With automated end-to-end operational management and reporting, Openlink ATM serves enterprises that operate pipelines, terminals, blending facilities, fractionation facilities and other types of assets involving the day-to-day movement of oil and other bulk liquids. By centralizing the collection of data, ATM helps pipeline and storage operators improve communication with customers, maintain accurate inventories and optimize their overall operations.
ATM automates and streamlines manual processes by centralizing the collection of data, enabling operators to maintain a competitive advantage in an increasingly complex and challenging business environment.
Companies need an accurate view of current and projected inventories to meet their commitments. However they are faced with an avalanche of exchange agreements each with different product re-grades, location differentials and other details. In addition, product is spread out along the supply chain across storage, cargoes and in-transit. Keeping track of inventory is complex and is typically managed in spreadsheets.
Openlink tracks all transactions related to inventory and exchange agreements including storage, cargos and in-transits, to provide accurate balance and statement reporting. We track product re-grades and other critical details to produce timely and accurate exchange balances.
Further, movements in and out of storage accounts are tracked and grouped so they can be reconciled with third party statements and/or physical inventory readings.
The real-time volumetric information provided by Openlink enables companies to analyze current and projected inventory balances and optimize inventory levels.
Because companies use different systems across scheduling, trading, inventory management and accounting that are not well integrated, different functions aren't using a single, consistent set of information. Also errors arise in transferring data between systems and these have to be tracked down and corrected.
With Openlink you get one integrated solution for the whole of your workflow – from deal capture through trading, scheduling, logistics and inventory management to rack management and lease management through to settlement, risk analysis reporting and treasury management.
Because a single solution is used, a correction on a deal, for example, will automatically generate a correcting accounting entry; eliminating much of the manual reconciliation that is typical when multiple systems are used.
The data transparency delivered right along the supply workflow also allows users to click on an accounting entry, for example, and drill down into the underlying trade to quickly investigate issues when they do arise.
As a result, processes are streamlined and the business gets more timely and accurate information for decision making.
To learn more about how Openlink Solutions can work to improve ROI and streamline operations in your business, contact us for a free consultation or no obligation demo.