RollStreamNews & Events
SPS Commerce Selects RollStream to Expand Trading Partner Onboarding and Supply Chain Collaboration
MCLEAN, Va. and MINNEAPOLIS, Minn., August 18, 2010 - RollStream, and SPS Commerce, a leading provider of on-demand supply chain management solutions, today announced a partnership to help retailers operate more efficiently by RollStream Registration into their community of trading partners and establish their vendor directory as the platform for master data management and ongoing collaboration.
“During SPS’ vendor enablement programs, we interact with many individuals within a vendor’s IT, sales, and logistics departments,” commented Archie Black, president and CEO of SPS Commerce. “As a result of each program, we can help a retailer or distributor to cleanse their vendor master data, augmenting it with a variety of appropriate contacts. With RollStream, this information can become even more valuable. To promote supply chain collaboration, retailers can place these trading partner contacts into a dynamic vendor directory that is similar to profiles used by social networking sites.”
The partnership will also extend the SPSCommerce.net platform to include an online trading partner network that retailers can use to quickly source or identify desirable characteristics for efficient trading, for example, locating vendors that are willing to do drop shipments to individual customers. Once located in the network, retailers will also be able to engage potential vendors in online sourcing conversations and the exchange of rich multimedia, documentation, or marketing information to speed buying decisions.
The initiative pairs SPS Commerce’s supply chain solutions and RollStream’s community management platform to drive new supply chain efficiencies, improve business performance and ease trading partner collaboration.
“Combining SPS Commerce’s solution with RollStream’s collaboration platform to accelerate the vendor onboarding process is key to increasing revenues for retailers,” said Kristin Muhlner, CEO of RollStream. “By automating the onboarding and vendor discovery process, our joint solution will enable theses processes to be executed with fewer resources, and increase the quality of data captured directly from the vendors.”
RollStream’s Suite of Online Tools tools enables trading partner company profile and eCommerce credential capture, and traceable mass communications. In addition, RollStream automates critical business-to-business activities such as supplier registration, vendor compliance and risk management, and collaborative dispute resolution. These tools can work in concert with SPS’s multi-tenant SaaS solutions that provide a retailer’s trading partners with an intelligent way to execute orders. The result is greater functionality, seamless integration and reliability with less cost and risk than traditional software.
About RollStream
RollStream Inc. is the leader in enterprise community management. The company’s SaaS product optimizes supplier relationships through a powerful collaboration platform that includes master data management, robust communications tools, and process applications Industry leaders such as Tesco, CVS, and Ahold USA use RollStream to realize the full potential of their extended supplier community through activities such as supplier registration, compliance and risk management, and dispute resolution. Learn more at http://www.rollstream.com or http://www.twitter.com/rollstream.
About SPS Commerce
SPS Commerce is a leading provider of on-demand supply chain management solutions, providing integration, collaboration, connectivity, visibility and data analytics to thousands of customers worldwide. We deliver our solutions over the Internet using a Software-as-a-Service model to improve the way suppliers, retailers, distributors and other customers manage and fulfill orders. Our SPSCommerce.net platform features pre-built integrations used by current and new customers alike, spanning 2,700 order management models across 1,300 retailers, grocers and distributors, as well as integrations to over 100 accounting, warehouse management, enterprise resource planning, and packing and shipping applications. More than 35,000 customers across more than 40 countries have used SPSCommerce.net, making it one of the largest trading partner integration centers. SPS Commerce has 38 consecutive quarters of increased revenues and is headquartered in Minneapolis. For additional information, please contact SPS Commerce at 866-245-8100 or visit http://www.spscommerce.com.
ROLLSTREAM CONTACT
Leah Wilkinson
WilkinsonShein for RollStream
(703) 907-0010
SPS COMMERCE CONTACTS
Kay Rindels
SPS Commerce
866-245-8100
Kim Baker
PAN Communications
978-474-1900
SPS Commerce is a registered trademark of SPS Commerce, Inc. SPSCommerce.net and the SPS Commerce logo are the property of SPS Commerce, Inc. All other names and trademarks are the property of their respective holders.
Cautionary Note Regarding Forward-Looking Statements
Any statements in this release that are not historical or current facts are forward-looking statements. All forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Certain of these risks and uncertainties are described in the “Risk Factors” section of our Registration Statement on Form S-1 and other required reports, as filed with the SEC, which are available at the SEC’s Website at http://www.sec.gov.
Retailers & Manufacturers Quickly Adopt Online Network for CPSIA Compliance
Exchange popularity increases as Consumer Product Safety Commission approves methods to assess up to $100,000 per-violation penalties
Alexandria, VA - May 26, 2010 - More than ten major retailers, representing over $150 billion in chain drug sales, have joined the Certificate Exchange Network (CEN) offered by the National Association of Chain Drug Stores (NACDS) and RollStream. The CEN is an online network where retailers and manufacturers can securely post or link to existing product safety certificates to demonstrate compliance with the Consumer Product Safety Improvement Act of 2008 (CPSIA).
