FuelQuest Announces Expansion of ForeSite Product Line for Fuel Retailers and Distributors

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FuelQuest Inc., the leading on-demand software and services company for the global downstream energy industry, announced today the expansion of its ForeSite™ product line with two real-time fuel management applications for fuel retailers and distributors. FuelQuest ForeSite SV (Supervisor View) identifies real-time inventory issues based on out-of-plan or changing site conditions. FuelQuest ForeSite IC (Inventory Control) enables early detection of theft, fraud, leakage, meter drift, cross-drop, and user errors. Both are delivered globally in a Software as a Service (SaaS) model.

"ForeSite now brings a whole new opportunity for monitoring our fuel management operations remotely on a mobile device,” said Joe Weber, fuel purchasing specialist at Hy-Vee.

FuelQuest Inc., the leading on-demand software and services company for the global downstream energy industry, announced today the expansion of its ForeSite™ product line with two real-time fuel management applications for fuel retailers and distributors. FuelQuest ForeSite SV (Supervisor View) identifies real-time inventory issues based on out-of-plan or changing site conditions. FuelQuest ForeSite IC (Inventory Control) enables early detection of theft, fraud, leakage, meter drift, cross-drop, and user errors. Both are delivered globally in a Software as a Service (SaaS) model.

“ForeSite SV and IC represent a significant leap forward for the ForeSite product line,” said Joe Weber, fuel purchasing specialist at Hy-Vee and an early user of ForeSite. “ForeSite SV allows me to keep my finger on the pulse of my fuel operations while ForeSite IC allows me to discover inventory variances immediately. Both help me resolve issues proactively before they become expensive problems. ForeSite now brings a whole new opportunity for monitoring our fuel management operations remotely on a mobile device.”

FuelQuest ForeSite SV provides real-time, independent visibility into fuel management operations allowing companies to monitor and ensure the accuracy and effectiveness of their replenishment plans. ForeSite SV allows retailers and distributors to identify and address proactively unplanned events that disrupt operations such as usage swings, inclement weather, and traffic changes avoiding run-outs and retains. Distributors gain the added benefit of differentiating their service by offering a private-label branded version of ForeSite SV to their vendor-managed inventory customers.

Key features of ForeSite SV include:

  •     Real-Time Supervisory View – Accurate visibility into the performance of fuel replenishment operations
  •     Operations Rules – Customizable rules for evaluating inventory status, projected usage, potential retain/run-out events, and plan deviations
  •     Inventory Exceptions – Early warning indicators of out of tolerance inventory conditions
  •     Supervisor Drill Down – Inventory, order, delivery, and sales data captured via automated polling, scheduled import, or manual entry
  •     Customizable Branding – Private-label branding and configuration options for distributors

FuelQuest ForeSite IC enables retailers to identify and resolve issues with theft, fraud, leakage, delivery, dispensing equipment, and operational error. ForeSite IC tracks, logs, calculates, and alerts automatically on inventory variances, discovering when inventory on hand does not reflect sales and deliveries that occurred during a time period. Inventory variances are calculated based on user-configurable rules for tolerances based on single-day, multi-day, and rolling averages. By automating variance tracking, ForeSite IC provides early detection of costly problems reducing incidences of inventory loss and improving operational performance.

ForeSite IC includes the following key features:

  •     Variance Rules – Customizable rules for calculating daily, weekly, and monthly variance across one or many sites
  •     Reporting – Comprehensive reports covering inventory, sales, deliveries, and variance over a specified time period
  •     Variance Exceptions – Early warning indicators of out of tolerance variance conditions and outdated inventory information
  •     Variance Drill Down – Inventory, delivery, and sales data captured via automated polling, scheduled import, or manual entry

Both ForeSite SV and IC are built on the ForeSite Platform, a flexible technology framework that enables rapid deployments, enterprise-level scalability and availability, enhanced security, open integration, and mobile device access. ForeSite easily interfaces with FuelQuest Fuel Management System (FMS); third-party order management, back-office, and POS systems; and ERP applications. All ForeSite products are fully internationalized and localizable. ForeSite SV and IC have native support for English, French, German, Spanish, and Portuguese, and double-byte languages Chinese (Mandarin) and Arabic.

“Fuel retailers and distributors are taking back control of their fuel operations to better manage fuel price volatility and decrease costs,” said Casey Zandbergen, FuelQuest vice president of strategic initiatives. “The new ForeSite products enable them to gain quick access to accurate and actionable information for improved decision making.”

Availability
ForeSite SV & IC are available now. Please contact FuelQuest directly or your local OPW licensed distributor. Information is available at http://www.fuelquest.com/foresite_sv, http://www.fuelquest.com/foresite_ic, or http://www.opw-fuelquest.com.

ABOUT FUELQUEST
FuelQuest provides on-demand fuel management, tax automation, and compliance solutions for suppliers, distributors, buyers, and traders of petroleum products and other energy commodities. FuelQuest's solutions deliver operational and financial value to over 750 customers. These customers include leading global oil companies, international retailers, shippers and government entities. FuelQuest's fuel management solutions help customers manage the complexity, regulation and market volatility for more than 18 billion gallons of gasoline and diesel fuel annually. Its Zytax solutions ensure compliance and accuracy for tens of billions of dollars of energy-related excise taxes per year. Learn more at http://www.fuelquest.com.

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Laura Polas
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