July 13, 2005
Ben E. Keith Announces Selection of iTradeNetwork's Real-Time Contract and Rebate Management (CaRMA) Solution
CaRMA provides real-time electronic communication, validation and synchronization of contract and performance data among foodservice manufacturers, distributors, operators, and brokers resulting in more timely and accurate payments as well as lower administrative costs on rebates, billbacks and programs
Dallas, TX (July 13, 2005) -The Ben E. Keith Company announced today the selection of iTradeNetwork's Contract and Rebate Management (CaRMA) solution. Through this innovative application, proof of purchase data automatically will be correlated with contract agreement terms in real-time, and the associated rebate information immediately calculated.
Noting the criticality of contract and rebate management to the overall profitability of foodservice companies, Mike Roach, Ben E. Keith's President said: "Over the past several years we have continued to be impressed with iTradeNetwork's forward-looking real-time applications and product strategies. They continue to enable us to achieve what we want above all from a real-time, collaborative e-commerce solution: the ability to exceed our customer expectations."
"CaRMA is designed to bring significant value and cost savings to Operators, Distributors, and Manufacturers/Suppliers of all sizes. Our product roadmap will continue to focus on providing real-time solutions that address major pain points for our customers," said Robert Bonavito, Chief Executive Officer of iTradeNetwork.
About the Ben E. Keith Company
Ben E. Keith Company is a distributor of food service products and Anheuser-Busch beers. Ben E. Keith's independent food division, Ben E. Keith Foods, supplies a full line of produce, frozen foods, meats, dry groceries, refrigerated foods, paper goods, equipment and supplies to restaurants, hospitals, schools, nursing homes and other institutional businesses. The independent beer division, Ben E. Keith Beers, sells Budweiser, Bud Light, Michelob, Michelob Light, Bud Ice, Busch Natural Light, Bacardi Silver and other Anheuser-Busch brands. Ben E. Keith Company has six foodservice and eight beer distribution centers. The foodservice division serves eight states and the beer division exclusively delivers Anheuser-Busch products to 56 Texas counties. Together we employ over 2,300 people. For more information, visit the Ben E. Keith Company, website at http://benekeith.com
About iTradeNetwork Inc.
iTradeNetwork is a privately held company that provides real-time, collaborative workflow solutions for the Food Industry. 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, as well as low cost integration to customers legacy systems. 15 of the top 20 North American Retailers and most leading Foodservice companies are utilizing iTradeNetwork's e-business solutions with over 3,700 trading partners/customers.
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