FuelQuest, Inc., the leading on-demand software and services
company for the downstream energy industry, announced today that Saudi
Arabian Airlines (Saudia) will implement FuelQuest´s Fuel Management
System(TM) (FMS) and ZyTax Tax Determination Engine. The solution,
deployed in conjunction with the SAP(R) ERP application, will optimize
the airline´s fuel procurement and management processes as the company
reorganizes its operations into nine independent subsidiaries.
"FuelQuest´s automated solution will streamline processes tied to
fuel procurement, inventory replenishment, transaction processing and
financial reconciliation, enabling us to reduce our fuel-related
operating costs," said Khalid Almolhem, Director General, Saudi
Arabian Airlines. "FuelQuest FMS´s proven integration with SAP ERP
will provide a platform for expansion as the airline continues to grow
and evolve as a privately run entity."
Saudia´s fleet, ranked among the top 20 out of 247 airlines,
includes more than 130 aircraft servicing 42 countries using 92
fueling locations and three bulk fuel inventory locations in New York
City, Houston and Austin, TX. FuelQuest provides Saudia with a fuel
management solution that supports its well-defined growth initiatives.
With FuelQuest´s FMS, Saudia will have detailed insight into fuel
usage trends and inventory positions, enabling them to reduce direct
fueling costs and maximize the effectiveness of its hedging program.
Saudia selected FuelQuest´s FMS to centralize and automate its
fuel management processes in the following areas:
-- Inventory, order and price management;
-- Delivery and invoice reconciliation;
-- Tax determination;
-- Freight management.
In addition, FuelQuest´s FMS has achieved Powered by SAP
NetWeaver(R) status for the certified interface Fuel Management System
version NW04.1 integrated with SAP solutions.
"FMS will allow Saudia to quickly adapt to market changes and
implement a proactive sourcing and supply strategy to combat price
volatility," said Jim Kiser, senior vice president of FuelQuest. "We
are pleased to work closely with Saudia and SAP to deliver this
comprehensive aviation solution."
About FuelQuest
FuelQuest provides on-demand, web-based supply chain management
and tax automation technologies for suppliers, distributors, buyers,
and traders of petroleum products and other energy commodities.
FuelQuest solutions deliver operational and financial value to over
750 customers.
These customers include leading global oil companies,
international retailers, shippers, and government entities. FuelQuest
solutions help customers manage the complexity, regulation, and market
volatility of billions of gallons of gasoline and diesel fuel
annually. ZyTax solutions process tens of billions of dollars of motor
fuels excise taxes per year.
Find out more online at www.fuelquest.com.
SAP, SAP NetWeaver and other SAP products and services mentioned
herein as well as their respective logos are trademarks or registered
trademarks of SAP AG in Germany and in several other countries all
over the world.
All other product and service names mentioned herein are the
trademarks of their respective owners.
