AUGUST 9, 2007
Sodexho Selects iTradeNetwork's Contract and Rebate Management (CaRMA) Solution
CaRMA provides on-demand electronic communication, validation and synchronization of contract and performance data among manufacturers, distributors, operators, and brokers resulting in timely and accurate payments, as well as lower costs on administrative programs
Livermore, CA (August 9, 2007) Sodexho, the leading food and facilities management services company in North America and a member of Sodexho Alliance today announced the selection of iTradeNetwork's Contract and Rebate Management (CaRMA) application. Through this innovative application, Sodexho will be able to collaborate online with its supply partners, ensuring agreement and accurate application of contract terms.
Noting the importance of managing the supply chain for foodservice companies, Ann Oka, Senior Vice President of Sodexho Supply Management, said: "ITN has created a solution that makes sense for Sodexho. CaRMA will enhance our contract management through better synchronization of data, better collaboration within our supply chain, and the eventual provision of more timely, transparent information to selected supply chain partners."
"ITN is excited about the roll out of our CaRMA solution with Sodexho and other leading companies in the foodservice industry. Thanks to the leadership of ITN's Foodservice Customer Advisory Council, CaRMA has now undergone years of rigorous testing and deployment. We believe that CaRMA will bring significant value and cost savings to Sodexho, as well as to their distributors and manufacturers/suppliers, no matter what their size. ITN will continue to focus on building our reputation as the leading provider of on-demand, eBusiness solutions for the food industry" said Robert Bonavito, Chief Executive Officer of iTradeNetwork.
About Sodexho, Inc.
Sodexho, Inc. is the leading provider of integrated food and facilities management services in the U.S., Canada and Mexico, with $6.7 billion (USD) in annual revenue and 125,000 employees. Sodexho serves more than 10 million customers daily in corporations, health care, long term care and retirement centers, schools, college campuses, government and remote sites. Sodexho, Inc., headquartered in Gaithersburg, Md., is a subsidiary of Sodexho Alliance (www.sodexho.com). Sodexho, Inc. funds the Sodexho Foundation (www.helpstophunger.org), an independent charitable organization that, since its founding in 1999, has made more than $9.2 million in grants to fight hunger in America. For more information, visit the Sodexho website at http://www.sodexho.com
About iTradeNetwork Inc.
iTradeNetwork is a privately held technology leader in On-Demand E-Business 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, Trade Spend Optimization, Financial Services and Content, as well as low cost integration to customers legacy systems. 16 of the top 20 North American Retailers and most leading Foodservice companies are utilizing iTradeNetwork's e-business solutions with over 4,500 trading partners/customers.
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