SALT LAKE CITY, Jan. 16, 2018 (GLOBE NEWSWIRE) -- Park City Group’s (NASDAQ:PCYG) ReposiTrak Inc., the world’s only sourcing, compliance management and advanced commerce platform for retailing, announces that one of the largest grocery retailers in the United States has deployed ReposiTrak® to manage its sustainability documentation for trading partner compliance within the extended supply chain. The retailer, which operates more than 1,500 stores, is achieving much higher compliance levels by using the ReposiTrak solution to confirm certifications for matters like organics, fair trade, non-GMO and packaging from suppliers and distributors.
“Sustainability is an issue of growing importance for consumers, so we are thrilled this trendsetting, global company is using ReposiTrak to enhance its already sterling reputation and reduce its brand, regulatory and financial risk. We’re even more pleased they are seeing such significant success with our solution so quickly,” said Randall K. Fields, Chairman and CEO of Park City Group and ReposiTrak.
“Our team is proud that ReposiTrak is enabling the collection and maintenance of environmental data and documentation to support the aggressive sustainability goals of this valued customer,” continued Fields. “Other retailers are now expressing interest in using ReposiTrak as their platform of choice to track and grade their sustainability requirements for both private label and branded suppliers. At this point, we are honored that three of the five largest supermarket chains in the U.S have adopted ReposiTrak.”
ReposiTrak, a wholly owned subsidiary of Park City Group (NASDAQ:PCYG), helps retailers control risk, reduce supply chain expense and grow sales via a unique technology solution platform. From new supplier discovery, vetting and onboarding using ReposiTrak MarketPlace, to risk mitigation via automated compliance management solutions, as well as a suite of advanced commerce solutions including scan-based trading and automated ordering, ReposiTrak helps retailers grow market share and increase their competitiveness in today’s dynamic retail environment.
About ReposiTrak
ReposiTrak, Inc. is a wholly-owned subsidiary of Park City Group (NASDAQ:PCYG) and was co-founded with Leavitt Partners. ReposiTrak® provides food retailers and suppliers with a robust solution to help them protect their brands and remain in compliance with the rapidly evolving regulations in the Food Safety Modernization Act. Additionally, ReposiTrak enables traceability as products and their ingredients move between trading partners and now helps customers source new compliant suppliers and drive sales through MarketPlace. More information is available at www.repositrak.com.
About Park City Group
Park City Group (PCYG) is a Software-as-a-Service (“SaaS”) provider that brings unique visibility to the consumer goods supply chain, delivering actionable information to ensure products are available when and where consumers demand them, helping retailers and suppliers to ‘Sell More, Stock Less, and See Everything’. Park City Group’s technology also assists all participants in the food and drug supply chains to comply with food and drug safety regulations through the Company’s ReposiTrak subsidiary. More information is available at www.parkcitygroup.com.
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