CLEVELAND, April 19, 2017 /PRNewswire/ -- Vendors Exchange, an industry leader in quality, value-based vending solutions for the convenience marketplace today announced it has a partnership with Cantaloupe Systems, the vending industry's premier provider of cloud-based, mobile technologies that deliver an integrated end-to-end vending and payments solution.
The partnership leverages Vendors Exchange's UCB (Universal Control Board) and Cantaloupe Systems Seed Cashless™ devices to enable operators the ability to make pricing and merchandising updates remotely from any Web-based device through the Cantaloupe Systems platform.
"We wanted to reduce the friction our customers face each time they are hit with a price increase," Matt Shene, President of Vendors Exchange. "Today, customers have to send out technicians to each machine in order to update the pricing stickers and machines control board. With our new system, the Seed platform transmits pricing to the UCB, then the UCB updates the price on the machine and display. Having all the price changes happen on the backend it allows our customers to free up their time to focus on bigger brand initiatives."
The new remote pricing and merchandising capability is enabled through the Seed Cloud™ application. It can cost on average $32 per machine to have a technician update pricing per location, and with 200 machines that equates to an average of $6,400 dollars for one full price update effort across a business. Remote pricing updates also eliminate driver errors on pricing and secondary trips out to correct wrong pricing changes to machines. Time is saved and money isn't wasted on pricing updates anymore with the Cantaloupe Systems and Vendors Exchange integration.
"We are focused on simplifying operational efforts that often times become costly to many of our customers," said Anant Agrawal, President and co-founder of Cantaloupe Systems. "Leveraging the Seed Cashless devices, our customers can more easily manage their machine performance, make pricing or product changes based on market trends, and do all of this at the click of a button on their mobile, tablet or computer device within the Cantaloupe platform and Vendors Exchange machine."
Time is now focused on re-merchandising to ensure that operators are selling the right product at the right time, and at the right price to their consumers. Menu changes are scheduled within the Seed application and then updated at the next service visit. Pricing can now be altered as a part of a promotional campaign, that is targeted on moving out sale items or changes based on client needs.
VE's offerings to ensure that the latest UCB technology is on all vending machines include: installed automatically on all upgraded doors including the REVISION and CURVE doors, and retrofit solutions for OEM equipment. To get started, all customers must ensure they have the latest version of UCB software. Customers can reach out to a VE representative at 800.321.2311 to discuss the process further and receive the update.
About Vendors Exchange
Vendors Exchange is the market leader in high quality, value-based solutions for the vending industry, ranging from remanufactured vending equipment to replacement parts, graphics to electronic repair. Through a culture of innovation, they continue to introduce breakthrough advances such as the Revision® Door, Curve™ and UCB™. For more information about Vendors Exchange, please visit www.veii.com.
About Cantaloupe Systems
Cantaloupe Systems is the vending industry's premier provider of cloud-based, mobile technologies that deliver an integrated end-to-end vending and payment solution for cashless vending, dynamic route scheduling, automated pre-kitting and merchandising and inventory management…all accessible by any mobile device. With a combined 100+ years vending experience, Cantaloupe Systems' expert consultation team can help vending operators modernize their vending business resulting in increased revenue, greater route efficiencies and streamlined back office administration. Hundreds of customers, with hundreds of thousands machines connected, rely on Cantaloupe Systems' innovative solutions to give them full control and visibility over their operations, their inventory and their people so they can more proactively, predictably and competitively run their business. Learn more about smarter vending at cantaloupesys.com.
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SOURCE Vendors Exchange International, Inc.