Fuelquest Announces Launch of FMS Version 5.0

FMS has become one of the industry standards for bulk fuel management, and version 5.0 delivers enhanced functionalities to reduce fuel costs and inventories while enabling efficient execution of core business processes between suppliers, distributors and buyers.
 
"As fuel prices and volatility increase, FMS 5.0 provides fleet, retail and transportation companies the ability to minimise inventory levels, source fuel at the lowest cost and perform accurate margin analysis," says FuelQuest Executive Vice President, Matt Tormollen. "Through increased automation of business processes that span suppliers, carriers and buyers, we are further reducing costs and driving efficiencies for our customers."
 
FMS 5.0 features include unprecedented visibility into delivered  pricing data. By tapping automated data feeds directly from partner back offices, FMS 5.0 diminishes redundancies and the likelihood of human error, instead providing sharper insights into delivered pricing components such as freight costs, unit costs and taxes.

 
With improved sourcing capabilities in place, users can create pricing options and track fuel contracts across various pricing scenarios. This
flexibility, combined with a built-in capability to tap spot market prices, enables optimised strategic sourcing and decision making. By integrating
high-integrity data throughout the buyer¹s supply chain, FMS 5.0 increases best buy and strategic sourcing efficiency ­ from inception to invoice.

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