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Invoice Organization Made Easy: This Cloud-Based Solution Was Created in 2 Weeks Plate iQ is helping a restaurant chain turns mountains of invoices into a more efficient operation.

By Matt Villano

This story appears in the January 2016 issue of Entrepreneur. Subscribe »

Michael Browning |

Invoices are a necessary evil, and when you're running a restaurant group and sourcing provisions from dozens of purveyors, the paper stacks up quickly. David Silverglide, co-founder and CEO of Good Food Guys, a San Francisco-based company with 10 eateries in three California cities, was acutely familiar with this problem, fielding a whopping 700 invoices per week, each of which had to be input manually into his accounting software. "We were spending a ton on FedExing invoices to headquarters and man hours to process them," he says. "Something had to change."

The Fix

Silverglide sat down to hear local entrepreneur Bhavuk Kaul's pitch about his new email-automation technology. Silverglide listened, then told Kaul what he really needed was technology to solve his invoice overload. Two weeks later, Kaul returned with a cloud-based cost-management solution he later named Plate iQ.

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