Released on: September 4, 2008, 5:56 pm

Press Release Author: Thomas R. Cutler

Industry: Software

Press Release Summary: TraceGains’ Richard Ross Reveals Value Traceability in AS411



Press Release Body: Richard Ross, Director of Industry Relations for TraceGains, a
leading SaaS (Software-as-a-Service) traceability/profitability solutions provider,
was quoted in AccountingSoftware411, “As the concept of “value traceability” becomes
even more understood in the business world, the return on investment may be even
higher than 330%. The marketplace still does not fully recognize all of the benefits
of either the upstream preconditioning attributes studied, nor the full benefit of
having a third-party traceability system supporting the claims.” It is likely that
when these concepts are more commonplace, the value associated with an animal with
these upstream attributes and with a third-party traceability claim will increase.
There will be even more value for the whole chain when downstream purchasers, many
owners removed from the upstream owner who administered the value-added processes,
realize additional benefits from the attributes that are certified. Manufacturing
journalist Thomas R. Cutler discussed the role of TraceGain’s Positively Assured
Traceability systems in AccountingSoftware411. The entire feature can be read at
http://www.accountingsoftware411.com/Press/PressDocView.aspx?docid=10143.

According to Cutler, “CFO’s and other financial executives from the food and
beverage industry often grimace over the price of regulatory compliance, asserting
these governmental mandates create expenses that go straight to the bottom-line. In
fact, traceability can boost profits. Several published, large-scale university
studies confirm the high potential ROI (return-on-investment) from installing
Positively Assured Traceability systems. ROI’s of greater than 300% are verifiably
documented.”


The results of these data are statistically significant based on a very large number
of real-world, market measurements. TraceGains’ Ross concludes, “CFO’s and all food
and beverage business executives can improve their profitability by adding
Positively Assured Traceability programs to their current operations. Rather than
driven solely by quality professionals attempting to meet regulatory mandates,
cost-efficient profitability results are driving the imperative to these
traceability profit boosters.” The efficacy of traceability extends throughout the
entire food supply chain, from grower producer to aggregator; from manufacturer or
processor to distributor…all the way to the grocery retailer. Traceability as a
profit center impacts much more than beef…just ask tomato-growers.

TraceGains, Inc. (www.tracegains.com) was founded in 1998 with a 100% focus on
Positively Assured Traceability™. The company has a patented delivery system—14
patents granted and growing—and also is an authorized Issuer of United States
Department of Agriculture Process Verification Program (PVP) Label.

By providing real-time, bi-directional Positively Assured Traceability for food,
beverage, and CPG supply chains, TraceGains reduces risks to the corporation and its
executives, who may become personally liable in case of a recall, if unable to
comply with the FDA’s 24-hour traceability requirement.

Positively Assured Traceability provides protection to subscribing companies by
delivering:

• Continuous attribute visibility for each incoming ingredient receipt.

• Identity preservation of each received material across commingling,
batching, blending, transformation, co-pack, and re-work.

• Creation of a secure Private TraceStream Data Repository which can be used
for continuous compliance monitoring, constantly comparing on-floor activities with
business rules and compliancy requirements.

TraceGains is not just about reducing risk; these unique technology solutions help
companies turn disparate data into actionable business and value chain intelligence;
it turns traceability from a cost center into a profit center. TraceGains customers
typically experience a better than 300% return on investment (ROI), and an average
profitability increase between 3-5%. Independent, peer-reviewed university studies
confirm these findings.

Only TraceGains provides bi-directional unit-level (item, carton, pallet) Positively
Assured Traceability to consolidate multiple legacy data sources and reduce
corporate recall risk, while simultaneously providing the tools to boost
profitability and cost-effectively improve operational excellence.


TraceGains Inc.
www.tracegains.com
Marc Simony, Director of Marketing
traceability@tracegains.com
(303)682-9898


Web Site: http://www.tracegains.com

Contact Details: TraceGains Inc.
1860 Lefthand Circle, Suite G
Longmont, CO 80501
(303)682-9898