Compliance Network Will Exceed 75,000 Connections This Month
Salt Lake City January 23, 2019 – ReposiTrak, Inc.,the world’s only sourcing, compliance management and advanced commerce platform for retailing, announced today that the number of supplier/wholesaler/retailer facility connections will exceed 75,000 with the roll out of a top three U.S. grocery wholesaler. The wholesaler is deploying the ReposiTrak Compliance & Risk Management Solution to automate compliance documentation at corporate, facility and item levels.
This latest addition will also bring the total facility connections across the ReposiTrak Speed Retail Platform to more than 300,000, including supply chain and scan-based trading users, making it the largest platform of its kind in the world.
“As a provider of solutions that deliver growth, cost reduction and safety for trading partners in the retail supply chain, the importance of exponential growth in our facility connection network cannot be overstated,” said Randy Fields Chairman and CEO of ReposiTrak and Park City Group. “Simply put, the larger our network, the better the value for our customers. We have experienced network growth in excess of 600% in the past 24 months in our compliance network alone, which translates into unprecedented levels of supplier compliance, and risk reduction.”
As the compliance platform exclusively endorsed by the Food Marketing Institute (FMI), an advocacy group for the food industry, ReposiTrak has emerged as the de-facto industry standard for supplier compliance management for the food retailers.
“ReposiTrak is helping our retailer members reduce their costs and mitigate their brand, regulatory and financial risk,” said Mark Baum, Senior Vice President of Industry Relations and Chief Collaboration Officer of FMI. “We encourage all retailers to consider ReposiTrak because the results achieved are perfectly aligned with the strategic goals of FMI in the areas of food and product safety and defense, and social and environmental sustainability.”
The ReposiTrak Speed Retail Platform drives growth and supports all supply and demand chain activities for retailers, manufacturers, and their trading partners, consisting of three product families; Compliance & Risk Management, Supply Chain Solutions, and MarketPlace Sourcing and B2B Commerce. Delivered via one technology platform, all the applications are mutually reinforcing and work synergistically to create value and positive impact across the entire enterprise.
About Park City Group and ReposiTrak®
Park City Group (NASDAQ: PCYG) is a Software-as-a-Service (“SaaS”) provider that brings visibility to the consumer goods supply chain through its ReposiTrak, Inc. subsidiary. ReposiTrak is The Speed Retail Platform, with three product families; Compliance & Risk Management, Supply Chain Solutions, and MarketPlace Sourcing and B2B Commerce. The platform provides retailers and suppliers with a robust solution suite to help enhance operational control and increase sales, while enabling them to protect their brands, reduce risk and remain in compliance with regulatory requirements. More information is available at www.parkcitygroup.com and at www.repositrak.com.
