SAN FRANCISCO, June 06, 2018 (GLOBE NEWSWIRE) -- Plate IQ, a technology company that helps restaurants improve and automate their Accounts Payable (AP) processes, today announced a partnership with Vitaligent LLC, the largest 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:
“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, Chief Executive Officer, 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.”
"We are excited to be partnering with Vitaligent," said Bhavuk Kaul, co-founder and CEO of Plate IQ. "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.”
About Vitaligent, LLC
Vitaligent is a holding company focused on promoting health and happiness in each relationship - with guests, team, families and community. Vitaligent’s focus is on wellness, fresh juices and smoothies, and healthy meal options. Vitaligent owns and operates more than 100 Jamba Juice stores across the United States.
About Plate IQ
Bhavuk Kaul and Ram Jayaraman founded Plate IQ in 2014 after learning how painful and expensive it was for restaurants to manually process paper invoices. Today, Plate IQ offers a full suite of accounts payable automation solutions, and has processed more than $2.5 billion worth of invoices. Plate IQ works with more than 4,500 customers including Thomas Keller, Eleven Madison, Milk Bar, Tender Greens, Jamba Juice and more. Plate IQ investors include Eilses Capital, Initialized, and Y Combinator. For more information, visit www.plateiq.com
Mary Nelson, ICR