Petroleum
Our flagship product, SolArc RightAngle, is ideally suited to today's integrated oil company or modern merchant refiner/marketer. RightAngle helps make sense of the avalanche of contracts, terms, nominations, complex price formulas, hedging strategies, invoice structures and accounting G/L transactions. A few of the strengths of RightAngle are:
True quantity tracking throughout the system
In the oil business, no actual figures ever match a schedule; ins and outs never match exactly; no execution plan ever matches the exact deal structure. RightAngle tracks all these numbers and helps track down gains and losses, overpulls and underpulls, min-maxing of volume tolerances vs. prices, and so on.
Inventory valuation
RightAngle supports several different methods of WACOG and non-WACOG valuation and functions such as month-end valuation of in-transit inventory, including financial settlement.
Excise taxes across all applicable jurisdictions
Employing available escalators, tiers and percentages while maintaining all relevant exempt certificates for each counter party, these are applied automatically when the movements are actualized.
Full coverage of the numerous deal types
From physical spot and evergreen deals, to futures and options, to convenience exchanges, throughputting agreements and storage, RightAngle covers all deal types in the petroleum industry. In the scheduling arena, vessels, pipelines, rail, barge and truck are all handled intelligently--asking for only the information required for that mode of transport.
Also, SolArc RightAngle provides comprehensive solutions for:
Accurate position keeping
Credit management
Rack activity and invoicing
Complicated lease operations
Custom functionality