The CPSIA of 2008 imposes new document sharing requirements regarding product safety testing certificates on certain consumer products. Products covered under the legislation must have paper or electronic certificates of conformance that indicate the products have been tested, do not exceed specific substance levels, and in some cases have been packaged following U.S. Consumer Product Safety Commission (CPSC) guidelines. These products are wide-ranging, and ultimately will include everything from toys to printer cartridges, bandages, over-the-counter medications and prescription medications.
“The Certificate Exchange Network can mean the difference between knowing where the most up-to-date certificates are located when they are needed, and not,” said Rick Cognetti, Vice President, Retail Merchandising at Kinney Drugs. “So working with Kinney Drug trading partners in the network to avoid governmental fines makes perfect sense.”
On March 16, 2010, the CPSC voted to approve a final rule interpreting factors to be considered when seeking a civil penalty amount for knowing violations of CPSC laws. As a result of the CPSIA, the maximum penalty for each violation of the Consumer Product Safety Act (CPSA), the Federal Hazardous Substances Act (FHSA), and Flammable Fabrics Act (FFA), increased from $8,000 to $100,000. Maximum penalty amounts for a related series of violations increased from $1.8 million to $15 million.
“Ensuring compliance with all regulatory requirements, particularly those relating to product safety, is critical to our business,” said Nancy Secours, Senior Director of Supply Chain Operations at Pfizer. “The zero-install and strong usability, of the NACDS-backed solution made selecting the CEN the logical choice for us.”
NACDS purposely partnered with RollStream to make it easy for their members to directly post GCC’s to the network or provide links to certificates stored on their website. Also, with a simple, easy-to-use browser interface, retailer members can securely download product certificate needed to demonstrate CPSIA compliance within seconds. This allows retailers and manufactures to significantly reduce their risk of non-compliance.
To register for the CPSIA Certificate Exchange Network go to: http://www.cpsiainfo.com
The National Association of Chain Drug Stores (NACDS) represents 154 traditional drug stores, supermarkets, and mass merchants with pharmacies – from regional chains with four stores to national companies. NACDS members also include more than 900 pharmacy and front-end suppliers, and over 70 international members from 24 countries. Chains operate 37,000 pharmacies, and employ more than 2.5 million employees, including 118,000 full-time pharmacists. They fill more than 2.5 billion prescriptions annually, which is more than 72 percent of annual prescriptions in the United States. The total economic impact of all retail stores with pharmacies transcends their $815 billion in annual sales. Every $1 spent in these stores creates a ripple effect of $3.82 in other industries, for a total economic impact of $3.11 trillion, equal to 26 percent of GDP. For more information about NACDS, visit www.NACDS.org.
RollStream Inc. is the leader in enterprise community management. The company’s Software as a Service product optimizes supplier relationships through a powerful platform that includes supplier master data management, robust supplier collaboration tools, and business-to-business process applications.
Industry leaders use RollStream to realize the full potential of their extended supplier community through activities such as supplier registration, compliance and risk management, and dispute resolution.
To learn more visit http://www.rollstream.com or http://www.twitter.com/rollstream
How the Consumer Product Safety Improvement Act Could Forever Change the Supply Chain
April 9, 2010
“The CPSIA may have created new challenges for the supply chain, but it also creates new opportunities. Companies are now using these new compliance mandates as a way to rethink how they share data, embracing the supply chain as a community where information can be rapidly disseminated and democratized. Making supply chains social means making them transparent...”
GXS Integration Customer Forum 2010
October 20 -22, 2010
Gaylord National Resort & convention Center, National Harbor, MD - By Invitation Only
Procurement Leaders Forum - Boston
September 29, 2010
The State Room
Sixty State Street, 33rd Floor
Boston, MA 02109
RollStream and top procurement, sourcing and supply chain management professionals from leading worldwide organizations will discuss the innovation, skills and strategy required to shape the future of procurement.
2010 NACDS Pharmacy & Technology Conference
August 28 - 31, 2010
San Diego Convention Center
San Diego, CA
Join RollStream and more than 130 retail chain drug stores, supermarkets, and mass merchants focused on bringing efficiencies to their pharmacy, distribution and marketing operations with new technology solutions. Learn how industry leaders Pfizer, Kinney Drugs, and others are leveraging the NACDS Certificate Exchange Network to securely exchange product safety certificates to demonstrate compliance with the Consumer Product Safety Improvement Act of 2008 (CPSIA).
