KSS Fuels Launches Cloud-Based Pricing Solution

PriceNet Cloud offers speed, automation and intelligence for fuels pricing to petroleum marketers and retailers.

KSS Fuels has introduced PriceNet Cloud. This latest addition to KSS Fuels’ suite of pricing intelligence solutions is well-suited to fuel retailers who want to benefit from an enterprise-scale fuels pricing solution without the associated capital investment and need for IT maintenance resources.

PriceNet Cloud offers all the capability of the on-premise PriceNet solution implemented within 30 days and fully integrated with existing retail site systems. Using the latest cloud technology and designed with sufficient scale to support hundreds of users and thousands of sites, PriceNet Cloud is delivered with the highest levels of security, data protection and availability, meeting acknowledged global industry standards to reassure clients their information is easily and quickly available within a secure environment. The solution is competitively priced and available through a monthly subscription model.

“With PriceNet Cloud we’re addressing client demand for automated and intelligent fuels pricing solutions which can be quickly implemented, via a monthly subscription that avoids upfront investment and internal IT resources and lowers the cost of ownership,” said Bob Stein, president and CEO of KSS Fuels. “The new deployment model offers the same PriceNet promise of fast response to market conditions, better control over volumes and improved margins for an all-in monthly fee. PriceNet Cloud enables us to extend our pricing and industry expertise and a very efficient pricing platform to fuel retailers.”

This development is a response to growing industry-wide adoption of software-as-a-service offerings, driven by demand for rapidly implemented solutions with lower total cost of ownership.

Gartner Inc., a leading information technology research and advisory company, forecasts software-as-a-service (SaaS) revenues to grow by 18% to $14.5 billion in 2012. Forrester, a global research and advisory firm, predicts 2012 to be the year when SaaS business intelligence solutions, including predictive analytics, will be used by more than 25% of companies.

PriceNet Cloud is ideal for fuel retailers who want to enhance their fuel pricing capabilities without significant upfront cost or IT effort. It can be deployed in a short time-frame, does not require a sophisticated IT infrastructure and is accessible from anywhere through a wireless interface. Its key functionalities include integration with leading Point Of Sale and signage vendors, business discovery analytics, alerts and messaging functionality, pricing science, standard and customizable pricing rules, compliancy module and price optimization capability. Uniquely, the product also offers the ability for site operators to update competitive information locally.

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