Fuels
Airlines and other transportation companies aren’t traders by occupation, but they consume so much product that locking in their fuel prices allows them to manage their margins better. Long-term deals, hedging and position management are standard practice for many. Also, fuel supply customers such as airlines have hundreds of tickets per day, which must be entered, validated and paid efficiently. SolArc RightAngle gives transportation companies the edge in performing all of these functions.
Sophisticated hedging features
RightAngle has a rich toolkit for capturing and analyzing trades and positions. You can tie hedges directly to the underlying physical trades, clarifying net zero positions.
More accurate fuel ticket entry and matching
RightAngle provides multiple ways of entering these tickets — client/server, Web-based and electronic interface from proprietary systems. Once entered, RightAngle matches them to their purchase trades, automatically prices and taxes them and puts them into a holding area for matching to invoices when they come in. The whole process improves payables matching and minimizes errors.
More control of the payables matching process
RightAngle gives you total command in matching invoice quantities against fuel ticket quantities and matching invoice prices versus contract prices and preventing duplicate payments. It’s a proven way to improve your bottom line.
Also, SolArc RightAngle provides comprehensive solutions for:
Accurate position keeping
Credit management
Rack activity and invoicing
Complicated lease operations
Custom functionality
