RedTail Solutions Debuts Global Data Synchronization Integrated With EDI in its RTTM Software as a Service Platform; Swiss Medica Leveraging Newly Introduced RTTM-XC(TM) to Support External Data Synchronization Requirements With Walgreens.WESTBOROUGH, Mass. -- RedTail Solutions, the leading provider of outsourced solutions for supply chain visibility including electronic trading Please help recruit one or [ improve this article] yourself. See the talk page for details. and global data synchronization Keeping data in two or more computers up-to-date so that each repository contains the identical information. Data in handheld devices and laptops often require synchronization with the data in a desktop machine or server. , today announced the release of its newest version of RedTail Transaction Manager(TM), which incorporates Xpress Conveyor (RTTM-XC(TM)). The first release of RTTM-XC is designed to satisfy the needs of consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and manufacturers (suppliers) that require a simple, easy way to load, maintain and publish product data through 1SYNC's data pool. Using RTTM-XC, suppliers can accomplish data synchronization as part of their EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. process. "Data synchronization based on industry standards is a fundamental requirement to garnering true operational efficiencies in transaction exchange and ultimately throughout the supply chain," said Steve Horton, chief marketing officer for RedTail Solutions. "By incorporating data synchronization and releasing RTTM-XC to the market as a single solution, we can eliminate many of the barriers faced by suppliers and increase the rate at which they will adopt global standards." RedTail customer Swiss Medica medica (māˑ·dē·k , a distributor of proprietary bioscience products, has adopted the enhanced platform to help satisfy retail trading-partner Walgreen's requirements for synchronizing item data. Swiss Medica was asked by Walgreens earlier this year to apply global data synchronization to its item data catalogue. Swiss Medica turned to RedTail Solutions for assistance. Within a few days, Swiss Medica was able to leverage the installed RedTail EDI interface (RTTM RTTM Real-Time Trade Matching (financial industry) RTTM Reduce To The Max (Daimler, Germany slogan) ) as its single source to perform ongoing EDI and global data synchronization (GDS GDS Global Distribution System GDS Google Desktop Search (Google) GDS Goodie Domain Service (Vienna University of Technology, Austria) GDS Guards ) activity through a single, integrated solution. "We already depend on RTTM for our daily EDI activity, which is tightly integrated to our corporate accounting system Business Vision," said Bill Margraf, logistics manager, Swiss Medica. "The ability to leverage a single solution to manage our new GDS requirement helped us to avoid the time and expense associated with finding a stand-alone solution. RedTail Solutions provided us with that out-of-the-box functionality as a GDS service that is basically an extension of what we are already doing with our outsourced EDI process." In July 2005, RedTail acquired the Xpress technology platform and all of its associated intellectual property, which was originally developed by Commerce One, a pioneer along with the Uniform Code Council (UCC An abbreviation for the Uniform Commercial Code. ) in the field of product data synchronization. RedTail incorporated the technology into its own Software as a Service (SaaS) platform to give middle-market and enterprise level companies fully integrated solutions that comply with standards for EDI, GDS and radio frequency identification See RFID. (RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. ). According to Patricia Meisner, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of RedTail Solutions, "A profound shift is occurring in the way that enterprise applications are purchased and delivered. Suppliers have become increasingly dissatisfied by time and resource-intensive application deployment cycles that cannot keep up with rapidly evolving standards and requirements for participation in today's global supply chain. RedTail's SaaS model provides suppliers with state-of-the-art capabilities to comply with the requirements of their key customers and to compete for their business at the highest level. General benefits to the supplier include reductions in cost, risk and the length of time it takes to recognize true value from RedTail's solution as compared to the investment made for in-house deployments." RedTail's solution now serves as a single-source system for EDI and GDS that is integrated with the supplier's product information. The RedTail SaaS platform will also provide access to EPC (1) (Entertainment PC) See HTPC. (2) (Electronic Product Code) A standard code for RFID tags administered by EPCglobal Inc. (www.epcglobalinc.org). global -IS (RFID information services See Information Systems. ) as it becomes available. Today it is serves as the basis for the handling of error-free transaction exchange and extending suppliers' visibility throughout the supply chain. RTTM-XC is available immediately with subscription pricing available for suppliers that wish to use the combined EDI and data synchronization capability, as well as for those who want to use RTTM-XC as a hosted solution for data synchronization only. About Swiss Medica, Inc. Swiss Medica is a publicly held company that commercializes proprietary bioscience products which relieve chronic ailments. Swiss Medica increases its market share through focused distribution strategies in multiple sales channels. Swiss Medica's mission is to be a world leader in the commercialization of life enhancing bioscience products that improve quality of lives. Please visit our websites at www.swissmedica.com ,www.O24zone.com and www.pmsescape.com. About RedTail Solutions, Inc. RedTail Solutions, Inc. is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , located in Westborough, MA. It enables suppliers to compete at the highest level in today's supply chain by providing a Software as a Service (SaaS) platform for b2b collaboration. This advanced platform provides a suite of hosted services via the Internet that can integrate seamlessly with middle-market systems like Microsoft Great Plains(R) to enterprise back office systems such as SAP(R). Through this hosted and integrated platform, suppliers can connect and trade through a single solution with their key customers as well as third-party logistics providers in warehousing and transportation. There are more than 300,000 suppliers that participate in the global supply chain today that can gain immediate benefits by using RedTail's fully integrated and automated electronic collaboration through a single solution, helping them to eliminate transaction errors, reduce penalties for non-compliance and ultimately to streamline business processes. For more information, visit www.redtailsolutions.com. All companies and products listed herein are trademarks or registered trademarks of their respective holders. |
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