Trading network logs $400 million in transactions
YARDLEY, Pa. - Prophet 21 Training Partner Connect, an Internet trading network for distributors announced the processing of more than $400 million in manufacturer-distributor transactions since its introduction in 2001.
The program was designed to help streamline processes between manufacturers, suppliers and distributors by enabling them to exchange data directly from their back-end systems. According to the company, distributors can see real-time availability information, receive order acknowledgements and invoices, and update pricing electronically.
More than 300 distributors and 30 manufacturers are members of the Internet trading network.