Earlier today, SilverSun Technologies, a premier total solutions provider specializing in business software, announced the successful launch of a proprietary series of cloud-based software solutions designed to address the unique business management needs of the U.S. craft beer brewing and distribution industry.
The innovative solutions, BeerRun, BrewPub, and the Distributor Relationship Management System (DRM), provide brewmasters with a single, turnkey database batch/process solution capable of managing their manufacturing operations. The software suite is capable of forecasting and planning recipe management, inventory control, and traceability, among other critical business functions, including automated TTB reporting.
Since launch, the company has signed seven new customers to BeerRun and the associated DRM. The first customer for BrewPub just signed up. Revenue is generated via an upfront initiation fee and a recurring monthly subscription fee based upon the number of active user licenses.
According to the trade group Brewers Association, there were 1,940 craft breweries operating for some or all of 2011, encompassing 1,063 brewpubs, 789 microbreweries, and 88 regional craft breweries. Craft brewer retail dollar volume was an estimated $8.7 billion last year, representing nearly 11.5 million barrels of beer sold.
Mark Meller, Chairman, President and CEO of SilverSun, commented, "The first year average annual contract value for our initial BeerRun and DRM contracts is approximately $6,387, with a projected contract term expectancy exceeding four years. Average annual recurring revenue is anticipated to be $3,450. Consequently, we view this niche market as an immediate $30 million+ opportunity on which we have every intention of capitalizing. Moreover, it is our plan to expand our beer brewing solutions platform to accommodate the needs of other types of spirits and beverage manufacturers in the coming year."
"By leveraging our 20 years of experience in providing leading ERP and accounting solutions to a broad range of industries, SilverSun is uniquely positioned to identify SaaS and/or cloud-based solutions that close functional gaps within existing enterprise applications," Meller continued. "In fact, we are currently evaluating opportunities to develop new, proprietary SaaS solutions that effectively address the business management needs of the insurance, commercial real estate, biotechnology and pharmaceutical industries. Because our solutions are designed to fully integrate with a wide variety of existing ERP and accounting packages, our customers are able to realize immediate value from our solutions while further leveraging their historical software investments."
For more information on and demonstrations of BeerRun, BrewPub, and the Distributor Relationship Management System now available through SilverSun subsidiary SWK Technologies, visit beerrunsoftware.com
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