STOCK TITAN

International Restaurant Management Group (IRMG) partners with Clip to manage business deposits

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags
partnership

Clip Money (TSXV:CLIP, OTCQB:CLPMF) has partnered with International Restaurant Management Group (IRMG), which operates over 200 restaurants including Starbucks, Burger King, and Popeyes locations. IRMG is currently using Clip's cash management services in over 50 locations with plans for expansion.

The partnership has resulted in approximately 60% monthly savings per location compared to previous cash management solutions. Clip's network allows businesses to make deposits to existing bank accounts via ClipDrop or ClipATM, with next-business-day credit and real-time transparency. The service is currently available in nearly 3,000 US locations across 34 States.

Clip Money (TSXV:CLIP, OTCQB:CLPMF) ha stretto una collaborazione con International Restaurant Management Group (IRMG), che gestisce oltre 200 ristoranti tra cui Starbucks, Burger King e Popeyes. Attualmente, IRMG sta utilizzando i servizi di gestione del denaro di Clip in oltre 50 sedi, con piani di espansione.

Questa partnership ha portato a circa 60% di risparmi mensili per sede rispetto alle precedenti soluzioni di gestione del denaro. La rete di Clip consente alle aziende di effettuare depositi sui conti bancari esistenti tramite ClipDrop o ClipATM, con accredito il giorno lavorativo successivo e trasparenza in tempo reale. Il servizio è attualmente disponibile in quasi 3.000 sedi negli Stati Uniti in 34 Stati.

Clip Money (TSXV:CLIP, OTCQB:CLPMF) se ha asociado con International Restaurant Management Group (IRMG), que opera más de 200 restaurantes, incluidos Starbucks, Burger King y Popeyes. Actualmente, IRMG está utilizando los servicios de gestión de efectivo de Clip en más de 50 ubicaciones, con planes de expansión.

La asociación ha resultado en aproximadamente 60% de ahorro mensual por ubicación en comparación con las soluciones anteriores de gestión de efectivo. La red de Clip permite a las empresas hacer depósitos en cuentas bancarias existentes a través de ClipDrop o ClipATM, con crédito al día siguiente hábil y transparencia en tiempo real. El servicio está disponible actualmente en casi 3,000 ubicaciones en EE. UU. en 34 estados.

Clip Money (TSXV:CLIP, OTCQB:CLPMF)는 International Restaurant Management Group (IRMG)와 협력했습니다. IRMG는 Starbucks, Burger King, Popeyes를 포함하여 200개 이상의 식당을 운영하고 있습니다. IRMG는 현재 Clip의 현금 관리 서비스를 50곳 이상의 지점에서 사용 중이며, 확장을 계획하고 있습니다.

이번 파트너십을 통해 각 지점당 60%의 월간 절약을 달성했습니다. Clip의 네트워크는 기업이 ClipDrop 또는 ClipATM을 통해 기존 은행 계좌에 입금을 할 수 있도록 하며, 다음 영업일에 입금되고 실시간 투명성을 제공합니다. 이 서비스는 현재 34개 주에 걸쳐 미국의 거의 3,000개 위치에서 제공되고 있습니다.

Clip Money (TSXV:CLIP, OTCQB:CLPMF) s'est associé à International Restaurant Management Group (IRMG), qui opère plus de 200 restaurants, y compris des emplacements Starbucks, Burger King et Popeyes. IRMG utilise actuellement les services de gestion de trésorerie de Clip dans plus de 50 sites, avec des plans d'expansion.

Ce partenariat a permis d'obtenir environ 60 % d'économies mensuelles par site par rapport aux solutions de gestion de trésorerie précédentes. Le réseau de Clip permet aux entreprises d'effectuer des dépôts sur des comptes bancaires existants via ClipDrop ou ClipATM, avec une crédit le jour ouvrable suivant et une transparence en temps réel. Le service est actuellement disponible dans presque 3 000 emplacements aux États-Unis dans 34 États.

Clip Money (TSXV:CLIP, OTCQB:CLPMF) hat eine Partnerschaft mit International Restaurant Management Group (IRMG) geschlossen, die über 200 Restaurants betreibt, darunter Starbucks, Burger King und Popeyes. IRMG nutzt derzeit die Bargeldverwaltungsdienste von Clip an über 50 Standorten mit Expansionsplänen.

Die Partnerschaft hat zu etwa 60% monatlichen Einsparungen pro Standort im Vergleich zu früheren Bargeldmanagementlösungen geführt. Das Netzwerk von Clip ermöglicht es Unternehmen, Einzahlungen auf bestehende Bankkonten über ClipDrop oder ClipATM vorzunehmen, mit Gutschrift am nächsten Geschäftstag und Echtzeit-Transparenz. Der Service ist derzeit in fast 3.000 Standorten in den USA in 34 Bundesstaaten verfügbar.

