Partnership Improves Efficiencies of Online Buying and Selling For Global Food Trade
GlobalFoodExchange.com, the largest and most active business-to-business marketplace for the $800 billion global food industry, and LAN Infosystems, Inc. announced today they have signed an exclusive agreement to integrate the Windows version of Net-Yield(c), LAN’s popular inventory and business management desktop application, with GlobalFoodExchange.com’s Internet-based trading platform.
As a result, businesses will be able to seamlessly accomplish true “one click” e-commerce transactions between GlobalFoodExchange.com and their company’s accounting and inventory systems. In addition, GlobalFoodExchange.com will market and distribute the single-user version of Net-Yield from the company’s web site, www.GlobalFoodExchange.com.
Through the use of the Net-Yield(c) desktop application, GlobalFoodExchange.com users will have the ability to initiate and complete electronic transactions involving purchases and sales of inventory completely online through the GlobalFoodExchange.com marketplace, without re-entering the information repetitively. The results will effectively eliminate “re-entry” errors, reduce time-loss, and dramatically reduce costly bookkeeping and clerical time associated with invoices and sales orders.
LAN Infosystems, Inc.’s Net-Yield application is recognized as the leading weight-based software application in the domestic seafood industry, dominating over 2000 desktops, including those of such industry leaders as Ducktrap River Farms, Ocean Beauty Seafood, Stavis Seafoods, and Morey Fish. Over $3 Billion of seafood transactions are already handled by Net-Yield(c) systems on an annual basis.
“This is a win-win situation in the seafood industry,” said Mark Moore, president and co-founder of GlobalFoodExchange.com. “The superiority of the Net-Yield desktop software, particularly its core inventory and tracking component, allows us to offer a truly seamless e-commerce solution to the desktop level which is integrated directly through our Internet platform. With this addition, we can provide a true full service supply chain solution to our users.”
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“We considered other portals, but GlobalFoodExchange.com’s future goals are most closely aligned with our own,” commented Mark Bennie, president and founder of LAN Infosystems, Inc. “GlobalFoodExchange.com’s professional approach, valuable experience in many vertical markets and proven transaction record lead us to believe that it will not only survive the next critical phase of B2B development, but also position itself as a key player in the global food trade.”
GlobalFoodExchange.com is currently the most active business-to-business marketplace in the $800 billion global food trade with 8.2 million pounds transacted and 1,700 qualified registered users. GlobalFoodExchange.com hosts poultry, seafood, produce, meat, and dairy exchanges and provides users with additional value-added services, including industry news, market pricing and logistical support. Recently, the company announced that it has integrated a number of new services and features into the site, including business reporting through Dun & Bradstreet, logistics through leading providers including Aqua-Gulf and news content partnerships with Watt Publishing.
GlobalFoodExchange.com is the largest and most active business-to-business marketplace for the $800 billion global food trade. Founded in 1999, GlobalFoodExchange.com is setting the standard for a new way to trade in the food industry and to manage the complex food supply chain. Through superior technology and dedicated customer service, GlobalFoodExchange.com is bringing the efficiency of e-commerce to the large and fragmented global food industry while preserving and enhancing crucial personal relationships. A full service solution, GlobalFoodExchange.com connects buyers and sellers of high-value food products including: poultry, seafood, produce, meat, dairy and specialty commodities. For more information call 404.872.4489 or visit www.GlobalFoodExchange.com.
About LAN Infosystems, Inc.
LAN Infosystems, Inc. distributes Net-Yield(c) software, the most popular weight-based inventory and full featured business accounting system in the seafood industry. Founded in 1986, LAN has developed the Net-Yield(c) product based on the feedback from hundreds of seafood companies, from traders to processors, and import/exporters to distributors. Net-Yield(c) provides customers with the ability to compute actual yields obtained in the processing of weight-based products, instead of simply using industry averages. The software also allows uncosted inventory to be recorded, a valuable feature in an industry with such fast moving products as the seafood business. For more information, contact LAN Infosystems, Inc. at 781-849-0901 or visit their web site at www.laninfo.com