Ross Systems Announces Major Thrust in Food & Beverage Sector
B2B e-Commerce Key Strategy
ATLANTA, Jan. 24 /PRNewswire/ -- Ross Systems, Inc. (Nasdaq: ROSS), a leading supplier of enterprise systems, announced plans to initiate a major thrust in the food & beverage market focused around business to business e-commerce solutions. The food and beverage industry represents the largest segment of Ross' process manufacturing customer base today.
Ross will execute a two pronged strategy to improve its penetration within the food & beverage sector:
The company's enterprise software group is expanding its offering for the sector to include its new advanced planning and scheduling system, iRenaissance.APS, and its new food and beverage pricing system for complex, extended trading partner environments, iRenaissance PriceLink. These products are integrated with the company's popular enterprise resource planning system, iRenaissance.ERP. The combined offering is being packaged as iRenaissance.Food, Ross' Enterprise Relationship Management (ERM) solution for food & beverage companies.
The company's e-commerce subsidiary, Resynt.com, will be engineering specialized sell-side web sites for the food and beverage manufacturers that want to improve the management of their relationships with customers, distributors and brokers. The Resynt.com solution will be marketed under the CustomerLink brand name and combine the abilities to build e-commerce store fronts and product catalogues, support complex pricing needs, manage the company's knowledge repositories, integrate to the company's ERP system, and manage the technology infrastructure. Resynt.com will also provide extensive consulting implementation expertise to assist food and beverage organizations achieve their e-commerce goals.
"Ross presently services over 140 food & beverage companies in over 300 locations in 20 countries with its iRenaissance ERP Solutions," said Pat Tinley, President and COO of Ross Systems. "Food & beverage companies are increasing their investments in ERM and e-Commerce solutions to address three critical business drivers in their market: quality, customer service and low cost manufacturing. We have made and will continue to make major investments in our e-commerce and enterprise solutions to attack these issues. We are prepared to take advantage of the significant market opportunities available to us as a result."
"Food & beverage companies can reap huge returns from e-commerce solutions, not only through dramatic improvements in customer service, but sell-side web sites lower the cost of order processing significantly," said Tinley. "We strongly believe food & beverage companies who have not taken advantage of this technology over the next two to three years will have a difficult time competing."
In order to successfully launch e-commerce selling, food & beverage companies need a strong ERP backbone in place to organize costs, inventories, recipes, production, transportation and shipping. Ross' iRenaissance.ERM provides comprehensive code date checking, complete supply chain lot traceability and full quality management to improve quality and food safety. The combination of its ability to handle complex inventory management and the new Ross iRenaissance.APS allow manufacturers to improve demand forecasting, maximize the use of resources and lower manufacturing costs.
iRenaissance PriceLink allows manufacturers and distributors to manage the complex pricing inherent in the food and beverage industry, providing for a wide range of special promotions and deals. While PriceLink improves customer service, Resynt.com's custom e-commerce sell-side web sites help food and beverage manufacturers significantly lower the cost of order processing.
"We currently work with a wide range of food and beverage companies representing a wide diversity of products and supply chain complexity," said Tinley. "Our expertise and experience in providing consulting and implementation services for their enterprise solution needs allows us to minimize cost of ownership to provide a strong ROI for our customers and the market. Our business process modeling tools also help provide food and beverage industry best business practice templates that help our customers get running quickly and less expensively."
Statements in this announcement which express that the company "believes," "anticipates," "plans to.." or "should begin to ... " as well as other statements which are not historical fact, are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual events or results may differ materially as a result of the risks and uncertainties, including quarterly fluctuation of software product license revenue, weakening of customer demand, the company's maintenance of a minimal backlog, and other risks and uncertainties described in reports filed by the company with the SEC, including the annual report on Form 10-K filed for the year ended June 30, 1999, and the quarterly report on Form 10-Q for the quarter ended September 30, 1999.
Ross Systems, Inc. is a leading provider of enterprise software solutions for the process manufacturing, healthcare, and public sector markets. Ross Systems solutions are differentiated by their strong fit to specific industries, their strong product functionality and integration, the strong technology architecture found in the RNA architecture and the firm's ability to produce rapid results and ROI for its mid-market clients. iRenaissance.ERP comprises a broad range of applications including financials, manufacturing, supply chain management, maintenance management, transportation management, materials management, and human resources/payroll. iRenaissance.APS comprises a complete advanced planning system for process manufacturers. iRenaissance.CMS is a customer management system that allows process manufacturers to optimize their order management and relationship management with their customers. More than 3200 companies around the world use iRenaissance.ERP in open systems environments including NT and UNIX. Ross Systems has more than 60 offices around the world to serve its customers. Ross Systems, Inc, Two Concourse Parkway, Suite 800, Atlanta, Georgia 30328, 770-351-9600, 1-877-ROSS-INC, "http://www.rossinc.com"
Renaissance and GEMBASE are registered trademarks of Ross Systems, Inc. All other trademarks are the property of their respective holders.
SOURCE Ross Systems, Inc.
CO: Ross Systems, Inc.; Resynt.com
ST: Georgia
IN: CPR FOD MLM
SU:
01/24/2000 09:21 EST prnewswire.com |
