ReposiTrak®,
the leading provider of Compliance
Management and Track
& Trace solutions for food, pharma and dietary supplement
safety, surpassed its summer 2015 target of 2,000 connections. Adoption
of ReposiTrak is being fuelled by retailers, wholesalers and suppliers
preparing to comply with the Food Safety Modernization Act (FSMA), which
is scheduled to begin implementation during August 2015.
Key drivers in ReposiTrak’s rising number of supplier connections are
its easy-to-use, automated onboarding system and its dedicated staff of
customer service and technical support personnel that, as necessary, can
help suppliers expedite the implementation process. Once on the system,
suppliers can easily share documents and where applicable, verify their
accuracy with an electronic signature. As documents are shared and
verified, and because of ReposiTrak’s alerts regarding inaccurate,
missing or expired documents and proactive follow up by the ReposiTrak
team, non-compliance rates have fallen by up to 70%.
“We continue to see accelerating growth in ReposiTrak as more senior
executives become aware of civil and criminal liability for their supply
chain’s compliance under FSMA,” said Randall K. Fields, CEO of Park City
Group. “We are dedicated to helping our clients implement ReposiTrak
quickly, so they can begin to more effectively manage their compliance
and reduce their risk as the FSMA implementation deadlines approach.”
Powered by Park City Group’s technology, the ReposiTrak platform helps
manage the regulatory, financial and brand risks associated with issues
of food, pharma and dietary supplement safety in the global supply
chain, all for approximately the price of a monthly cell phone bill per
connection. 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, expired or inaccurate 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 well as ensure
product authenticity.
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