Benzinga | May 25, 2021 09:11AM EDT

BriteCo Reports Partnership With Lightspeed For Appraising Jewelry

Insurtech innovator BriteCo jewelry insurance announced today a partnership with Lightspeed (NYSE:LSPD) (TSX:LSPD), a leading provider of cloud-based, omnichannel commerce platforms. BriteCo's free, automated appraisal system integrates with Lightspeed allowing retail jewelers to save time and generate income in conducting and managing appraisals. Once an appraisal is finalized, retail jeweler customers receive a no obligation insurance quote directly from BriteCo that enables them to get their purchase covered in under five minutes.

"A recent Jewelers Going Digital survey report showed that jewelers are eager for solutions to help them manage the digital transformation of their businesses," said Dustin Lemick, founder and CEO of BriteCo. "Our partnership with Lightspeed is a perfect example of two innovators joining forces to leverage cloud-based retail technology that jewelers and their customers can use to make their lives easier, more productive and more affordable."

Lightspeed jewelry retailers can access the BriteCo appraisal system right from the Lightspeed dashboard. Utilizing a database of more than 200,000 price points, jewelers can complete appraisals in as little as five minutes, making their final value determination with software guidance.

"Our research shows that more than one of three jewelers are still using outdated manual paper or word document systems to perform appraisals," noted Lemick. "To compete effectively and deliver superior customer service, retail jewelers want technology that is fast, easy and a clear benefit to their customers. Best of all, our appraisal system is free!"

For retail jeweler customers looking to insure their purchases such as an engagement ring or wedding band, BriteCo gives a fast, easy and affordable way to get an instant quote for replacement jewelry insurance in 60 seconds from their smartphone.

"The BriteCo jewelry appraisal system integration and instant insurance offering is another way Lightspeed is empowering retail jewelers to grow their business with optimized technology," said Lightspeed VP of Partnerships, Peter Dougherty. "We welcome the passion and commitment of partners like BriteCo that consistently add value to our retail jewelry platform."

To learn more about the BriteCo integration with Lightspeed POS, visit https://www.lightspeedhq.com/integrations/briteco/ or https://brite.co/lightspeed-partner/