and overstretched staff — and with everything from cleaning supplies to fresh produce showing up on the same invoice — our founders realized restaurants had a problem to solve. We're on a mission to make life a little easier for anyone eager to spend less time on AP and more time growing their business.