Service Systems Associates Leverages iTradeNetwork`s Spend Management Solution

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Tue Apr 7, 2009 1:00pm EDT

Solution Will Reduce Costs to Help Fund Strategic Growth Initiatives
PLEASANTON, Calif.--(Business Wire)--
iTradeNetwork Inc. (ITN), the leading global provider of on-demand supply chain
management and intelligence solutions to the retail, hospitality and foodservice
industries, today announced that Service Systems Associates, has selected the
ITN Spend Management solution. The product will provide Service Systems
Associates` 25 food and beverage locations a turn-key solution to control costs
through purchase management, contract compliance and rebate tracking. 

"ITN is a critical component in our supply chain initiatives to build scalable
systems and processes that support our strategic growth plan over the next three
years," commented Tim Brantley, senior vice president and chief operating
officer at Service Systems Associates. "The best practices that ITN developed to
support their existing operator customers will get us up and running quickly and
give us the tools we need to compete in this challenging market." 

ITN`s Spend Management solution is a Web-based, hosted solution that allows
foodservice operators to ensure they are capturing the full value of their
contracts by easily monitoring and enforcing unit purchasing compliance while
identifying contract price variances, purchases eligible for rebates, SKU and
manufacturer rationalization and other cost saving opportunities. Spend
Management automates the collection, standardization and enrichment of
unit-level invoice data from distributors, eliminating time consuming and error
prone processes. The information is then presented in an intuitive application
that allows foodservice professionals to "manage by exception," leveraging
dashboard and alert capabilities that highlight exceptions and opportunities for
additional cost savings. 

"ITN is committed to helping foodservice companies of all sizes and segments
become more competitive in the face of the challenging economic environment,"
said Rob Bonavito, chief executive officer at ITN. "ITN delivers proven
solutions to manage food costs enabling customers like Service Systems
Associates to focus their resources towards strategic growth initiatives." 

About Service Systems Associates

Service Systems Associates manages retail and food service concessions at
museums, botanic gardens, zoos and aquariums in the United States, including the
San Francisco, Los Angeles and Denver Zoos, Pittsburgh Zoo and PPG Aquarium and
Monterey Bay Aquarium. They are a national leader in visitor service operations
for zoos and aquariums, serving over 16 million guests annually. Service Systems
Associates is celebrating 20 years of service in 2009. 

About iTradeNetwork, Inc.

iTradeNetwork, Inc. is the leading global provider of on-demand supply chain
management and intelligence solutions to the retail, hospitality and foodservice
industries. Built upon deep industry expertise, a rich data foundation and our
industries` most extensive trading partner network, ITN's collaborative
solutions allow distributors, manufacturers, operators retailers, suppliers and
wholesalers of all sizes to reduce cost, grow revenue and strengthen trading
partner relationships. Today, ITN's growing customer list includes over 5,500
global companies. For more information, visit www.itradenetwork.com. 

© 2009 iTradeNetwork, Inc. All rights reserved. iTradeNetwork and the
iTradeNetwork logo design are trademarks of iTradeNetwork, Inc. in the United
States and/or other countries. All other trademarks and registered trademarks
are property of their respective holders.





MWW Group
Meghan Fintland, 415-395-5906
415-202-4339 (mobile)
mfintland@mww.com

Copyright Business Wire 2009

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