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Florham Park, NJ – Jan. 11, 2010 – KSS Ltd. today announced that SAP AG has certified Version 2.0 of KSS’ RackPrice price management system for fuel wholesalers. This re-certification of RackPrice 2.0 helps ensure that the latest RackPrice release remains compatible with SAP® solutions.
RackPrice 2.0 has achieved SAP certification as “Powered by SAP NetWeaver®”. The SAP Integration and Certification Center has certified that RackPrice 2.0 can be successfully deployed on the J2EE engine of the SAP NetWeaver Application Server 7.0 component-based server of the SAP NetWeaver technology platform to govern the development of applications that exchange critical data with instances of SAP Business Suite Software.
RackPrice is an end-to-end wholesale pricing solution and includes modules for price generation automation, reporting/analysis, competitive price prediction, price-volume modeling and price optimization. The system helps wholesalers meet volume targets at the maximum possible margin by improving its pricing processes and responding more rapidly and effectively to market moves.
“As we continue our long-standing partnership with SAP, it’s important to keep our latest RackPrice and PriceNet updates and upgrades compatible with their world-class ERP solutions,” said Bob Stein, president and chief executive officer of KSS. “This relationship has served our customers using SAP solutions very well, creating a well-oiled pricing machine that gives them a distinct competitive advantage over other fuel retailers and wholesalers in the industry.”
RackPrice Version 2.0 includes several new and updated features and modules, including:
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