Firms with rack marketing operations are faced with a highly competitive environment where success is dependent on the ability to manage the supply chain profitably and deliver high levels of customer service. At the same time, companies need to manage high transaction volumes, handle frequent price changes and ensure accuracy in regulatory reporting to taxing authorities.
OpenLink provides a complete solution for rack marketing – from trading, deal capture, scheduling and inventory management to auto-matching of contracts, pricing and tax management right through to position management, risk reporting and accounting. As a result, processes are streamlined, and the business gets more timely and accurate information for decision making.
"OpenLink RightAngle has allowed us to reduce our reconciliation time by an order of magnitude over our old spreadsheet process."
– CIO, Fuel Marketing Organization
Our solution captures deals and tracks movements so you get real-time visibility over your positions and inventories across all products and locations. This enables you to manage the supply chain more profitably and deliver high levels of customer satisfaction.
With OpenLink you can streamline order processing and accounting by automatically matching orders with tickets and linking straight through to invoicing. In addition, our rack pricing tools allow you to change prices as often as needed and automatically notify customers of the change.
The solution provides support for federal, state and excise taxation including VAT taxes using a flexible rules-driven fuel “tax engine.” This means you can reduce the effort required to generate regulatory reports to the tax authorities and report to the authorities with confidence.
Finally, OpenLink provides automated, straight-through processing of both physical transactions and financial derivatives, providing you with an aggregated, physical-to-financial view of positions and price risk exposure.