News

Internet Trading Network Offers Distributors Opportunity to Increase Sales

YARDLEY, PA, May 27, 2005 - Prophet 21 announces the availability of Trading Partner Connect for Faspac 5.0.

Prophet 21 Trading Partner Connect, the fastest growing Internet trading network for distributors expedites sourcing, expands geographic reach, and streamlines transactions between distributors and manufacturers.

"Trading Partner Connect will help our Faspac customers streamline their processes, increase sales, and reduce costs while strengthening their position in the competitive marketplace," said Chuck Boyle, president and CEO of Prophet 21. "Trading Partner Connect will allow our Faspac customers to more quickly source items and thereby improve customer service."

Streamlining processes between manufacturers/suppliers and distributors, Trading Partner Connect enables distributors to exchange data directly from their Faspac solution. Distributors can see real-time availability information, receive order acknowledgements and invoices, and update pricing electronically, thus eliminating the need to re-key information. Manufacturers benefit from reduced supply chain costs, increased connectivity, and improved customer service.

Revolutionize The Industry

Strong Tool Company, a Cleveland, OH-based distributor of hand tools, abrasive products, and safety equipment, uses Trading Partner Connect to purchase inventory from three of its major manufacturers. According to Kathy Caric, operations manager-east, the network has helped Strong Tool improve customer service.

Caric says that products often arrive a day earlier than if a Strong Tool representative had faxed a purchase order. "Because orders go directly into our suppliers' systems, service levels improve here," she says. "Also, because Trading Partner Connect eliminates the need to re-key orders, it greatly reduces data entry errors - improving order accuracy."

Functionality in Trading Partner Connect includes:

• Source millions of items from hundreds of trading partners in real time. Trading Partner Connect provides a rationalized catalog against which your inventory is matched and viewed by hundreds of Trading Partner Connect members.
• Eliminate EDI VAN charges when interacting with other Trading Partner Connect members. Trading Partner Connect fulfills relationship offers and replaces value add networks (VAN) within network members. With out of network members, Trading Partner Connect greatly reduces VAN charges.
• Use your own item codes by matching inventory against a catalog with millions of items. Trading Partner Connect acts as a translator, with everyone maintaining their own item codes in the privacy of their own solution.
• Reduce dead stock by forming trading relationships with distributors who are actively selling stock that you have marked as inactive in your solution. Members choose what types of dead stock they would like to see and can view all distributors offering that particular product line.
• And Much More

Pricing and Availability

Trading Partner Connect version 10.0 is currently available. For additional information and pricing, please visit www.p21.com, e-mail info@p21.com, or call 1-800-776-7438, press 1.

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