Dallas Market Center (DMC), the largest lifestyle marketplace in North America, and RepTime, the provider of best-in-class B2B software as a service (SaaS) solutions, have formed a partnership supporting RepTime’s total operations including its software solutions uniting manufacturers, sales teams, and retailers. As part of the partnership, RepTime will be rebranded as MarketTime to reflect its position as a 24-7 market solution and omni-channel marketplace platform supporting the B2B ecosystem.
MarketTime’s solutions are reportedly the only fully integrated cloud-based applications available to customers anywhere, anytime that fulfill three key needs: making product discovery and ordering easier, making organizing and sharing information intuitive and secure, and saving time and money.
Cindy Morris, President & CEO of DMC comments, “Our business is year-round, unlike other marketplaces that only support periodic events, and we have long understood the need for improved year-round B2B software solutions. We are thrilled to have the opportunity to work with a team that leverages industry experience with an unparalleled and superior platform delivering a new level of 24-7 business. Manufacturers, sales agencies, and retailers are confronting increasing competition and tremendous pressure to work more efficiently. At the same time, they commonly report that their existing solutions are a patchwork of applications that aren’t integrated and consequently don’t communicate effectively. MarketTime’s new solution – available today and not aspirational – is seamlessly integrated, secure, and has already been adopted by leading companies. Given the current business challenges we are inspired by this opportunity to work with MarketTime to help deliver clarity, efficiency, confidence, and growth for buyers and sellers.”
Hemal Patel, founder & CEO of MarketTime adds, “This is a tremendous opportunity to work together to help more companies succeed for the long-term. I’ve built a loyal customer community of more than 80,000 users across many industries by creating solutions that are intuitive to use, yet powerful; flexible and scalable; that maintain privacy protocols and safeguard sales data. Most importantly, our platform simplifies business management and drives growth. That’s why I’m so pleased with our new solutions and with this partnership. Dallas Market Center not only gets it, they are committed to accelerating MarketTime’s leadership position to serve more customers with a superior platform.”
The MarketTime advantages are threaded throughout its platform for manufacturers, sales teams, and retailers. First and foremost, the solution serves customers 24/7 via a single, interoperable, cloud-based platform that’s easy to set-up and get started. In fact, anyone transitioning from an existing platform will be able to do so with a simple data exchange. Furthermore, the company has efficiently solved for a number of challenges including management and security of data, order transmission and tracking, expanding sales territories, customer service, and commission processing.
- For manufacturers, this includes managing sales orders and product data, promotions, shipping information, and useful documents for approved sales agencies and their salespeople.
- For sales teams, including agencies and sales representatives, this includes tools for shared data to generate sales orders, track invoicing and commissions, and managing back office tasks.
- For retailers, this includes sales tracking, new resource discovery and review, and placing orders through a B2B e-commerce marketplace to debut in Q4 2020.
The B2B e-commerce marketplace will allow buyers to discover thousands of products from leading brands across a wide range product categories as well as place product orders with confidence. Sellers will be able to reach more customers around the clock, expand their reach to new customers, and manage customer orders efficiently.
MarketTime’s growth trajectory of 25 percent per year has coincided with the development and advancement of strategic solutions for the gift, home, toy, apparel and accessories, housewares, and outdoor living industries. MarketTime currently facilitates more than $1 billion in transactions annually while serving more than 1700 manufacturers, 300 sales agencies, 3,500 sales representatives, and more than 75,000 retailers. The company also supports a growing and highly nimble software development team and an award-winning customer service team.
To help support the accelerated demand for RepTime’s new solutions, a MarketTime Experience Center will launch inside DMC for one-on-one and virtual introductions, onboarding and training throughout the year including major trade events. In the coming months MarketTime will be adding additional personnel to serve the expected influx of new customers. For more information, visit the website: www.reptime.com.