Florham Park, NJ - January 11, 2010
KSS Ltd. today announced that SAP AG has certified Version 2.0 of KSS’ RackPrice price management system for fuel wholesalers. This re-certification of RackPrice 2.0 helps ensure that the latest RackPrice release remains compatible with SAP® solutions.
RackPrice 2.0 has achieved SAP certification as “Powered by SAP NetWeaver®”. The SAP Integration and Certification Center has certified that RackPrice 2.0 can be successfully deployed on the J2EE engine of the SAP NetWeaver Application Server 7.0 component-based server of the SAP NetWeaver technology platform to govern the development of applications that exchange critical data with instances of SAP Business Suite Software.
RackPrice is an end-to-end wholesale pricing solution and includes modules for price generation automation, reporting/analysis, competitive price prediction, price-volume modeling and price optimization. The system helps wholesalers meet volume targets at the maximum possible margin by improving its pricing processes and responding more rapidly and effectively to market moves.
“As we continue our long-standing partnership with SAP, it’s important to keep our latest RackPrice and PriceNet updates and upgrades compatible with their world-class ERP solutions,” said Bob Stein, president and chief executive officer of KSS. “This relationship has served our customers using SAP solutions very well, creating a well-oiled pricing machine that gives them a distinct competitive advantage over other fuel retailers and wholesalers in the industry.”
RackPrice Version 2.0 includes several new and updated features and modules, including:
- New user interface – The software’s pricing workbench screens have been re-designed to provide a more powerful and informative set of business intelligence analytics and enhanced user experience.
- New Day Deal pricing module – Adds comprehensive management of customer-level deal pricing, with the ability to set time-limited and volume-tiered pricing against posted rack prices, or margins against cost quotations. This module eases the burden of managing off-rack and day deals to wholesale customers.
- Improved demand forecasting – Includes the addition of time-series based techniques that improve the accuracy of short and longer term volume forecasts and trends, as well as improved modeling of seasonal volume variations.
- Enhanced price optimization – Greater flexibility to represent current business constraints across multiple supply points and channels, as well as the ability to optimize for volume, profit or margin. As an example, these added capabilities will allow fuel wholesalers to price to a volume target across multiple supply points and maximize profitability while meeting desired competitor price positions.
ABOUT KALIBRATE TECHNOLOGIES
Kalibrate (formerly KSS Fuels) is the only global provider of fuels pricing and retail location intelligence, helping retailers fine-tune decisions to deliver on performance goals. Its proven software, analytics and consulting solutions draw on more than 20 years of expertise and insight into the needs and opportunities of petroleum retailers. Kalibrate has headquarters in Manchester, United Kingdom and Florham Park, New Jersey. The company also has a Center of Excellence in Tulsa, Oklahoma and sales operations in Florida, Illinois, Ohio, Texas, Canada, Brazil, China, India, Japan, Korea and Africa. For more information about Kalibrate, please visit Kalibrate.com.