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All-Track Rebate Management Program Implemented
Nationally in 31 Major Markets
(LAKEWOOD, Colo., June 20, 2006) In a first-ever partnership, HomeSphere,
a technology-leveraged service provider to residential homebuilders
and manufacturers, announced today that it will be the exclusive
provider of web-based rebate management services for the national
operations of Standard-Pacific Corp. (NYSE: SPF), one of the nation’s
largest homebuilders.
Following a successful pilot in 2005 in their California operations,
Standard Pacific recently implemented HomeSphere’s AllTrack™
program in its 31 major markets throughout the U.S. The system will
assist management to track the homebuilder’s use of manufacturers'
products through the web, allowing for a better understanding of
the supply chain, and allowing the builder of some 85,000 homes
each year to recover valuable rebate dollars from manufacturers
whose products are being installed in their new residential projects.
“Our leadership recognized a revenue opportunity by better
tracking and collection of rebates,” said Sandra Boxler, TITLE.
“HomeSphere provided a cost-effective, easily implemented
solution. Additionally, they bring expertise that will assist us
in all of our supply chain effectiveness programs.”
HomeSphere estimates that approximately $12 billion is lost per
year in the residential home building market from supply chain inefficiencies
-- of which approximately $1.1 billion represents uncollected rebates.
AllTrack™ assists Standard Pacific Homes and other large builders
to track and collect rebates, while also introducing them to new
product manufacturers enrolled in the program. In 2006, HomeSphere
secured four new major manufacturers; bringing the representative
number to 65.
Designed specifically for builders who construct more than 1,000
homes a year, AllTrack™ is part of HomeSphere's ConnexT suite,
a line of software-based products and services that focus on connectivity
between builders and their supply chain. The web-based system tracks
the use of manufacturers’ products by house, lot and community.
Upon the closing of each home, the program automatically calculates
rebate dollars and submits the appropriate invoicing paperwork on
behalf of the builder based on builder/manufacturer payment schedules
and agreements. Monthly, quarterly and yearly on-line reporting
allows builders to track totals by manufacturer, by community, or
by product.
“Cost management and purchasing efficiencies are becoming
increasingly important to builders of all sizes,” notes Jim
Waldrop, CEO of HomeSphere. “We know that Standard Pacific
will see a significant return on their investment.”
About HomeSphere
Lakewood, Colorado-based HomeSphere is the leading technology-leveraged
service provider to the homebuilding industry – offering tools
for improving supply chain efficiencies and controlling business
operations. Since the company’s founding in 1999, HomeSphere
has been proving time-and-time-again that builders, manufacturers
and distributors derive the most benefit when they have business
intelligence that they can use. With a national network of experienced
sales representatives and customer support teams who are attuned
to the needs of builders, manufacturers and distributors, HomeSphere
offers bottom-line returns to their customers and clients. Visit
HomeSphere on the Internet at www.homesphere.com.
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Contact:
Tracy Aiello
JohnstonWells Public Relations
1512 Larimer Street, Suite 700
Denver, Colorado 80202
(303) 623-3366
taiello@johnstonwells.com
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