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.
Copyright Business Wire 2015