Positive
  • 60% monthly cost reduction per location in cash management
  • Service implemented in 50+ IRMG locations with expansion plans
  • Next-business-day credit processing
  • Network presence in 3,000 locations across 34 US states
Negative
  • None.

ATLANTA, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Clip Money, Inc. (“Clip”) (TSXV:CLIP) (OTCQB: CLPMF), a leading fintech company that brings modern cash management services to businesses, has partnered with quick service restaurant group International Restaurant Management Group (IRMG), a mission-driven organization dedicated to bringing affordable, quality meals to the masses.

IRMG’s portfolio of over 200 restaurants includes brands such as Starbucks, Burger King, Popeyes, Firehouse Subs, and homegrown QSR concepts including Kelly’s Cajun Grill, Yeung’s Lotus Express, Suki Hana, and Wok A Holic. IRMG has been using Clip in over 50 locations with dozens more in the process of being added, aligning with their aggressive expansion goals. The company was awarded Popeye’s Developer of the Year at the 2022 and 2023 Annual Restaurant Brands International (RBI) Convention with the addition of 64 new stores and 2024 Burger King Developer of the Year as featured in Food Chain Magazine’s recent coverage: The Birth of a Restaurant Empire.

Anthony Napoliello, President and CEO at IRMG, shares his experience with Clip: “Switching to Clip has resulted in monthly savings of roughly 60% per location compared to the legacy options we used prior. It has also provided our head office with real-time transparency, reporting capabilities, and other tools that help streamline our cash management operations.” Napoliello continued, “IRMG is committed to the service and experience of our employees and customers. Clip’s convenient proximity to our restaurants and easy-to-use technology gives time back to our store managers and corporate team members so they can focus on customer service and drive efficiencies for our business.”

“In the restaurant business, every penny counts. Margins are tight, so cash flow and optimizing processes are critical to our operations,” says Kelly Yeung, Founder and Chairman of IRMG. “Clip has made it easier by helping our staff deposit cash quickly and having funds processed the next business day, keeping operations running smoothly on all fronts.”

The Clip network enables any business to make deposits to any existing bank account via ClipDrop or ClipATM which helps promote bank consolidation efforts. Deposits can be made at any time during store hours by designated employees, with next-business-day credit. Clip customers can also manage the full cash-handling process through the Clip Cashboard, including facilitating cash deposits and change orders, assigning employees to perform deposit transactions, and tracking transaction history.

Clip co-founder and CEO Joseph Arrage said “We are honored to have earned the privilege of serving IRMG’s iconic restaurant portfolio. Clip recognizes a significant growth opportunity within the QSR sector, given that cash constitutes a substantial portion of sales and QSR establishments face well-documented labor challenges. We take pride in offering IRMG a seamless, cost-efficient deposit solution through our expanding network.”

With plans to roll out the Clip solution to additional stores, IRMG joins a number of other multinational and independent retailers who have adopted Clip. Clip deposit locations are currently available in nearly 3,000 US locations across 34 States.

To learn more, please visit How IRMG Cut Cash Management Costs and Improved Operational Efficiency with Clip, and for a full list of locations, visit https://clipmoney.com/locations.

About Clip
Clip operates a multi-bank, self-service deposit system for businesses through its network of ClipDrop Boxes and Clip-enabled ATMs. Rather than going to their personal bank branch or using an armored carrier service, businesses can deposit their cash at any ClipDrop or ATM located nearby at top retailers and shopping malls. Deposited funds are automatically credited to the business’ bank account, usually within 1 business day. The company combines functional hardware, an intuitive mobile app, and an innovative cloud-based transaction engine that maximizes business banking transactions. Clip also facilitates mobile change orders, which are fully insured and shipped within 1-2 business days. Clip Money offers a cost-effective and convenient solution for business banking deposits across major markets in Canada and the United States. For more information about the Company, visit www.clipmoney.com.

For further information, please contact:

Joseph Arrage
Chief Executive Officer
tel: 844-593-2547


FAQ

How much does IRMG save using Clip Money's (CLPMF) cash management services?

IRMG reports monthly savings of approximately 60% per location compared to their previous cash management solutions.

How many locations currently use Clip Money's (CLPMF) services in IRMG restaurants?

Over 50 IRMG restaurant locations currently use Clip's services, with dozens more being added.

What is the processing time for deposits using Clip Money's (CLPMF) service?

Clip Money processes deposits with next-business-day credit to the designated bank account.

How many US locations offer Clip Money's (CLPMF) deposit services?

Clip Money's deposit services are available in nearly 3,000 locations across 34 US states.

What features does Clip Money (CLPMF) offer for cash management?

Clip offers ClipDrop, ClipATM, Clip Cashboard for deposit management, real-time transparency, reporting capabilities, and change order management.

CLIP MONEY INC

OTC:CLPMF

CLPMF Rankings

CLPMF Latest News

CLPMF Stock Data

19.50M
36.17M
60.25%
Software - Infrastructure
Technology
Link
United States of America
Toronto