Axxis Software Announces Release of Price Management 6.5.Latest Version Expands Market Visibility to Provide Best Possible Purchasing Decisions Through Outage out·age n. 1. A quantity or portion of something lacking after delivery or storage. 2. A temporary suspension of operation, especially of electric power. Management, Contract Benchmark-Based Price Calculations and Laid-in Pricing ST. PAUL St. Paul as a missionary he fearlessly confronts the “perils of waters, of robbers, in the city, in the wilderness.” [N.T.: II Cor. 11:26] See : Bravery , Minn. -- Axxis Software, a trusted provider of integrated software Separate software components or applications that have been combined into one package. See integrated software package. and market data solutions, has unveiled Price Management 6.5, the next generation of "best buy" software solutions. This enhanced application builds on the already powerful core of the Axxis Petroleum Software Suite. The Price Management module automates the collection, normalization In relational database management, a process that breaks down data into record groups for efficient processing. There are six stages. By the third stage (third normal form), data are identified only by the key field in their record. and assembly of all pricing data. The latest 6.5 version provides these new robust features... * Outage Management - flags terminal outages and allocation limits with an expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist. Notes: The expiration date for all listed stock options in the U.S. and time stamp See timestamp. with visibility on both real-time inquiry screens and price reports. * Contract Benchmark-Based Price Calculation - benchmark prices - such as OPIS OPIS Oil Price Information Service OPIS Ocean Planning Information System (US NOAA) OPIS Online Procurement Information System OPIS Online Planning Information Service OPIS Optical Path Integration Solutions , Platts and NYMEX See New York Mercantile Exchange. NYMEX See New York Mercantile Exchange (NYM). - can be pulled in automatically. Contract prices are then calculated for side by side comparison with supplier rack prices. * Transaction and Price Message Viewer - gives an integrated look at captured source price messages, credit card memos, EFTs, invoices, and more. * Dispatch Management Reports - provides drivers with an easy-to-read ranked list of pickup locations and gives the dispatch supervisor additional visibility to price variances. What makes Price Management 6.5 more impressive is its ability to add on these three options for even greater functionality... * "Laid-in" Pricing - calculates the optimum delivered costs at a site level by factoring in the transportation costs and required taxes. * ContractRite - allows for complex formula index-based price calculations. * TransactionRite - assists with the aggregation, management, reporting and back office integration of transactional information. "Axxis allows me to stay ahead of the constantly changing market. With the new Price Management 6.5 release dispatch can quickly see product and terminal outages, determine the best choice between contract and rack, and automatically determine delivered prices for specific sites. With Axxis, I know I can always make the best purchasing decision no matter how crazy the market gets," said Bill Meeks, Comptroller of Martin Eagle. By using Price Management 6.5, buyers can ensure their daily choice of supplier and pickup location results in the best price possible. About Axxis Software Axxis Software (www.axxispetro.com) provides leading edge software solutions for petroleum suppliers and marketers looking to automate price collection, data storage and repricing Repricing To change the price of an asset. In derivatives, it sometimes refers to the exchange of options of with different strike prices. repricing of dealer and commercial accounts. The software assists by saving time, increasing efficiency through automation, reducing costs, and ultimately improving the bottom line. Axxis Software is a subsidiary of Oil Price Information Service (OPIS) (www.opisnet.com), the most widely accepted fuel price benchmark for supply contracts and competitive positioning. For more information contact Axxis at 651-644-8280, email sales@axxispetro.com or visit their web site at www.axxispetro.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion