Park City Group Partnership with Ralston Creek Capital Removes Financial Barriers to Scan-Based Trading
September 20 2017 - 8:30AM
Park City Group (NASDAQ:PCYG), a cloud-based software company
that uses big data management to help retailers and
suppliers 'Sell more, Stock less and See everything', is
partnering with Ralston Creek Capital, one of the leading providers
of working capital to suppliers engaged in Scan Based Trading
(SBT), to solve a critical financing challenge in the retail supply
chain. As part of the new relationship, Park City Group is
introducing Ralston Creek Capital to select customers to help
ensure they have the funding needed to both expand and maintain
current SBT relationships.
Under SBT, which is powered by Park City Group
technology, suppliers maintain ownership of inventory until the
product is sold (or scanned) by retailers, yielding increased sales
and profits for both parties. One of the biggest hurdles facing
companies moving to SBT is cash flow because banks and non-bank
institutions typically won’t finance consigned inventory. SBT
companies sometimes also need help getting started with SBT, which
requires them to buy back their inventory from retailers.
Ralston Creek Capital fills this inventory financing need so
suppliers can deploy SBT and grow their businesses.
“We are excited to have the opportunity to partner
with the leading technology provider in Scan Based Trading. The
combination of Park City Group’s platform and Ralston Creek
Capital’s financing solutions make it simple for suppliers and
retailers to engage in Scan Based Trading,” said Troy Propes, CEO
of Ralston Creek Capital.
Scott Storey, President of Ralston Creek Capital,
adds; “The retail channel continues to evolve and SBT is a key
strategy that is gaining traction and attention as a solution for
both retailers and suppliers. Our partnership will support those
forward-looking participants that are transitioning to Scan Based
Trading in order to take advantage of its immense benefits.”
“We’re pleased to join with Ralston Creek Capital
in providing this valuable service to our SBT customers. By adding
the financial capabilities of Ralston Creek Capital to our
innovative technology, suppliers will have optimal solutions to
meet their inventory management needs,” said Randall K. Fields,
Chairman and CEO of Park City Group.
About Park City
Group
Park City Group (NASDAQ:PCYG) is a Software-as-a-Service (“SaaS”)
provider that brings unique visibility to the consumer goods supply
chain, delivering actionable information to ensure products are
available when and where consumers demand them, helping retailers
and suppliers to ‘Sell More, Stock Less, and See Everything’. Park
City Group’s technology also assists all participants in the food
and drug supply chains to comply with food and drug safety
regulations through the Company’s ReposiTrak subsidiary. More
information is available at www.parkcitygroup.com.
About Ralston Creek CapitalRalston
Creek Capital is dedicated to filling the financing void for the
next evolution in retail. We provide working capital to suppliers
who are selling to retailers on consignment, also known as Scan
Based Trading (SBT). Ralston Creek Capital understands the
importance of the right capital structure to support growth and so
we work with suppliers engaged in SBT programs to provide the
financing needed to expand their business. More information is
available at www.ralstoncreekcapital.com.
Media
Contact
Ronald
Margulis
RAM
Communications
+1
908.272.3930
ron@rampr.com
Investor Contact Jeff Elliott Three Part
Advisors +1 972-423-7070 jelliott@threepa.com
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