CenterStone Points to Leap in Sales Orders Processed

Provider of Web-based order management system for manufacturers, retailers sees 15-fold increase in traffic

Provider of Web-based order management system for manufacturers, retailers sees 15-fold increase in traffic

Denver — February 20, 2004 — CenterStone Technologies, a developer of Web-based sales order management software and services, this week touted the significant increase in retail sales orders processed through the company in 2003.

Based in Denver, CenterStone has built a Web-based order management system for manufacturers and retailers that want to automate the sales order process. While many buyers and sellers of retail goods still generate and process orders manually, many times via the fax machine, CenterStone has taken the sales ordering process online with the goal of easing the burden on sales reps and buyers, and increasing efficiency and profits for its clients.

The company said that it processed orders for approximately $375 million in retail sales in the last 12 months. That represents a 15-fold increase over 2002 numbers. CenterStone believes this surge in system usage affirms the value of its automated solutions and the industry's continuing trend toward outsourcing sales order management technology.

In addition, CenterStone said it has experienced an increase in retail dealer usage, with more than 1,000 retail dealers now regularly using CenterStone solutions, a four-fold increase over 2002 numbers.

"Because retail stores are able to review inventory, create and submit their orders through CenterStone in a fraction of the amount of time it used to take them by phone and fax, dealers admit they actually do more business with CenterStone clients than others," the company said in a statement. "Thus, due to the cost and time savings sales reps and dealers have experienced, many leading vendors are being pressed by their sales reps and retailers to allow them to place their orders through CenterStone."

CenterStone's offerings include The Buyer's Page, a retail dealer-to-vendor on-line ordering service; RIDEPro, a point of sale-to-vendor online ordering service; and REstore, a retail employee/pro-to-vendor online ordering service.

CenterStone's customers include such companies as the North Face and Marmot Mountain.