BASILDON, UK, November 2015 - Early next year Insite360 FuelQuest – the advanced fuel management service provided byVeeder-Root – will be adopted by all of BP’s company-owned sites in the United Kingdom. Under the same agreement, BP will offerInsite360 FuelQuest to all its UK dealers as part of the standard fuel contract agreement.
Insite360’s advanced cloud-based services will enhance fuel management effectiveness and peace of mind across the BP network. In addition, an analyst team will provide 24/7 support to BP site managers.
“We are delighted to partner with BP UK and bring our vast know-how in wetstock management to improve its forecourt operations. This milestone illustrates the solid growth Insite360 is seeing across Europe, where we expect other important partnerships to be forged next year,” comments Patrick Forsythe, WSM Managing Director at Veeder-Root.
BP sites across the UK will benefit from real-time analysis, sudden loss detection and alarm management with escalation on a 24-hour, 7-day basis. In addition Insite360 FuelQuest provides a web portal accessible on most mobile devices, offering enhanced reporting capability. Several other tools aimed at enhancing financial return like highly-precise AccuChart™ tank calibration, meter drift detection and delivery reconciliation are also part of the package.
BP dealers will also be offered new functionalities being added to Insite360. The new Price/Margin Management module aims at increasing fuel retail margins through more accurate and prompt control. This package will provide retailers with up-to-date competitor price information, alerting when prices are undercut. The second new module encompasses Inventory Planning and Inventory Forecasting. The latter offers functionalities like Delivery Plan Analysis, Retain and Run-out Forecasting. Inventory Planning is a useful tool for intelligent and automated fuel orders creation, reducing the chances of run-outs and haul-backs.
Veeder-Root will continue to expand the range of Insite360 FuelQuest services, with the aim of becoming the ‘de facto’ platform for cloud-based forecourt services in the world. Already serving 35,000 forecourts around the globe, the company expects this number to grow over the coming years based on customer interest to date.
ABOUT INSITE360 FUELQUEST
Veeder-Root Insite360 FuelQuest provides industry leading software and services to suppliers, distributors, retailers, carriers and fleets who utilize transportation fuels throughout the world. Insite360 FuelQuest improves profitability and abates risk for its customers by delivering solutions to manage and optimize fuel procurement, logistics, reconciliation and regulatory processes. These solutions deliver operational and financial value for companies responsible for more than 22 billion gallons of gasoline and diesel annually. Insite360 FuelQuest is a proud winner of the 2014 Petroleum Marketers Association of America's (PMAA) Best in the US award for Fuel Management Program.
Veeder-Root is a leading global supplier of automatic tank gauging, fuel management systems, and stage II vapor recovery solutions including the Red Jacket® brand of submersible pumps and pressurized line leak detectors. Veeder-Root and Red Jacket are market-leading brands with a tradition of excellence in the petroleum industry.
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