the leading provider of Compliance
Management and Track
& Trace solutions for food safety exclusively endorsed by FMI
announces record growth in new supplier implementations. This growth is
attributable to several new upgrades that include centralized
registration, allowing new suppliers to opt-in to any retailer or
wholesaler program available on ReposiTrak, and the use of digital
signature and optical character recognition (OCR),
which makes both signing up and providing information to the system
faster and easier.
"Being able to electronically sign customer-required documents
eliminates 80% of the time spent during the document uploading process.
Customers no longer have to open the document, download a hard copy,
manually sign it, scan the signed copy and re-upload it," said Kent
Rice, Vice President of Professional Services, Park City Group. "In
addition, the system can now scan document text using optical character
recognition to confirm key values or words, such as the level of
insurance coverage or date of expiration."
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, which not only receives,
stores, and shares documentation, but also manages compliance through
dashboards and alerts for missing or expired documents; and the Track &
Trace system, which 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 we get closer to FSMA deadlines in August, we expect to see
continued growth in the adoption of ReposiTrak as more executives become
aware of both the increased requirements and increased personal
responsibility for their supply chain's compliance," said Randall K.
Fields, Chairman and CEO of Park City Group. "This responsibility and
required action parallels what the industry experienced in 2002 with
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
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
Ronald Margulis, +1