Loftware and RiseNow Join Forces to Enhance Supply Chain Performance and Compliance

Strategic Collaboration Between Loftware and RiseNow

Loftware, a global leader in product identification and supply chain collaboration, has recently announced a strategic global partnership with RiseNow, a top consulting and managed services company specialized in procurement and supply chain management. This partnership aims to enhance supply chain transparency, compliance, and performance, starting primarily in the healthcare sector. The collaboration combines Loftware’s advanced product identification solutions with RiseNow’s expertise in expenditure management and supply chain practices to modernize and streamline operations from procurement to order fulfillment.

Goals of the Partnership

The primary goal of the alliance is to align procurement processes with downstream fulfillment. Many companies currently face fragmented processes that limit transparency and compliance. By integrating RiseNow’s management strategies and Loftware’s tracking systems, organizations can overcome these challenges effectively. The initial focus will be on the healthcare industry, where product identification, traceability, and compliance are critical to ensuring patient safety. This initiative is expected to provide enhanced track-and-trace capabilities and scalable solutions that can later expand to manufacturing and other sectors.

Justin Sadler-Smith, Chief Revenue Officer at Loftware, remarks, "With increasing pressure on companies to generate measurable value from their SAP investments, our position as a leading player in the SAP ecosystem allows for a smarter approach to product identity management across complex supply chains. The collaboration with RiseNow amplifies this value by merging our product data management with deep transformation expertise."

Significance for Regulated Industries

This partnership is particularly significant for heavily regulated industries such as healthcare, where having accurate information and meeting regulatory requirements is essential. By reinforcing the trust in managed products, the collaboration aims to facilitate safer decision-making processes and improve compliance and operations over the product life cycle.

Steve Dailey, President of RiseNow, shares his enthusiasm for the project: "We are thrilled to enter into this strategic global partnership with Loftware to push forward transparency, control, and optimization within the supply chain. Our consultancy services, paired with Loftware’s product identification solutions, address the fundamental issues in our clients' operational workflows. Together we will achieve savings, reduce risks, enhance transparency, and implement AI automation that improves both operational results and user experience."

About Loftware and RiseNow

Loftware is recognized as a leader in product labeling, offering cloud-based solutions that facilitate real-time collaboration, ensure compliance, enhance authenticity, and provide traceability from product development to consumer delivery. With over 40 years of innovation experience, Loftware has supported leading global brands across diverse industries, maintaining offices in the United States, the United Kingdom, Slovenia, China, and Singapore.

RiseNow, founded in 2010 and based in Leawood, Kansas, provides award-winning consulting and managed services for procurement and supply chain operations. They help companies ranging from mid-size organizations to Fortune 2000 companies transform their procurement processes through digital sourcing and source-to-pay solutions. The expertise of RiseNow extends to healthcare systems and hospitals, focusing on inventory management, logistics, and goods flow within complex clinical environments.

For further details on the partnership, visit the official websites of Loftware and RiseNow.