Remote Price Change, part of the Cantaloupe Seed™ platform, helps vending machine operators manage prices across multiple machines from anywhere
MALVERN, Pennsylvania, June 8, 2022–(BUSINESS WIRE)–Cantaloupe, Inc. (NASDAQ: CTLP), a digital payments and software services company that provides end-to-end technology solutions for the unattended retail market, is transforming the way vending machine operators manage price changes with his Seed™ remote price change platform and solution.
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Cantaloupe Remote Price Change, part of the Cantaloupe Seed™ platform, helps vending machine operators manage prices across multiple machines from anywhere, saving the operator money time and money. (Photo: BusinessWjre)
Remote Price Change (RPC) saves operators time and money by allowing them to remotely manage product prices in their machines using Cantaloupe’s Seed software. With RPC, customers can react quickly to supplier price increases and dynamically change prices based on approaching expiration dates and seasonal trends, all remotely. With the addition of the Remote Price Change Compatibility Report, customers can easily identify legacy machines that may require firmware updates, ePort cashless devices, or card upgrades to enable RPC. And with RPC, fewer staff are needed to make and verify price changes.
Seed customers are already reaping the instant benefits of RPC by automating their operations and better managing their pricing to simultaneously address multiple challenges related to inflation, rising supplier costs, and labor shortages.
“We’ve been using Cantaloupe’s RPC for over a year on 1,500 machines,” said Joseph Barnett, branch manager at Refresh Sips & Eats in Mississippi. “Our goal is to roll out RPC to 500 more machines next month and another 1,000 by the end of this year. With inflation rising everywhere and prices changing, we’re using RPC to change prices from day to day. next day when we need them.Most of our machines are one to two hours drive from our headquarters, so the time and fuel savings of being able to change prices remotely is significant.Even with the added cost of the RPC, it is an advantage for us to have this solution as part of our system.”
“Times are changing‘ (a song made popular by Bob Dylan) has never rang truer than these unprecedented times facing the world today,” said Ravi Venkatesan, COO of Cantaloupe. “Businesses are experiencing a steep rise in the cost of goods, with an 8.5% increase over the past 12 months, according to the US Consumer Price Index (as of March 2022), which forces all operators in the vending machine sector to change the prices of their products more frequently. Thanks to our remote price change solution, changing these prices on all machines has never been easier or more profitable. We’re excited to see operators taking advantage of this easy-to-use tool to preserve margins and stay profitable in the face of rising costs and labor challenges. »
Prior to implementing RPC in Seed, an operator could incur an average cost of $50 per machine to manually change prices, including the need for a trained technician and sometimes up to 45 minutes per machine to make these changes. On top of that, operators who schedule technicians for each route must consider not only the travel time to each location, but also the cost of fuel to get there.
For Sheehan Brothers Vending, which operates in southwest and central Ohio with 23 routes, RPC has saved its drivers significant time and increased profits. “We found RPC to be quite smooth, easy and simple to use,” said Patrick Sheehan, President of Sheehan Brothers. “Also, the less time our drivers have to deal with anything other than account management, the better. Taking responsibility for price changes ourselves earns us more money because we get the raises faster, and that prevents the driver from working 50 hours a week.”
Remote Price Change is the latest innovation that fulfills Cantaloupe’s mission to provide the best operational and payment platform for unattended retail that is quick to implement, easy to integrate, flexible to use and providing valuable real-time customer insights and rapid ROI. To learn more about Cantaloupe and the Seed platform with RPC, visit cantaloupe.com/software-seed-pro. To understand how much time and money RPC could save your vending machine business, visit https://www.cantaloupe.com/rpc-calculator/.
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 an integrated solution for payment processing, logistics and back-office management. The Company’s enterprise-scale platform is designed to increase consumer engagement and sales revenue through digital payments, digital advertising and customer loyalty programs, while delivering retailers control and visibility over their operations and inventory. As a result, customers ranging from vending machines to micro-market operators, gas and car refill stations, laundromats, metered parking terminals, kiosks, entertainment, etc. can run their businesses more proactively, predictably and competitively. To learn more about Cantaloupe, Inc., visit cantaloupe.comCantaloupe Bloglisten to the podcast UR Tech Insiders, or follow via LinkedIn, Twitter, Facebook, instagram Where Youtube.
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