TMCnet News
Jewelry Franchisee The Michaels Group Chooses Clip for Secure, Cost-Effective Cash ManagementBOSTON, May 08, 2024 (GLOBE NEWSWIRE) -- Clip Money, Inc. (“Clip”) (TSXV:CLIP) (OTCQB:CLPMF), a leading provider of end-to-end cash management for businesses, today announced a partnership with The Michaels Group (“company”), a prominent franchise owner group of Pandora Jewelry with locations across Connecticut, New York, New Jersey, Arizona, and New Mexico. The Michaels Group boasts a five-generation legacy in the jewelry industry. Seeking a more efficient management platform, the Michaels Group selected Clip’s innovative cash platform to achieve a 45% reduction in monthly costs, which is projected to amount to $2,500 in savings per year for each store. “We were faced with several challenges with our legacy armored carrier process including rising annual fees, long-term contracts and a degradation o reliability,” said Jackie Cassidy, Controller at The Michaels Group. “We wanted a modern, flexible approach to deposit cash and receive change orders on location that helped our associates remain onsite servicing customers while achieving our cost reduction goals. Clip was able to help us accomplish both objectives.” "Through Clip’s innovative solutions, we deliver tangible advantages over antiquated systems and service options for cash management. With the rising costs and declining reliability of armored carrier services, coupled with the shrinking access of bank branch cash services, our value proposition becomes even more compelling. Clip’s aim is clear: to partner with companies like the Michaels Group, propelling efficiency with our modern solutions while dramatically improving user experiences,” said Joseph Arrage, CEO and co-founder of Clip. About Clip Money Inc. Website: www.clipmoney.com For further information, please contact: Joseph Arrage |