Cantaloupe Inc. Partners with Vendors Exchange to Deliver a Seamless Upgrade for Remote Price Change
April 06 2022 - 8:30AM
Business Wire
Customers can extend the reach of Remote Price
Change with the latest tools and upgrade options
Cantaloupe, Inc. (NASDAQ: CTLP) (“Cantaloupe” or the “Company”),
a digital payments and software services company that provides
end-to-end technology solutions for the unattended retail market,
today announced a partnership with Vendors Exchange to seamlessly
integrate their Universal Control Board into Cantaloupe’s Remote
Price Change (RPC) solution, available within Seed Pro™. This
integration, combined with the recently announced Remote Price
Change Compatibility Report, will enable customers to easily
identify and upgrade legacy machines in the field to accept price
changes remotely.
“With gas prices on the rise, inflation rising the cost of
goods, and continuous labor challenges for many of our customers,
it has never been more critical to enable a feature that gives the
operator the capability to make price changes remotely within
Seed™,” said Jeff Dumbrell, Chief Revenue Officer of Cantaloupe
Inc. “This partnership combined with our new Compatibility Report
and recent expansion to machine types that can accept RPC, enables
our customers with efficiencies and visibility of managing prices
from anywhere, saving them time and money in their day-to-day
operations.”
The RPC feature enables customers to manage pricing, react
quickly to supplier increases, and merchandise dynamically based on
seasonality and trends, at their machines all via their tablet or
mobile device, accessed directly through our Seed Software. With
the recent release of the Remote Price Change Compatibility Report,
customers can easily view what machines have mis-matched prices,
which can accept RPC updates today, and which ones may require a
device or control board and firmware upgrade. For machines that
require control board and firmware upgrades, the Vendors Exchange
Universal Control Board integrated seamlessly with Seed Software,
can now provide an easy solution to enabling RPC at legacy
machines.
“While the value proposition has always been there, the current
inflationary situation makes RPC even more valuable. Our joint
customers navigate implementing price updates at machines today,
which costs them approximately $100 per visit to complete and may
require multiple trips to accounts annually due to the continuous
rise in the cost of goods,” stated Matt Shene, Chief Executive
Officer of Vendors Exchange. “Through our partnership with
Cantaloupe, our combined customers can leverage a seamlessly
integrated solution for enabling price changes with our Universal
Control Board (UCB™) designed to bring all of the features
available today to your legacy machines at a fraction of the
cost.”
To learn more about the Cantaloupe and Vendors Exchange
partnership contact Sales directly at +1 (800) 770-8539, or email
sales@cantaloupe.com.
Useful Links:
Cantaloupe: https://www.cantaloupe.com/
Vendors Exchange: https://www.veii.com/
Blog: https://www.cantaloupe.com/blog/
Podcast: https://www.cantaloupe.com/urtechinsiders/
LinkedIn: https://www.linkedin.com/company/cantaloupeinc/
Resource Center: https://www.cantaloupe.com/resources/
Twitter: https://twitter.com/cantaloupeinc_
YouTube:
https://www.youtube.com/channel/UCTGQNcXUydcOHLZiuIEPuaw
About Cantaloupe Inc.
Cantaloupe, Inc. is a software and payments company that
provides end-to-end technology solutions for the unattended retail
market. Cantaloupe is transforming the unattended retail community
by offering one integrated solution for payments processing,
logistics, and back-office management. The company’s
enterprise-wide platform is designed to increase consumer
engagement and sales revenue through digital payments, digital
advertising and customer loyalty programs, while providing
retailers with control and visibility over their operations and
inventory. As a result, customers ranging from vending machine
companies to operators of micro-markets, gas and car charging
stations, laundromats, metered parking terminals, kiosks,
amusements and more can run their businesses more proactively,
predictably and competitively. For more information about
Cantaloupe, please visit www.cantaloupe.com.
G-CTLP
About Vendors Exchange
Vendors Exchange is the market leader in high quality,
value-based solutions for the convenience services industry,
ranging from self-service kiosks, remanufactured vending equipment
to replacement parts, graphics and electronic repair. Through a
culture of innovation, they continue to introduce breakthrough
advances such as the VE Kiosk, Revision® and Curve™ doors with the
UCB™. For more information about Vendors Exchange, please visit
www.veii.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220406005298/en/
Media and Investor Relations Contacts for Cantaloupe,
Inc: Sarah Toomey RH Strategic Communications
stoomey@rhstrategic.com
Investor Relations: ICR, Inc. CantaloupeIR@icrinc.com
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