SolArc, an innovative, market-focused software company that dramatically
improves the performance of commodity-intensive businesses, today
announced the launch of SolArc RA FuelOffice. SolArc RA FuelOffice, is
an enterprise solution for jet fuel procurement, budgeting, accounting
and price risk management for small to mid-size airlines. SolArc RA
FuelOffice delivers the proven, market leading functionality and best
practices for jet fuel management that major global airlines such as
Singapore Airlines and United Airlines use across their global fuel
supply chain.
SolArc RA FuelOffice is a preconfigured solution that can be deployed in
a hosted environment to reduce the total project cost and implementation
time. This pre-configured solution will help to accelerate the target
ROI. SolArc RA FuelOffice offers the following functionality and best
practices to streamline the jet fuel operations for small to mid-size
airlines and air cargo carriers:
Fuel planning and budgeting
Fuel procurement, pipeline nomination and inventory management
Invoice processing and automated payables verification
Fuel tax application and payables processing
Fuel price risk management and hedging
Support for implementation of FASB 133/IAS 39 hedge accounting
standards
Support for implementation of IATA fuel data standards
"Jet fuel management for small to mid-size
airlines is a very strategic market for SolArc" said Dale St. Denis, Vice President of Commercial & Industrial business
for SolArc. "SolArc RA FuelOffice packages
SolArc´s extensive airlines solution and
implementation experience in a hosted solution that lowers the cost of
entry for small to mid-size airlines."
About SolArc
SolArc, Inc. is a global provider of commodity trading and risk
management software and services that can dramatically improve the
operational and financial performance of companies dependent on
commodity-intensive markets.
SolArc´s integrated application suite delivers
greater enterprise insight and control over the entire commodity-based
value chain within an organization. The SolArc solution offers
innovative technology based on industry-leading services and world-class
expertise that connect professional disciplines like trading
scheduling, accounting and risk management across both physical and
financial commodity transactions.
Since 1991, SolArc has become a trusted solution provider for an
international clientele of leading corporations across a range of
vertical industries, including Energy, Transportation, Finance
Agriculture, Consumer Goods and others. Headquartered in Houston, Texas
SolArc also has offices in Tulsa, Oklahoma, London, and Singapore. To
learn more about SolArc, please visit www.solarc.com.
