Jamba Juice Franchisee Installs New AP Solution
Plate IQ, a technology company that helps restaurants improve and automate their accounts payable (AP) processes, has partnered with Vitaligent LLC, a franchisee of Jamba Inc., which owns and franchises Jamba Juice stores.
Plate IQ's software enables more than 100 Jamba Juice stores to improve cash management and workflow by delivering greater transparency and automation to the accounts payable processes.
Specifically, the integration allows Vitaligent to:
- Improve overall work flow and cash management: Plate IQ consolidates and better manages the invoice approval process to improve cash management, while optimizing time and cost savings.
- Insights into pricing: Prior to Plate IQ, Vitaligent didn’t capture line item invoice detail. Now with Plate IQ, the franchisee conducts a detailed spend analysis to view price history and eliminate erroneous charges.
- Electronic Payments: Before Plate IQ, Vitaligent did not leverage the power of electronic payments via ACH (Automated Clearing House) for non-prime costs and suppliers. Electronic payments have helped them reduce costs, enhance payment security, reduce human error and speed processing time.
“As a large franchisee we process thousands of invoices, and prior to working with Plate IQ we had limited cash management tools and too much manual effort driving up our costs,” said Dean VandeKamp, CEO, Vitaligent. “By teaming up with Plate IQ, their seamless solution delivered greater cost-savings and visibility into our data, while unlocking actionable insights to help drive greater operational efficiencies and better pricing.”
Plate IQ helps Vitaligent better manage invoices, vendor payments and reports so they can win back time to focus on their core business, while improving the bottom line.