AfterBOT Honored At 11th VICS Achievement Awards
NORCROSS, GA, (June 12, 2008) – The Voluntary Interindustry Commerce Solutions Association (VICS) announced afterBOT as the winner of the 2008 VICS Collaborative Commerce Achievement Award for Best Third Party Service Provider at the VICS/UConnect Annual Conference held June 8-11 in Dallas at the Gaylord Texan Resort. The award honored afterBOT's industry leadership and excellence in developing and implementing business applications that significantly improve supply chain practices, partnerships, and performance. Winners of the VICS Achievement Awards were decided by votes of the VICS Board of Directors, which is composed of an elite Who's Who of industry luminaries.
"We are very proud to have won this award," said John Simon, CEO of afterBOT. "This honor is very significant for us because it validates the benefits of our solution while providing us with some well-earned recognition in the marketplace. We are at the forefront of an ongoing industry change whereby retailers and their suppliers greatly expand the scope of their collaborative efforts. We believe that the optimal solution for the industry will tightly integrate highly detailed Retailer sales and inventory performance with Supplier and Customer Relationship Management and this award proves that we are on the right track for extended supply chain collaboration as well as real-time Post Sales Transaction Management."
afterBOT's TransAccess® solution leverages an atomic-level Point-of-Sale (POS) transaction management database to deliver comprehensive, secure, unique views of POS transactions and summary data to retail employees, customers, and suppliers; improving operational efficiency, increasing marketing effectiveness and enabling an enhanced vendor collaboration platform. afterBOT's TransAccess™ application leverages industry standards to provide a "real time retailing" solution that stores, analyzes and transforms transaction data into actionable insights and customizable alerts across the extended retail enterprise; inclusive of both customers and suppliers. afterBOT's Supplier Connect is a web based supply chain collaboration tool which retailers and suppliers by providing daily sales by store by SKU information in order to drive operational efficiency, increase merchandising effectiveness and improve sales and margins.
The Voluntary Interindustry Commerce Solutions (VICS) Association has enabled companies in the retail and consumer-focused industries to eliminate billions of dollars of waste and delay. By creating voluntary guidelines, often referred to as "standards," VICS has created new best practices that ultimately lead to lower costs and better availability of products for consumers. VICS' volunteer members improve the flow of products and information throughout retailing and the consumer-focused industries that supply retail. The Association provides leadership and an environment in which executives can make a difference in their industry, their company performance—and their personal commitment to make the world work a little bit better. VICS' members help define the next best practices in the industries and thus anticipate and optimize business processes and costs. Additional information can be found at www.VICS.org.
afterBOT, Inc. combines a post sales transaction management infrastructure system, sales reporting tool and professional services to provide a comprehensive business management solution driving top and bottom line growth for retailers and their suppliers and customers through a suite of retailer, vendor, and consumer focused applications. afterBOT was founded in 2000 and is privately held; investors include Chrysalis Ventures, Blue Ridge Ventures, e-RM Ventures and Kenzie Lane. For more information visit us at www.afterBOT.com.