Carmike Selects ReactorNet’s Cinema Solutions eMarketplace for Procurement Automation
Top U.S. exhibition chain implements SaaS-based eProcurement platform to electronically manage multi-category purchasing across 276 theaters in 41 states
San Antonio, Texas (September 9th,
2014) – ReactorNet, a premier provider of SaaS-based eProcurement solutions for medium- to
large-sized companies, today announced Carmike Cinemas, Inc. (NASDAQ: CKEC), one of the nation’s largest
motion picture exhibitors with 276 theatres and 2,901 screens in 41 states, has
selected to implement its Cinema Solutions eprocurement platform to automate
procurement processes across their entire circuit.
“Having Carmike Cinemas join the Cinema Solutions family is
an exciting accomplishment for us,” said Anita Watts, co-founder and vice president
of Sales at ReactorNet. “Carmike is one of the great leaders in the cinema
industry and to be affiliated with them greatly validates the work we’ve been
doing in the cinema industry for over 14 years.”
Cinema Solutions, powered by ReactorNet’s collaborative
e-procurement platform, is a SaaS-based, procure-to-pay management system
designed for buyers and suppliers in the cinema industry. Cinema Solutions
automates traditional procurement processes to help cinemas streamline the
entire workflow purchasing cycle, from purchase to pay, to dramatically reduce
maverick spend, enhance spend visibility, increase purchasing control, enforce
security and compliance, and improve cost savings.
"We are already well underway with the implementation
and have made great strides in streamlining the ordering, receiving, and
inventory management side of our supply chain,” said Rob Lehman, vice president
of Food & Beverage, Carmike Cinemas.
“The fact that ReactorNet delivers such a robust spend management
platform tailored specifically for our industry allowed us to move forward
quickly and efficiently.”
Cinema Solutions will
help Carmike establish a documented and automated purchasing process with
mandated policies and internal controls to effectively improve workflow and
order accuracy. Additionally, Carmike is
utilizing the Cinema Solutions Inventory Management module allowing Carmike to
incorporate inventory tracking into the Cinema Solutions Workflow. This integrated approach to inventory
management closes the loop between purchasing, accounting, supplier systems,
and point-of-sale providing a real-time insight into inventory levels and
The platform’s catalog management capability will provide Carmike
with pre-set catalogs alongside pre-approved suppliers and contract pricing,
structured allowances based on spend categories, and recommended ordering
processes. As a result Carmike will be able to manage and update the catalog
process with suppliers in real-time, giving them complete control over the
ordering process while keeping in compliance with corporate procurement
policies and procedures.
ReactorNet is a premier provider of SaaS-based, eProcurement
solutions for medium- to large-sized companies across industries including
entertainment, hospitality, and automotive. ReactorNet powers Cinema Solutions
and EPRO collaborative platforms, integrating buyers’ and suppliers’ purchasing
responsibilities into a centralized location—removing procurement barriers to
reduce operational costs by improving accountability, increasing spend
visibility, and maximizing buying power. ReactorNet is a recipient of
of SaaS Showplace Award.
Founded in 2005, ReactorNet is a privately held company
headquartered in San Antonio, Texas.
Clients include AMC Theatres, Cinemark Theatres, Carmike Cinemas, John
Q. Hammons Hotels Management, TMI Hospitality, and Philips Lighting Company (a division of Philips Electronics). For more information, please visit www.reactornet.com.