International Restaurant Management Group (IRMG) Partners with Clip to Manage Business Deposits

The International Restaurant Management Group (IRMG), a mission-driven organization dedicated to bringing affordable, quality meals to the masses, has partnered with Clip Money, Inc. ("Clip"), a leading fintech company that brings modern cash management services to businesses. This collaboration aims to optimize cash flow and improve operational efficiency for IRMG's extensive portfolio of quick-service restaurant brands.

IRMG's portfolio includes popular brands such as Starbucks, Burger King, Popeyes, Firehouse Subs, and homegrown QSR concepts like Kelly's Cajun Grill, Yeung's Lotus Express, Suki Hana, and Wok A Holic. With over 200 locations across the United States, IRMG has been awarded Popeyes Developer of the Year at the 2022 and 2023 Annual Restaurant Brands International (RBI) Convention, as well as 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."

Kelly Yeung, Founder and Chairman of IRMG, adds, "In the restaurant business, every penny counts. Margins are tight, so cash flow and optimizing processes are critical to our operations. 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."

Clip's 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."

Clip's real-time transparency, reporting capabilities, and other tools help IRMG streamline its cash management operations, improve forecasting, and make timely decisions. By reducing manual effort and enhancing operational efficiency, Clip enables IRMG to focus on its core mission of providing affordable, quality meals to the masses.

In conclusion, the partnership between IRMG and Clip Money, Inc. is a strategic move that will help IRMG optimize its cash flow, improve operational efficiency, and ultimately enhance the customer experience. With Clip's modern cash management services, IRMG is well-positioned to continue its aggressive expansion plans and maintain its commitment to affordable, quality meals for all.