The leading global supplier of pricing analytics, execution and optimization systems to the petroleum industry, KSS PriceNet, has been selected for fuel price management in Europe.
This has been done after extensive evaluation by StatoilHydro energy and retail Europe with the latter being an operator of retail fuel outlets in several European countries.
KSS PriceNet is the world’s leading fuel price management and optimization solution and is used by more than 40 clients in 12 countries.
“We identified KSS PriceNet to support our approach to centrally managing our fuel operations and, following an extensive evaluation, we are delighted with the results and have taken the decision to implement. KSS PriceNet satisfies our need to more effectively manage information and data, enabling us to operate the network of outlets through an exception based, streamlined, and highly automated process,” said Guntis Aboltins-Abolins, pricing manager of StatoilHydro.
KSS PriceNet is an end-to-end pricing solution supporting the 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 optimization to consistent and timely implementation. High levels of automation and an ‘exception-based’ approach ensure a rapid response to market conditions and allow pricing analysts to leverage the power of pricing analytics and automation.
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.
