Plate IQ Announces Integration with Square for Restaurants
15 5월 2018 - 10:00PM
Plate IQ, a technology company that helps restaurants improve and
automate their Accounts Payable (AP) processes, today announced its
integration with Square for Restaurants, the new fully integrated
point of sale (POS) solution from Square, Inc. (NYSE:SQ)
tailor-made to match the pace, complexity, and needs of today’s
restaurants. Beginning immediately, Plate IQ's Daily Sales
software allows restaurants to automatically input guest payment
data from Square for Restaurants into many existing accounting
software platforms and create valuable summaries of daily
transactions, alleviating the typical manual-entry demands placed
on general managers.
Specifically, the integration allows restaurant operators
to:
- Automatically attribute daily sales to the correct general
ledger account for more accurate and detailed bookkeeping.
- Review revenue from multiple locations on a
single screen, without having to rely on general managers to
input data.
- Fully integrate sales data with Plate IQ's full suite of
software, including its AP automation features, to access real-time
sales and purchase reporting that empowers restaurateurs to
estimate their cost of goods sold.
"As every operator knows, too many processes in the restaurant
industry still rely on paper, pencil and manual data entry. In
addition to creating room for error, these outdated practices place
burden on already busy managers," said Bhavuk Kaul, co-founder
and CEO of Plate IQ. "Plate IQ's integration with Square for
Restaurants gives owners and operators access to last night's sales
accurately accounted for, automatically, by morning."
Plate IQ solutions are specifically designed to help restaurants
optimize their operations, unlock actionable expense data and
reduce costs. Plate IQ Daily Sales integrates with existing
accounting software including QuickBooks™ Online, Sage Intacct® and
Xero™, and the company plans to announce integrations with other
third-party accounting platforms soon.
Square for Restaurants is a cloud-based POS system that handles
everything from menu updates, floor layouts, employee scheduling
and performance tracking to tip-splitting, enabling complete front-
and back-of-house management. Square for Restaurants works
seamlessly with the rest of the company’s ecosystem, including its
Caviar ordering and delivery service.
Plate IQ will display its full suite of solutions including its
integration with Square at the National Restaurant Association Show
at McCormick Place in Chicago, June 19-22, in booth #6379.
About Plate IQBhavuk Kaul and Ram Jayaraman
founded Plate IQ in 2014 after learning how painful and
expensive it was for restaurants to manually process paper
invoices. Today, Plate IQ offers a full suite of
accounts payable automation solutions, and has processed more than
$1.5 billion worth of invoices.
Plate IQ investors include 500 Startups, Bodley Group, Eilses
Capital, Initialized, Iona Capital, Tamares and Y
Combinator. For more information,
visit www.plateiq.com
Media Contact:Tim Streeb,
ICR646.677.1800tim.streeb@icrinc.com
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