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Company’s Adds 100 builders to its BRI®
Rebate Management Program in 2006
(LAKEWOOD, Colo., June 20, 2006) While the homebuilding market
may be slowing, one Denver-based company serving the industry is
growing – and growing others’ profits as well.
Homesphere, the leading technology-leveraged service provider to
the homebuilding industry, today announced 100 new builders added
to their Builder Resources Inc. (BRI®) Program through the first
two quarters of 2006. The company now provides web-based rebate
management services to 800 small, mid-sized and large builders throughout
the country.
Mike Meyers, Vice President of Purchasing for Chicago-based Lakewood
Homes is glad to be on the BRI® program. “The ease of
reporting to one company and the convenience of using the web for
input is the initial reason we went with HomeSphere’s BRI®
program,” he notes. “To date we’ve seen collected
rebates double combined with a 50 percent savings in the time we
spend reporting closings.”
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.
Additionally, two-thirds of builders who participate in rebate program
report a loss in collected income. To remedy the problem, BRI®
provides mid-tier builders a technology-based way to track and manage
cash incentives, providing additional revenue to the bottom line.
Additionally, the aggregated purchasing of 800 builders enrolled
in the program brings a lower total cost on products to participants.
Notes Glenn Renner, Chief Marketing Officer for HomeSphere, “The
growth of our base of builders validates the need for our program.
Plus, builders benefit, as the savings grow as the number of participating
builders and manufacturers grows.”
The company, founded by former Pulte Homes Executive, Jim Waldrop,
provides industry-specific software programs for builders, manufacturers
and distributors. Because BRI builds relationships between builders
and manufacturers, both benefit. Manufacturers gain advanced knowledge
of what products are needed—and when—thus directly impacting
costs. Builders, on the other hand, can efficiently learn about
new products; keeping them on the cutting edge as they trim their
bottom line.
“While HomeSphere and its products are not recession-proof,”
notes Jim Waldrop; “they definitely take the bite out of a
down housing market. Our builders recognize significant savings,
and our manufacturers increase their market share considerably without
significant personnel expense.”
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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