Foodbuy Selects ReactorNet’s EPRO for New Customer Procure-to-Pay Portal
Foodbuy, LLC, the hospitality industry’s leading procurement services organization, chooses ReactorNet as technology partner for eprocurement platform
ReactorNet, a premier provider of cloud-based collaborative spend management solutions for medium- to large-sized companies, today announced that Foodbuy, LLC, a wholly owned subsidiary of Compass Group North America, has selected ReactorNet's EPRO to power a new customer eprocurement portal to support their clients across multiple verticals including Hospitality, Healthcare and Education. EPRO is an award-winning Procure-to-Pay platform allowing buyers to directly collaborate with suppliers to gain control of spending while maximizing purchasing power.
"We are very excited to have been selected by Foodbuy to assist them with this new offering," said Anthony Kylitis, Vice President of Marketing at ReactorNet. "Working directly with a procurement service organization like Foodbuy is a unique opportunity for us and we look forward to working with them to deliver all of the benefits of eprocurement to their customers."
The new solution, called Concierge OneSource, will initially be offered in conjunction with the Concierge by Foodbuy procurement service, a platform designed to allow hotel management companies to lower costs while focusing on guests. Concierge OneSource will provide Foodbuy's customers with a comprehensive procure-to-pay solution that includes all of the mainstays of eprocurement, including order management, accounts payable automation, budgeting analysis, and reporting. What is truly unique, according to Foodbuy, is that Concierge OneSource will not be a one-size-fits-all solution, something that speaks to the flexibility and transparency of Foodbuy's programs. Each customer can be set up and configured according to their own company's policies and procedures with a high degree of visibility into the products and pricing they have selected.
"We are very excited to be working with ReactorNet to put this new offering in place," said Ross Kellman, President of Foodbuy, LLC. "Their experience in the hospitality space and their willingness to work with us on developing a highly customized solution were the two main factors considered in choosing a technology partner for this endeavor. We see Concierge OneSource as a truly unique offering for our industry and our supply chain partner. We look forward to continuing to lead our industry through innovative solutions that support the ever changing demands of our existing and future customers."
Concierge OneSource has already experienced tremendous success as several major hotel management companies are in the process of coming onboard. Two of these companies are TPG Hotels and Resorts, a management company with over 50 hotels and growing, and Raleigh-based Concord Hospitality, a company with over 100 hotels in the U.S. and Canada. With this early success, ReactorNet has continued its tradition of being a hands-on company, assisting in each implementation, from configuration and setup of accounts through end-user training and support.
About ReactorNet
ReactorNet is a premier provider of cloud-based, spend management solutions for medium- to large-sized companies across industries including entertainment, hospitality, and automotive. ReactorNet's EPRO is an award-winning procure-to-pay platform that allows buyers to gain control of their spending while at the same time collaborating directly with their suppliers and maximizing their purchasing power. Founded in 2005, ReactorNet is a privately held company headquartered in San Antonio, Texas. Clients include AMC Theatres, Cinemark Theatres, Carmike Cinemas, John Q. Hammons Hotels Management, TMI Hospitality, and Foodbuy, LLC, a division of Compass Group North America. For more information, please visit www.reactornet.com.
