Major Central European oil and gas company uses PriceNet for fuel price management
KSS Fuels announced today that MOL Hungarian Oil and Gas plc has implemented PriceNet across its retail network of more than 300 fuel sites in Hungary. Following a thorough review of its requirements, MOL selected a suite of PriceNet solutions to streamline its fuels pricing process, reducing response times and delivering the critical business information needed to enhance fuel pricing decisions.
As part of a more integrated end-to-end pricing process, MOL has implemented PriceNet Web to connect store personnel with the head office and PriceNet Mobile to allow field personnel to update competitor prices in real time and quickly approve price changes. The PriceNet Maps module presents key performance information via Google Maps, helping remote pricing personnel to better understand local market environments and assess the impact of short-term changes in traffic flow.
"We are delighted to work with MOL, a highly respected, leading petroleum retailer in Central Europe, and look forward to helping innovate its fuels pricing practices through the use of our PriceNet products and services," said Bob Stein, president and chief executive officer of KSS Fuels. "This will further establish our presence in a high-growth European region."
László Piry, senior vice president retail of MOL Hungarian Oil and Gas plc, said, "With KSS Fuels and the PriceNet suite of fuels pricing solutions, we have the capabilities to better serve our customers and enhance our position as a leading Central European Energy provider."
PriceNet is a comprehensive pricing solution that streamlines the pricing process, from competitor surveys to price change at POS, pump and sign, delivering pricing in minutes. High levels of automation and an "exception-based" approach ensure a rapid response to competitors and market conditions and allow pricing analysts to leverage the power of price optimization. A family of products, PriceNet includes modules for increased mobility and analytic dashboards to support real-time fuels pricing and performance monitoring via handheld mobile devices.
About KSS Fuels
KSS Fuels is the leading global provider of fuels pricing and retail network planning software, analytics and consulting services to companies in the oil & gas, convenience store, grocery and retail industries. KSS Fuels helps fuel retailers, distributors and marketers implement effective pricing solutions to increase profitability and analyze retail networks to pinpoint growth opportunities and optimize capital investment to enhance operational performance. The company has North American headquarters in Florham Park, NJ as well as regional offices in Florida, Illinois, Ohio, Oklahoma, Texas and Canada and international operations in Brazil, China, India, Japan, Korea and Africa, with headquarters in Manchester, United Kingdom. For more information about KSS Fuels, please visit www.kssfuels.com.
Contacts:
Dix & Eaton
Amy McGahan, 216-241-3027
amcgahan@dix-eaton.com
