April 1, 2015 | Salt Lake City, Utah – ReposiTrak, the leading provider of Compliance Management and Track & Trace solutions for food safety exclusively endorsed by FMI and ROFDA, announces today that it has developed a New Vendor Portal available to all ReposiTrak customers. The New Vendor Portal helps reduce their risk by confirming compliance on required documentation, such as insurance coverage and audits, before a new vendor agreement is signed and the first purchase order is cut.
For many customers, the New Vendor Portal will help streamline and automate the vendor approval process, saving both time and labor costs. New vendors will be directed to ReposiTrak to load compliance documentation, vendor information, and sign the vendor contract with an electronic signature. The ReposiTrak system will then review all documents for accuracy and compliance, and notify ReposiTrak customers and new vendors of approvals or issues of non-compliance.
Powered by Park City Group’s technology, the ReposiTrak platform helps manage regulatory, financial and brand risk associated with issues of food safety in the global food supply chain. The platform consists of two systems. The Compliance Management system not only receives, stores, and shares documentation, and but also manages compliance through dashboards and alerts for missing, expired or inaccurate documents. The Track and Trace system quickly identifies the supply chain path taken by a product in the unfortunate event of a product recall. It can reduce the risk in the supply chain by identifying backward chaining sources and forward chaining recipients of products in near real time.
“As FSMA finalization approaches this year and the risk of litigation continues to increase, we find that many of our customers are looking to do business with vendors that share their commitment to safety and compliance,” said Randall K. Fields, Chairman and CEO of Park City Group. “It only made sense for us to take compliance management back to the point of vendor approval to enable these business partnerships to more effectively manage risk.”
About ReposiTrak
ReposiTrak, Inc. is a collaboration between Leavitt Partners and Park City Group. ReposiTrak provides food retailers and suppliers with a robust solution to help protect their brands and remain in compliance with rapidly evolving regulations in the Food Safety Modernization Act. Powered by Park City Group’s technology, ReposiTrak is an internet-based solution that enables all participants in the farm-to-table supply chain to easily manage records management and regulatory compliance. Additionally, ReposiTrak enables traceability as products and their ingredients move between trading partners. More information is available at www.repositrak.com.
About Park City Group
Park City Group (NASDAQ:PCYG) is a Software-as-a-Service (“SaaS”) provider that brings unique visibility to the consumer goods supply chain, delivering actionable information that ensures product is on the shelf when the consumer expects it to be. Park City Group’s services enable customers to “Sell More, Stock Less, and See Everything”. More information is available at www.parkcitygroup.com
Media Contact | Ronald Margulis | RAM Communications | +1 908.272.3930 | ron@rampr.com
