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May 15, 2003<
FULLTILT AND T4G ANNOUNCE A COMPLETE SOLUTION FOR PRODUCT INFORMATION MANAGEMENT AND DATA SYNCHRONIZATION IN THE RETAIL INDUSTRY
Solution Provides Way For Retail Industry to Increase Sales, Lower Expenses, Improve Customer Satisfaction and Optimize Collaboration with Trading Partners
KING OF PRUSSIA, PA - FullTilt Solutions, Inc. (www.fulltiltsolutions.com), the leading provider of Product Information Management (PIM) software and a premier custom software development and integration services firm, and T4G Limited (www.t4g.com), a premier North American full-service technology consulting company, today announced a total solution for product information management and data synchronization in the retail industry.
I-Accel™ is a comprehensive, browser-based software product offering a shared enterprise-wide repository with flexibility that allows it to be used by manufacturers, distributors, retailers, industry exchanges and data pools across multiple industries. T4G is the leader in delivering content and data services to the retail industry and some of the world's largest retail and consumer goods companies. This combination of comprehensive PIM software with proven expertise in retail content management provides an unmatched solution to the retail industry.
"The combination of I-Accel and T4G will help retailers support a multi-channel selling environment and will deliver a high return on investment to them." said Bob Moyer, president of FullTilt. "Publicly available high profile business case analysis shows that product data synchronization helps companies increase revenue and decrease costs by reducing invoicing and purchase order errors, reducing invoice deductions, reducing returns, reducing days sales outstanding, freeing up sales professionals' time, decreasing the time required to introduce new items and by just making it easier for customers to do business with them."
The retail industry is currently faced with the enormous challenge of sharing product information through global trading networks. Internally, companies face challenges such as producing and updating content in a timely fashion, leveraging existing media assets, translating copy to additional languages, assuring the quality of customer-facing information and doing it all quickly and cost-effectively. Companies must also deliver accurate and current product information to multiple exchanges, channels, data pools, and trading partners in many different exacting formats.
Added to that, retailers need to soon comply with the Global Trade Item Numbering (GTIN) data structure. The Uniform Code Council has set January 1, 2005 as the target date for North American companies to accept the GTIN's 13-digit EAN.UCC code already in use outside of North America, and the newest standard, EAN.UCC-14.
"We've identified I-Accel as a premier product information management tool and a technology that can really help the retail industry," said Geoff Flood, President of T4G Limited. "We believe that this joint venture will provide retailers with relief to some of the significant product data issues they face."
According to Paula Rosenblum in The AMR Research Report, February, 2003, "Retailers need an enterprise data repository to take advantage of the opportunities that emerging global data synchronization standards will create. Global data synchronization standards may not be a cure-all, but they will certainly remedy numerous ills in retailer-supplier relationships. Furthermore, to leverage Business-to-Business (B2B) data synch, retailers must also have their internal counterpart, what AMR Research calls the Enterprise Data Repository (EDR) - a single, comprehensive, and extensible data repository to be used by multiple applications."
About FullTilt Solutions
Founded in 1987, FullTilt Solutions Inc. is the leading provider of Product Information Management software and a premier custom software development and integration services firm. FullTilt's I-Accel is a comprehensive, browser-based Product Information Management solution with a shared enterprise-wide repository, configurable workflow and role-based security that enables companies to create product data from disparate sources and standardize it using product domain expertise. Product information can then be delivered in virtually any format within and beyond the enterprise. Global manufacturers, distributors, retailers and exchanges in many industries rely on I-Accel to increase revenue, decrease expenses, provide higher levels of customer satisfaction and improve collaboration with trading partners by optimizing their product related business processes and improving the quality of their product information. FullTilt Solutions is headquartered in Philadelphia, PA. FullTilt is backed by leading venture capital firms including Grotech Capital, Mellon Ventures and William E. Simon and Sons. To learn more about I-Accel, please visit the product website at www.i-accel.com.
About T4G
T4G was founded in 1995 by a group of seasoned IT professionals who believe in the Intelligent Application of Technology™ for business. We provide fully integrated solutions in business-to-business and business-to-consumer situations that span strategic planning, infrastructure deployment, application development, interface design & communications and multi-channel information delivery in the knowledge management and business intelligence arenas. We operate Content Services operations in Saint John, New Brunswick dedicated to helping clients solve their content problems cost-effectively. T4G's clients include many leading Canadian and international corporations, including Sears Canada, Staples, L.L. Bean, Victoria's Secret and others. For additional information about T4G, visit the company's Web site at www.t4g.com, T4G is a registered trademark of T4G Limited. All other product names mentioned herein are the trademarks or registered trademarks of their respective holders.
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