RollStream Unveils Next Generation Solution for Supplier Onboarding & Information Management

Business Wire, June 24, 2009

Automated Workflow Solution Reduces Costs and Eliminates Risk & Data Inaccuracies

FAIRFAX, Va. -- RollStream, the leading provider of enterprise community management solutions, today announced the launch of its Web 2.0 Onboarding and Information Management solution, enabling customers to automate the registration of new suppliers and approval of changes to business terms, contracts and key credentials for existing suppliers or vendors.

“Industry leaders such as Tesco and Owens & Minor have been using our Software as a Service (SaaS) supplier registration solution for over a year now,” said Kristin Muhlner, CEO of RollStream. “With the latest release of our Onboarding solution, customers can configure and deploy their own solution in weeks. The solution embodies best practices in supplier information and change management, enabling companies to immediately realize the benefits of reduced costs and accelerated time to bring supplier products to market.”

RollStream’s Onboarding solution enables suppliers, vendors or distributors to be added to a partner community via intelligent online forms. The role-based approval workflow spans the entire process from supplier registration to internal employee handoffs. Equally as important as the onboarding of new suppliers is the maintenance and governance of changes to existing supplier information. RollStream’s collaborative supplier information management capability enables suppliers to manage their own profiles and initiate changes to their information themselves, but ensures that such changes are tied to a customer-defined approval process – allowing comprehensive visibility and management of supplier master data.

Since RollStream Onboarding is directly tied to a comprehensive collaboration platform, users have the added advantage of being able to find existing suppliers using sophisticated search capabilities before submitting duplicate registration requests. Once the profile is complete, customers can communicate and interact with suppliers based upon type, category or classification. And with RollStream’s open API Interface for ERP and Content Management, all supplier information, data and credentials can be seamlessly synchronized with master systems of record.

Customers who have already implemented RollStream Onboarding have cut their vendor registration lead-times by 60 percent and averaged $1.5 million in net new annual revenue growth by accelerating the time to bring suppliers and their products to market. Owens & Minor, a FORTUNE 500 healthcare supply-chain management company that is the leading distributor of national name-brand medical and surgical supplies, improved its contact data accuracy by 98 percent through RollStream’s Onboarding technology. The company was also able to align with multiple functional contacts per supplier, allowing it to reach targeted business audiences within seconds.

“To fuel continued growth, our company is managing an ever increasing number of strategic supplier and customer development programs. In vendor onboarding programs alone, RollStream has reduced our ramp-up time from weeks to days, and in some cases, to mere hours,” said Gavin Jeffs, Vice President, Owens & Minor Supplier Relations.

About RollStream

As the leader in enterprise community management, RollStream’s business-to-business collaboration platform is transforming business networks in the same way that social software has transformed personal networks. Fortune 500 market leaders, including Walgreen’s, McKesson, Owens & Minor, and Johnson & Johnson are using RollStream to revolutionize their partner relationships and achieve multi-million dollar returns on their investments. Visit www.rollstream.com to learn more.