PriceSmart, Inc selects Riversand’s MDMCenter as a Critical Component for Digital Transformation

November 23, 2016

Largest Operator of Membership Warehouse Clubs in Central America, the Caribbean and Colombia selects Riversand’s MDMCenter as a Critical Component for Digital Transformation

PriceSmart, Inc. (NASDAQ:PSMT) to utilize Riversand’s MDM Solution to Streamline Vendor and Product Data.

Houston, Texas, November 23rd, 2016 – PriceSmart, the largest operator of membership warehouse clubs in Central America, the Caribbean and Colombia has selected Riversand Technologies Inc. as a key technology solution provider as part of their strategic goals of relaunching online presence, improving efficiencies and utilizing best-of-breed technologies.

PriceSmart  currently owns and operates 39 warehouse clubs in 12 countries and one US Territory. The company has over 1.5 million active membership accounts and serves over 2.9 million cardholders.

PriceSmart was looking for a software solution that would allow them to expand their current system capabilities and improve the accuracy and efficiency of the online set-up process for new products and vendors. After evaluating the leading providers, they decided to partner up with Riversand Technologies.

Riversand’s Multi-Domain Master Data Management Solution (MDMCenter) will replace the current manual vendor systems with a centralized MDM and Vendor Portal, to facilitate the end-to-end product set-up process and scale to accommodate other vendor data. The MDMCenter will help PriceSmart in their Omnichannel sales enablement and improve internal efficiencies through effective collaboration. With the Riversand’s leading MDM solution, PriceSmart will efficiently publish, integrate and synchronize new product information and improve the overall experience for their members and partners across multiple channels – both in club and online shopping.

“Riversand is excited to be chosen as the MDM solution provider at PriceSmart. Riversand will provide the flexibility and scalability that PriceSmart is looking for in a global technology partner,” said Ninad Raikar, VP of Professional Services, Riversand.

“PriceSmart is confident that the Riversand’s MDM solution will provide the robust governance on product and vendor data to improve our operational efficiency, maximize sales opportunities and offer an outstanding online experience.” said Laura Santana, PriceSmart’s Senior Vice President of Information Technology.



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