SYSCO Joins Sodexo-iTradeNetwork Contract and Rebate Management (CaRMA) Program
CaRMA provides on-demand electronic communication, validation and synchronization of contract, sales, billback and performance data among manufacturers, distributors and operators resulting in timely and accurate payments, as well as lower costs on administrative programs.
Pleasanton, CA - May 21, 2008
iTradeNetwork (ITN) and Sodexo, the leading food and facilities management services company in North America today announced the participation and commitment of SYSCO in the Sodexo-ITN Contract and Rebate Management (CaRMA) program. SYSCO will collaborate online with Sodexo and dozens of key manufacturers to ensure agreement and accurate application of Sodexo contract terms.
Ann Oka, Senior Vice President of Sodexo Supply Management, said: "Sodexo is gratified to see that SYSCO, along with many other our strategic vendors, is supporting this important program. The program roll-out is in progress and CaRMA will enhance our contract management through better synchronization of data, better collaboration within our supply chain, and the provision of more timely, transparent information to selected supply chain partners."
"ITN continues to be excited about the roll out of the Sodexo - ITN CaRMA program, and we believe that SYSCO's participation is a key milestone. Thanks to the support of Sodexo, SYSCO and the other members of ITN's Foodservice Customer Advisory Council, CaRMA has now undergone years of testing and deployment. We believe that CaRMA will bring value and cost savings to Sodexo, SYSCO, and all participating distributors and manufacturers/suppliers, no matter their size. ITN will continue to focus on building our reputation as the leading provider of on-demand, eBusiness solutions for the food industry" said Robert Bonavito, Chief Executive Officer of iTradeNetwork.
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