MINNEAPOLIS, May 22, 2012 (GLOBE NEWSWIRE) -- SPS Commerce (Nasdaq:SPSC), a leading provider of on-demand supply chain management solutions, today announced the release of Trading Partner Intelligence – EDI Compliance, a new service that helps retailers understand vendors' compliance with their electronic trading requirements and proactively address any trends or issues. The cloud-based module includes an EDI Compliance Scorecard that enables buyers and vendors to partner and improve the accuracy, content and timeliness of EDI data. Vendors can also access their performance data to continuously track and improve their compliance.
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The Trading Partner Intelligence - EDI Compliance module helps retailers maximize their EDI investment by monitoring and improving vendor compliance after initial testing and certification. Retailers can use SPS' service to analyze trends in key areas including:
- Document correctness: are vendors sending documents that meet EDI syntax and retailer-specific requirements?
- Document content: how often does the retailer receive all of its mandatory fields?
- Document timeliness: is the retailer receiving EDI documents within required timelines?
- Document volume: what documents do vendors trade and which vendors are the most active by document?
"This new service equips retailers and vendors with access to real-time compliance data to encourage collaboration and performance improvements throughout the course of the trading relationship," said Archie Black, CEO of SPS Commerce. "Several of our retail customers are already looking forward to using the new service with their vendors as they strive for more efficiency across their global supply chains."
Learn more about Trading Partner Intelligence for Retailers' EDI Compliance module at http://www.spscommerce.com/servicesandtech/tradingpartnerintelligence/trading-partner-intelligence-for-retailers-edi-compliance.html or visit booth #403 at the GS1 Connect 2012 on June 4-7, 2012, in Las Vegas.
About SPS Commerce
SPS Commerce is a leading provider of on-demand supply chain management solutions and the Retail Universe community, providing integration, collaboration, connectivity, visibility and data analytics to thousands of customers worldwide. We deliver our solutions over the Internet using a Software-as-a-Service model to improve the way the retail supply chain community of suppliers, retailers, distributors and other customers build their trading partner relationships and manage and fulfill orders. Our Retail Universe hosts profiles of thousands of retail supply chain members, and enables retailers, suppliers and 3PLs to find, connect and form new business partnerships based on product or integration requirements. The SPSCommerce.net platform features pre-built integrations used by current and new customers alike, spanning 3,000 order management models across 1,500 retailers, grocers and distributors, as well as integrations to over 100 accounting, warehouse management, enterprise resource planning, and packing and shipping applications. More than 45,000 customers across more than 40 countries have used SPSCommerce.net, making it one of the largest trading partner integration centers. SPS Commerce has achieved 45 consecutive quarters of increased revenues and is headquartered in Minneapolis. For additional information, please contact SPS Commerce at 866-245-8100 or visit www.spscommerce.com or www.retailuniverse.com.
SPSCommerce.net and the SPS Commerce logo are the property of SPS Commerce, Inc. Retail Universe is a service mark of SPS Commerce. All other names and trademarks are the property of their respective holders.
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Cautionary Note Regarding Forward-Looking Statements
Any statements in this release that are not historical or current facts are forward-looking statements. All forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Certain of these risks and uncertainties are described in the "Risk Factors" section of our most recent Annual Report on Form 10-K and other required reports, as filed with the SEC, which are available at the SEC's Website at http://www.sec.gov.
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