How IRMG Cut Cash Management Costs and Improved Operational Efficiency with Clip
IRMG's portfolio includes over 200 restaurants, featuring brands such as Starbucks, Burger King, Popeyes, Firehouse Subs and homegrown QSR concepts including Kelly’s Cajun Grill, Yeung’s Lotus Express, Suki Hana, and Wok A Holic.
Key Highlights
Saving approximately 60% per location each month vs. armored
Improved efficiency across 50+ restaurants using Clip’s network
Faster cash flow with next-day deposit credit
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The Challenge of Saving Every Penny in a Tight-Margin Industry
IRMG, a major multi-brand restaurant operator, knows that in the competitive food industry, every cent counts. Managing cash for popular franchises like Starbucks, Burger King, Popeyes, and Firehouse Subs across their portfolio of 200+ locations, IRMG faced high costs and operational challenges with their old deposit process. Between pricey armored pickups and staff having to leave the store for bank runs, IRMG was ready for a solution that could reduce operating costs, improve employee experience, and drive operational efficiency.
“In the restaurant business, every penny counts. Margins are tight, so cash flow and optimizing processes are critical to our operations,” – Kelly Yeung, Founder and Chairman of IRMG.
Why IRMG Chose Clip
When IRMG evaluated options, Clip quickly rose to the top as a cash management solution that could deliver on all fronts.
Clip’s unique model offered IRMG a way to cut down on high armored pickup costs, while still keeping their cash deposits secure, trackable, and accessible. By switching to Clip, IRMG was able to eliminate hefty fees associated with the traditional deposit services they used for years prior, including transportation fees, banking fees, and other recurring costs.
Clip offered IRMG a flexible deposit solution, ClipDrop, which allowed employees to deposit cash on-site or nearby, thus cutting out time-consuming bank runs from their weekly schedules. This convenience kept staff within close proximity and focused on their core tasks, which was essential for IRMG’s customer experience and operational efficiency at both the local and corporate level.
IRMG’s corporate management gained instant, real-time access to every transaction with Clip’s digital Cashboard. This centralized dashboard made it easy for the head office to monitor deposits, track employee activity, and run reports, giving IRMG total control over their cash flow and enabling better decision-making across the entire organization.
The Results
Since implementing Clip's deposit network across 50+ locations, with further rollouts planned in 2025, IRMG has saved approximately 60% per store each month, a direct result of eliminating high armored pickup fees and reducing bank dependency.
Clip’s next-business-day credit has ensured that IRMG’s cash flow remains consistent and predictable, which is critical for smooth daily operations even on the busiest of shopping seasons. With staff able to stay on-site and avoid bank trips, store productivity and customer satisfaction has improved significantly across nationwide operations.