RedTail Solutions Announces Major 2006 Achievements.
WESTBOROUGH, Mass. -- RedTail Solutions, a provider of on-demand electronic trading solutions for EDI and data synchronization, today announced major achievements for 2006 in several areas, including growing its customer base by 40% and revenue base by 100% over the previous year.
In expanding its customer base, RedTail added larger companies such as Prestige Brands, one of WalMart's larger suppliers. In addition, increased business led to RedTail more than doubling the electronic transactions it processed on behalf of its customers.
"We are excited about completing a successful 2006 and remain committed to focus on building ROI for middle market suppliers by delivering software as a service based upon supply chain best practices," said Patricia Meisner, CEO of RedTail. "In 2007 we will continue to innovate and add integrated RFID capabilities to our EDI and data synchronization offering."
Growth in 2006 was fueled by the release of new service-based solutions for Microsoft Dynamics (Great Plains) and SAGE MAS 500 users. In addition, RedTail released enhanced advance ship notice (ASN) functionality that can support both high-volume batch processing as well as "drop ship" business processes. Both of these are rapidly expanding for suppliers as consumers increase online ordering with large retailers. Moreover, RedTail enhanced functionality to enable suppliers to exchange data seamlessly with their remote warehouses.
RedTail also targeted a specific solution for pharmaceutical manufacturers that supports price reconciliation and rebates between manufacturer, distributor and end-user, with integration to their contract management software
About RedTail Solutions, Inc.
RedTail Solutions, Inc. is a privately held company, 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 Dynamic (Great Plains) 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 500,000 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 interface, 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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|Date:||Feb 14, 2007|
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