AN INDUSTRY-SPECIALISED RACK MARKETING AND DISPATCH SYSTEM FOR FUEL MARKETERS
Accelerate your business with an integrated solution
Supporting in Every Step of Fuel Wholesale and Distribution
Techoil Rack is a dedicated cloud-based refined fuels wholesale supply and logistics system for fuel marketers. With a suite of integrated solutions including ETRM, ERP, Bestbuy & Dispatch, Taxation, and powerful analytics, this one-of-a-kind system seamlessly runs the entire business. With Techoil Rack, you can
Techoil Rack automates and easily manages various functionalities using a modern, integrated workflow. This translates to seamless operations, reduced errors, and effective utilization of time and resources!
Wholesale - Every Minute and Penny Counts
We understand that business can get tough when it depends heavily on cash flow with transactions involving short-term credit. With no control over price volatility and operational complexity, there is a fine line with adequate cash flow, including payment of state taxes and profit margins. The key to financial flexibility lies in optimising inventory as well as payable and receivable accounts.
Inatech’s Techoil Rack helps you with better control and management of working capital including
- What is your expected cash flow this week?
- How can you speed up invoicing and collection?
- What is your real-time PnL?
We will help you find these right answers and many more without the hassle of manual, mundane tasks!
Boost Cash Flow
If you are a fuel marketer, your focus would be to effectively handle hundreds of invoices. Techoil Rack ETRM helps you simplify this process with its invoice automation functionality. It means you receive all your invoices including bill of ladings (BOL) electronically, straight into the ERP.
Equipped with a robust tax module, it also optimises your supply chain, trading, inventory, and spot orders. Most importantly, Techoil Rack allows integration with OPIS and DTN suppliers feed, and enables terminal movement reporting, so you can be one step ahead.
What Makes Techoil Rack Stand Out
A specialised solution developed just for fuel marketers
Complete front, mid, and back-office automation and support
True cloud-based solution with NO recurring implementation cost
Best-in-class tools for advanced risk analytics, real-time position, risk reduction, margin optimisation, hedge effectiveness, stress testing and more
Seamless integration with external systems and data feeds for smooth operations
Robust customer service and support based on the priority of support requests
A Proven Solution for Your Entire Business
Our solution is failure-proof and requires zero intervention from your side whilst delivering the desired output.
Let us dive deeper to know how Techoil Rack is helping businesses achieve accelerated growth.
What Our Customers Are Saying
“This double whammy of market risk and regulatory risk has prompted Trefoil to rethink our entire operating system and to invest in maximizing our efficiency in dealing with these challenges,” said Max Braams, Strategic Project Manager at Trefoil in Rotterdam. “
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.
“We operate in a complex and competitive business environment, so we need reliable and adaptable trading tools that function across our network and have the potential to grow with us,” said Seva Tkachenko, Commercial Manager at Arte Bunkering.
“Bunkertech gives us a complete system that is now being used across our offices—and it is scalable as we continue to expand.”
“Inatech was very convincing with its deep knowledge of the industry and its highly experienced team. It was essential to us that we have a system that will ensure support for the long term and Inatech provided this comfort along with better workflow and analysis opportunities. It gives us confidence in a rapidly evolving market.”
Inatech is not only supporting a CTRM but a fully integrated solution from front to back office including ERP and accounting. We are looking forward to a new era that will reduce our manual work and error-proneness significantly.
Smart Trader and Shiptech are now a crucial part of our operational infrastructure, ensuring that we are fully compliant and have complete visibility on all aspects of our fleets and bunker buying. This has been an important part of our preparation for 2020.
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
Since the COVID-19 pandemic, we have been grateful to have an ETRM solution like Techoil. We have been able to prepare all our financial statements and manage in real-time our inventory levels, our customers’ exposures and also looking at what’s coming down the pipeline.
Inatech is the right technology partner for PDI because the management truly understands our business and is willing to work with us to address our specific needs,” said Andy Hausig, President at Petro-Diamond Inc. “The adapted Techoil software will turbo charge our productivity and improve management decision making across our entire chain of business processes.
Expedite your decision-making process to overcome market volatility with Techoil Rack
INATECH GROWS AND SEEKS TO DIVERSIFY VIA PRODUCT INVESTMENT AND ALLIANCES
Inatech grew at around 25% in 2021 yet its CEO, Jean Hervé Jenn, described the year as ‘disappointing” by comparison to 2020 when I spoke with him recently.
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
MITSUBISHI OIL TRADING UNIT PETRO-DIAMOND INC. MANDATES INATECH FOR DIGITIZATION OF US GASOLINE SUPPLY CHAIN
Petro-Diamond Inc., the oil-trading firm owned by Mitsubishi Corp.
Frequently Asked Questions
Energy Trading and Risk Management or ETRM software is primarily a category of software applications, architectures, and tools that help in supporting the business processes in commodity trading in the energy market. Used by oil traders, suppliers, distributors and wholesalers, ETRMs help companies assess market information to make data-driven decisions and maximise margins.
Many oil traders, suppliers, distributors and wholesalers still run their commodity trading businesses using manual processes, spreadsheets or outdated legacy systems. ETRM software enables operators to automate these outdated processes. This saves money and improves the efficiency of operations by streamlining trading, hedging, credit, cash flow, operations and inventory.
ETRM software also assists in managing risk and operating complex integrated supply chains for energy commodities. It handles complex interfaces effortlessly manages all front, middle and back-office needs, making it a cost-effective option for oil trading companies.
ETRM stands for Energy Tradeing and Risk Management and CTRM stands for Commodity Trading and Risk Management. These terms are used to describe a set of software that is utilised in commodity trading and risk management. ETRM is actually a subset of CTRM software.
ETRM solutions include many functionalities to address the key aspects of energy or commodity trading and risk management activities such as
- Trade and operations to cover everything from energy trading, contract management and operations to credit control and delivery.
- Hedging and risk management so you can hedge, monitor, forecast and report.
- Inventory management and reconciliation for a complete view of your inventory right across the supply chain.
- Contract management of single or multi-site end customers
- Rack marketing for automated posting to PLATTS of wholesale terminal prices.
- Financial accounting to enable planning, control, compliance and auditing.
- Reporting to give you a complete view of your business performance).
- Integration to make sure you can integrate with third-party applications
By implementing ETRM software companies can
- Manage market, operational, credit and counterparty risk more effectively.
- Control operational complexity and directly impact profitability.
- Access a consolidated view of the business. This simplifies informed decision making.
- Improve profitability through trade economics, accurate pricing formulas and MTM.
- Save time so you can focus on your business by streamlining operations to drive greater efficiencies throughout your business workflow.
- Reconcile trades in real-time.
- Have a solution that works across everything from trading to invoicing.
- Drastically reduce errors from manual or double entry through automation.
Yes! It provides and integrates the company’s front, middle and back-office operations. It also provides a scalable platform for effective risk management and increases efficiency within the company’s oil trading business.
Our strong and experienced project team can remotely and seamlessly implement true cloud-based ETRM within two weeks.
Yes, it has a natively integrated ERP that makes our ETRM an end-to-end solution! This feature gives you control over real-time position management and intra-day profit and loss statements.