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Manchester, UK – Feb 08, 2007 – KSS, a global leader in retail and wholesale pricing automation and optimization solutions, announced today that it has been invited to join the recently announced SAP Industry Value Network (IVN) for oil and gas as an Independent Software Vendor member. This follows the recent certification of its’ RackPrice wholesale fuels pricing application on the SAP NetWeaver® platform.
The SAP Industry Value Network for oil and gas brings together a select group of key independent software vendors, systems integrators and technology vendors with SAP and executives from 17 oil and gas companies representing major integrated, large national and midsize thought leaders, including Conoco Phillips, Holly, Petrobras, Shell, Statoil, Tesoro and Valero. The IVN will address the most pressing industry business challenges by accelerating the solution innovations the industry needs and leveraging investments in SAP and partner solutions to optimize asset utilization and lower IT investment risk.
Through its’ PriceNet retail fuels and RackPrice wholesale fuels pricing applications KSS will work with other members of the IVN to provide fully integrated solutions for price optimization and margin management for the downstream hydrocarbon supply chain. By delivering pre-integrated, standard, end-to-end solutions and services based on the SAP NetWeaver® platform, customers can avoid costly integration projects.
“We are delighted to be a member of the IVN and to focus on the key industry challenges in collaboration with SAP, oil and gas companies and other key technology providers to rapidly deliver the innovative and integrated pricing solutions customers need,” stated Mark Hawtin Vice President Business Development for KSS.
KSS PriceNet provides retail fuels price automation and optimization to help retailers more effectively manage pricing to consistently achieve volume and profit goals by site, by grade, and by day.
KSS RackPrice automates the pricing process and applies advanced decision support capabilities to help wholesale fuels suppliers control price volatility, deliver more ratable volume and optimize margin performance.
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