Aprio Collaborates With Loop AI to Help Restaurants Maximize Third-Party Delivery Service Profitability
July 9, 2024
Automated delivery intelligence platform to help restaurants stay in lockstep with elements of finances & operations related to third-party delivery.
ATLANTA – July 9, 2024 – Aprio, LLP, a top 25 business advisory and accounting firm, is proud to announce today its strategic collaboration with Loop AI, a pioneering AI-driven platform specializing in reconciling third-party delivery sales and transactions for restaurant owners. This collaboration marks a significant advancement in addressing a critical pain point for restaurant businesses, particularly in the face of burgeoning delivery sales.
Aprio’s Restaurant, Franchise & Hospitality Practice is dedicated to simplifying accounting and advising on tax positions to help enhance profitability and growth for its clients. With over 40 years of experience, Aprio’s teams help restaurant, franchise and hospitality business owners tackle business matters, from maintaining profit margins to adhering to navigating ever-changing regulatory requirements. Aprio offers a comprehensive suite of back-office solutions and financial guidance tailored to the needs of the industry. With specialties in both franchisor and franchisee dynamics, Aprio services encompass everything from tax planning and business advisory to virtual CFO support, ensuring that clients’ financial needs are met with precision and insight.
Aprio anticipates that the collaboration with Loop will help to enable its restaurants clients to reduce lost sales and reduce error rates. In recent years, the surge in third-party delivery services has presented challenges for restaurant owners, with a notable portion of sales traffic now emanating from these platforms. Managing and reconciling transactions from various delivery partners has been a time-consuming and intricate task, often leading to delays and inefficiencies in handling store downtime, reconciliation and order errors.
Loop’s cutting-edge technology streamlines this process, offering automated solutions for reconciling transactions. By integrating with popular Enterprise Resource Planning (ERP) systems such as QBO and Sage Intacct, Loop helps to streamline operations and helps restaurant owners address challenges by providing unprecedented transparency and insights into their delivery processes. Loop’s technology offers clients the business solutions they need for clear financial visibility, enhancing transparency and reporting capabilities that empower restaurant owners with valuable insights for trusted advisory and strategic decision-making.
Key Benefits of Loop Technology:
Sales Reconciliation: Loop promotes accurate sales reconciliation, aligning with the amounts received in restaurant owners’ bank accounts.
Dispute management: Loop helps eliminate the need for manual intervention by calculating and processing chargebacks and refunds, saving restaurant owners valuable time.
Operational Visibility: The platform provides detailed insights into delivery operations, highlighting opportunities for cost-saving and optimization.
“Loop represents a pivotal addition to Aprio’s suite of services, offering a comprehensive solution to the challenges posed by third-party delivery sales. We are thrilled to embark on this transformative collaboration with Loop,” said Mark Kashgegian, client services partner at Aprio. “By leveraging this technology, we are empowering our clients to navigate the complexities of delivery sales easily while unlocking new avenues for growth and efficiency.”
For more information about Aprio’s Restaurant, Franchise & Hospitality Practice, visit the Aprio website.
About Loop:
Loop is a pioneering SaaS provider that specializes in helping to maximize profitability and operational excellence for restaurants in the 3rd party delivery space. By addressing critical pain points such as financial reconciliation & bookkeeping, sales tax & franchise fee liability, real-time store availability management, and marketing optimization, Loop AI offers a comprehensive suite designed to elevate the customer experience and financial outcomes for its partners.
About Aprio:
Aprio is a premier, full-service business advisory and accounting firm that advises clients on achieving what’s next. Aprio professionals work as integrated teams across advisory, audit, tax, outsourcing, talent solutions and private client services, bringing the best thinking and personal commitment to each client. Across practices, Aprio brings together proven experience, deep understanding and strategic foresight for industries including Manufacturing and Distribution; Non-Profit and Education; Professional Services; Real Estate; Construction; Restaurant, Franchise & Hospitality; Government Contracting, and Technology and Blockchain. Aprio has grown to over 2,100 team members. To serve clients wherever life or business may take them, Aprio’s teams speak more than 60 languages and work with clients in over 50 countries. For more information, visit www.aprio.com.
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Aprio Media Contact: Leslie Bashuk, Senior Public Relations Specialist
leslie.bashuk@aprio.com
Loop Media Contact: Anand Tumuluru, Co-Founder