February 7, 2005
ITRADENETWORK to link it's Contract and Rebate Management (CaRMA) solution with Integrated Management Solutions' FOOD CONNEX software, improving contract compliance and rebate tracking for small to mid-size foodservice companies
Furlong, PA (February 7, 2005) - Integrated Management Solutions, Inc., announced today a relationship to provide an interface between its FOOD CONNEX management software and ITRADENETWORK's Contract and Rebate Management (CaRMA) offering. Through the seamless interface, proof of purchase data will be automatically correlated with contract agreement terms, and the associated rebate information immediately calculated.
Paul Hernandez-Cuebas, president of Integrated Management Solutions, noted the criticality of contract and rebate management to the overall profitability of foodservice companies.
"Our foodservice customers depend on vendor rebates to improve their bottom line profitability," he explained. "By automating the reporting of proof of purchase and sales data, we will help our customers cut inefficiencies out of the process and ensure they receive proper rebates on goods sold. FoodConnex is built on the premise that strategic partnerships are key to a successful business because one company cannot provide everything for their client. We are pleased with the opportunity to work with Stanley Marvel, Inc. and iTradeNetwork, Inc."
"ITN is excited about the roll out of our CaRMA solution with Stanley Marvel, Inc. and Integrated Management Solutions. We believe that our CaRMA products innovative technology will bring significant value and cost savings to operators, distributors, and suppliers of all sizes. ITN will continue to focus on building our reputation as the leading provider of collaborative workflow solutions for the food industry." said Robert Bonavito, Chief Executive Officer of iTradeNetwork.
Lee Marvel, president of Stanley Marvel Foods in Bensalem, PA, explained that tight margins and fast inventory turnover makes tracking sales and order data a critical function for his organization.
"Improving our sales volume is only one part of our growth strategy. The other part is accurately tracking that sales information to ensure data reporting back to our trading partners," he said.
About ITRADENETWORK
ITradeNetwork Inc., is a privately held company that provides collaborative workflow solutions. The ITN suite of products include: Order Management System (OMS), Logistics, Contract and Rebate Management (CaRMA), Promotional Planning, Demand Forecast, VMI, Financial Services and Content for the food industry and low cost integration to customers legacy systems. 15 of the top 20 North American Retailers and many of the leading Foodservice companies are utilizing iTradeNetwork's e-business solutions with over 3,500 customers.
About Integrated Management Solutions
Integrated Management Solutions is a leading provider of technology solutions to the Food Distribution and Processing Industries. Through a comprehensive portfolio of software called FOOD CONNEX® we are able to provide solutions that will give your business a competitive edge with a better, smarter, and faster process. Integrated Management Solution's FOOD CONNEX Software, combined with our unique approach to customer service and support, delivers a superior, all-inclusive system to solve the kinds of processes, tasks, and management challenges facing the Food Distribution and Processing Industries. For more information about Integrated Management Solutions and FOOD CONNEX, please visit www.foodconnex.com.
About Stanley Marvel, Inc.
Stanley Marvel is a Full Service food distributor serving the Mid-Atlantic states with a complete inventory of items to serve the Food Service operators. Located in Bensalem, Pennsylvania, Stanley Marvel, Inc. Lee Marvel, President 215/638-7800
|
