February 8, 2007
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.
KSS is the global leading provider of pricing analytics, price management, rules-based pricing and optimization technology and services to fuel retailers and wholesalers in the oil and gas, convenience store, grocery and big box retail industries. KSS clients include global, national and regional companies managing a total of over $100 billion in revenue through more than 20,000 fuel sites and rack terminals, throughout the world. KSS US headquarters are located in Florham Park, NJ with European headquarters in Manchester, UK.
For further information please visit the website at www.kssg.com or contact:
Bob Stein, Chief Executive Officer Tel: +1 (973) 549 1850
Mark Hawtin, Vice President Marketing Tel: +44 (0)161 228 0040
For media inquiries, contact Roy Miller Tel: +1 972 717 3500 ext 235 or rmiller@transsynergy.com
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