ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

ServiceTitan Announces Strategic Partnership with SRS Distribution to Streamline Roofing Purchasing

New Catalog and Purchasing Integration Will Simplify Procurement, Drive Transparency, Improve Accuracy, and Automate Purchasing for Contractors

ServiceTitan, a leading software platform built to power the trades, today announced its partnership with SRS Distribution Inc. (SRS), a leading supplier of roofing materials. With this new integration, ServiceTitan will empower roofers with enhanced efficiency and transparency through streamlined materials procurement and purchasing automation.

“We are committed to providing roofers with the transformative solutions they need to enhance their business and better serve their customers,” said Chris Petros, general manager of residential markets at ServiceTitan. “Our partnership brings the power of SRS into ServiceTitan, equipping roofers with a streamlined workflow that reduces the time between estimate, order, and execution.”

The integration’s first phase brings SRS suppliers' catalogs into the ServiceTitan platform, allowing contractors to build visually compelling proposals by browsing detailed product descriptions and images for thousands of items and variants, along with daily automatic price updates ensuring accuracy. The second phase will enable roofers to check real-time item pricing and availability at supplier branches, submit orders electronically directly to the supplier's ERP, and receive order and delivery status notifications.

"With great excitement, we announce our partnership with ServiceTitan, making SRS Distribution the first roofing distributor to fully integrate with their innovative platform,” said Rajeev Rai, EVP & chief digital officer at SRS. “This collaboration will redefine contractor operations with seamless digital solutions that enhance project workflows. ServiceTitan empowers roofing companies, including private equity firms, franchise organizations, and multi-location businesses, to manage multiple entities effectively, gaining valuable insights into performance metrics. Together, with both companies' focus on innovation, SRS Distribution and ServiceTitan are driving efficiency and unlocking new sales growth opportunities in the roofing industry."

Earlier this year, ServiceTitan released a survey of roofing and exterior contractors, which identified increasing overhead and materials prices as two of its most significant challenges. Many contractors face these obstacles and view technology and digital transformation as solutions to manage their businesses and operations effectively.

Phase 1 of the integration will be available to customers in Winter 2024 and Phase 2 in Spring 2025.

The first phase of this new integration will be available by the end of 2024 for all ServiceTitan roofing and exterior contractor customers with an SRS account ID. The second phase will become available in the Spring of 2025.

To learn more about ServiceTitan’s roofing capabilities, visit: https://www.servicetitan.com/industries/roofing-software

About ServiceTitan

ServiceTitan is a cloud-based software platform built to power trades businesses. The company’s end-to-end solution gives contractors the tools they need to run and grow their business, manage their back office, and provide a stellar customer experience. By bringing an integrated SaaS platform to an industry historically underserved by technology, ServiceTitan is equipping tradespeople with the technology they need to keep the world running. ServiceTitan is backed by world-class investors including Battery Ventures, Bessemer Venture Partners, Coatue, CPP Investments, Dragoneer Investment Group, Durable Capital Partners LP, Generation Investment Management, ICONIQ Growth, Index Ventures, Sequoia Capital, Thoma Bravo, TPG, and T. Rowe Price.

About SRS Distribution

Founded in 2008 and headquartered in McKinney, Texas, SRS Distribution has grown to become one of the fastest-growing building products distributors in the United States. Since the Company’s inception, it has established a differentiated growth strategy and entrepreneurial culture that is focused on serving customers, partnering with suppliers, and attracting the industry’s best talent. SRS Distribution, a wholly owned subsidiary of The Home Depot, currently operates under a family of distinct local brands encompassing more than 760 locations across 47 states. For more information, visit www.srsdistribution.com.

© 2024 ServiceTitan, Inc. All rights reserved. ServiceTitan, the ServiceTitan logo, and all ServiceTitan product and service names mentioned herein are registered trademarks or unregistered trademarks of ServiceTitan, Inc., in the United States and other countries. Other brand names and marks mentioned herein are for identification purposes only and may be the trademarks of their respective holder(s).

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.