Park City Group, Inc. (OTC:PCYG) is a company similar to Pegasystems Inc. (NASDAQ:PEGA) and American Software, Inc. (NASDAQ:AMSWA), however PCYG analyzes a company’s processes from a different perspective with their patent protected software as a service (SaaS) technology and expects to uplist onto the NASDAQ sometime next month.

Creating a Niche

Park City Group, Inc. (OTC:PCYG), a software as a service (SaaS) provider enabling supermarket retailers, optimizes their supply chain by turning the traditional business model on its head and creating a new perspective in terms of inventory management. The technology automates a business’s processes and allows their clients to communicate results of daily operations directly to management. Sometimes in order to find the right solution, you have to take something apart and put it back together.

This is a significant change from a traditional supply chain model, which is often inefficient and costly. PCYG’s patent protected technology gives them a competitive advantage and provides a broader view of supply management. Ultimately, this fills a significant void in the marketplace for more efficient ways of managing the supply chain.

Park City Group designs, develops, markets and supports these patented software products.

Growing in Size

Prescient Applied Intelligence Inc. was acquired by Park City Group in early 2009 in order to bolster its supply chain optimization software. As a result of the merger, Park City Group added nearly $3million in revenues last quarter alone, while considerably increasing the number of active software implementations.

In total, revenues rose 19% for Park City Group last quarter, as eight new retailers were added to their portfolio while increasing its professional services contract values. Park City Group has been a beneficiary to poor economic conditions, as retailers looked to make big changes in the way they do business by offsetting slumping sales.

The company takes a position on building customer experience, decreasing labor costs and moving/managing inventory more efficiently. Developing the right strategy in recessionary times is definitely difficult, but it is proving to be no problem for PCYG.

Moving Forward

Revealing a hidden gem in the market can be a daunting task when there are so many factors dictating success. Park City Group is growing fast enough to cover obligations, is adequately funded, and foresees no need for near-term debt or equity financing. With 110 locations in the United States, the company is very highly regarded in its industry and well-positioned to grow moving forward.

In addition to increasing their top and bottom line results, Park City Group has applied to move from the OTC to the NASDAQ which, if the application is approved, should transpire within the next month, setting the stage to move on to bigger and better things in the near future.