ATLAS OIL TURNS TO INATECH’S TECHOIL TO SUPPORT ITS GROWTH STRATEGY
Atlas Oil Company, which is part of Simon Group Holdings and a leading nationwide fuel distribution and supply management company in the US, is using Inatech’s Techoil oil commodity management solution to streamline its operations during a period of growth.
Atlas offers single-source solutions for fuel, transportation and logistics and is one of the largest fuel distributors in the country, delivering over 1 billion gallons of fuel annually to customers in 49 states. Atlas is also a global leader in adopting mobile technology and Automated Fueling Solutions.
Atlas’ supply business has expanded rapidly and now makes over 100,000 deliveries every year from more than 1,000 terminals nationwide. One of the key tenets of its growth plan has been to adopt the latest technology to manage risk, inventory and customer relationships while maintaining its unwavering commitment to customer success.
Since 1985, the company has grown through technological and operational innovation, offering many different types of pricing contracts utilizing its buying power and market expertise to pass the savings on to its customers. Some Atlas risk management solutions include hedging, OPIS, fixed price contracts, pricing caps, and swaps and collars.
It is a time-critical business model so “we needed a solution that could be configured to our way of working and Techoil provided that to us,” said Clint Werth, Vice President of Supply and Logistics.
Techoil is an intelligent and integrated end-to-end cloud software product and was developed by Inatech, a unit of Glencore, and Mr Werth said that, having looked at all the options in the market, “Inatech stood out for its solution richness, total cost of ownership and service offering.”
By assigning Inatech to deploy Techoil has produced time and cost-savings for Atlas’ trading, supply and risk operations. Now in use, it is supporting rapid decision-making in a more complex environment by providing a holistic view of operations across trading, physical and derivatives, and inventory together with real-time information about products, prices and availability.
The implementation was carried out in under three months and teams from both Atlas and Inatech worked tirelessly to a fixed timeframe. Faced with disruptions to travel and business caused by the COVID-19 pandemic, the teams met their challenging timetable through robust project management, close co-operation, and decisive action, ultimately achieving a smooth transition.
“The Atlas partnership is special as it highlights Techoil as a market-leading cloud-based oil commodity management solution,” said Jean-Hervé Jenn, CEO of Inatech. “Gone are the days of long and costly implementation projects, which achieved sub-optimal returns. Atlas and Inatech have proved that Techoil can be implemented in a cost-effective manner in spite of the severely challenging COVID-19 situation.”
Inatech is a leading global provider of intelligent cloud-based energy trading risk management (ETRM) and fuel management software to the physical oil trading and marine industries. Part of Glencore’s oil division, Inatech combines best-of-breed cloud technologies with in-depth industry expertise to enable companies to integrate, automate and optimize business processes, driving efficiency and revenue growth. Inatech’s customers benefit from an international delivery model that provides the competitive edge needed to thrive in today’s dynamic markets. www.inatech.com
Atlas Oil Company
Headquartered in Taylor, Mich., Atlas Oil is the inaugural Simon Group Holdings company. Since our founding in 1985, Atlas has grown through technological and operational innovation, all while maintaining its unwavering commitment to customer success. Atlas offers single-source solutions for fuel, transportation, and logistics and is one of the largest fuel distributors in the country, delivering over 1 billion gallons of fuel annually to customers in 49 states. It has an active real estate division and are engaged in transportation logistics and fueling including bulk, fleet, event, onsite, emergency response, marine and oilfield services.
FOR MORE INFORMATION & INTERVIEW OPPORTUNITIES, PLEASE CONTACT:
ROWENA BATAILLE, HEAD OF MARKETING, INATECH
EMAIL: SALES@INATECH.COM | TELEPHONE: +44 203 609 8617
GAVIN SERKIN,MANAGING EDITOR, FRONTIER CONSULTANCY
EMAIL:GSERKIN@FRONTIERFUNDS.ORG | TELEPHONE: +44 7767 252 489