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Florham Park, NJ – Oct. 6, 2009 – KSS Inc. today introduced KSS Analytics, a software offering that uses the QlikView business intelligence engine from QlikTech to give fuel retailers and wholesalers a dashboard-style overview of their fuel operations, so they can make informed and valuable business decisions in real-time.
KSS Analytics works alongside KSS’ PriceNet and RackPrice fuel price management software as well as a standalone Business Intelligence Tool to analyze and interpret valuable data and instantly present it via a user-friendly interface. The customizable system helps users view and manage key performance indicators (KPIs) like fuel volume, profit, margins and process adherence, and, where appropriate, compare that information against performance benchmarks.
“Having quick and daily access to key performance indicators speeds analysis and decisions to improve results,” said Bob Stein, president and CEO of KSS Inc. “Our KSS Analytics solution, using QlikView’s state of the art business intelligence tools, delivers on that need by automating the examination and analysis of data and helping fuel retailers and wholesalers know where to focus to improve performance.”
During the development of KSS Analytics, KSS partnered with Visual Data Group, a QlikView business intelligence specialty group, to develop the engine behind the software solution. John Mayer, principal of Visual Data Group (VDG), the QlikView Elite Reseller to KSS, says the partnership delivers three primary benefits to fuel providers: speed, accessibility and time-to-market.
“QlikView offers the most sophisticated analytics software in the industry, delivering a valued solution in a quarter of the time and at half the cost of other solutions,” Mayer said. “We’re excited to partner with KSS on their new KSS Analytics system - our prowess in the analytics arena and KSS’ knowledge of the retail industry will immediately position the solution among the best business intelligence offerings for fuel providers.”
By unveiling KSS Analytics, KSS Inc. has now expanded its overall offering to include fuel price management software, analytics solutions and consulting services. Stein says this marks his company’s second major product launch this year, with the introduction of the KSS Consulting Division in March.
PriceNet is KSS’ pricing solution that supports key tasks and stakeholders involved in retail fuels pricing – from capturing field-based intelligence at the site level, to the generation of price proposals via comprehensive pricing rules or price optimization, to consistent and timely implementation. High levels of automation and an ‘exception-based’ approach ensure a rapid response to competitors and market conditions, thus allowing pricing analysts to leverage the power of pricing analytics.
RackPrice is an end-to-end wholesale pricing solution that helps wholesalers meet volume targets at the maximum possible margin by improving its pricing processes and responding more rapidly and effectively to market moves. The system includes modules for price generation automation, reporting/analysis, competitive price prediction, price-volume modeling and price optimization.
KSS’ Consulting Division features fuels pricing experts and proprietary pricing intelligence tools that have helped clients in 25 countries successfully improve profits at 25,000+ fuel sites and rack terminals. The group includes scientific and business minds that help fuel retailers and wholesalers delve to the root problems in their fuel pricing operations, and then develop solutions that promote profitability.
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