November 8, 2005
BiRite Foodservice Distributors, Nichols Foodservice, and Glazier Foods Company selects iTradeNetwork's eBusiness Contract and Rebate Management (CaRMA) Solution
CaRMA provides on-demand 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
Livermore, CA (November 8, 2005) -iTradeNetwork announced today the selection of their eBusiness Contract and Rebate Management (CaRMA) solution by BiRite Foods, Nichols Foodservice, and Glazier Foods. Through this innovative application, proof of purchase data will be automatically 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, Dennis Collins, General Manager of BiRite Foodservice said: "In the past few years we have continued to be impressed with iTradeNetwork’s forward-looking eBusiness solutions and product strategies. They continue to enable us to achieve what we want above all from an on-demand, collaborative e-commerce solution: the ability to exceed our customer expectations."
"ITN is excited about the roll out of our CaRMA solution with these progressive Foodservice Distributors and other leading companies in the Food industry. Thanks to their guidance and many of the 30+ other companies/members of our Foodservice Customer Advisory Council, CaRMA has undergone months of rigorous Quality Acceptance Testing. CaRMA will bring significant value and cost savings to Operators, Distributors, and Manufacturers/Suppliers of all sizes. 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 iTradeNetwork, Inc
iTradeNetwork is a privately held technology leader in On-Demand E-Business solutions. The ITN suite of workflow collaboration 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 4,000 trading partners/customers.
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