Axxis Releases Delivered Cost Pricing and Outage Management in Price Management 6.5

May 29, 2007 – Axxis releases its newest version of the Price Management module version 6.5, also dubbed the core of the Axxis pricing suite. In adapting to the volatile petroleum pricing market, version 6.5 provides many new features and functions including the delivered cost pricing option and outage management.

As prices have become more volatile, customers have become savvier in order to protect their margin. Instead of business as usual, some companies are analyzing the tradeoffs between freight and fuel costs to compute their best price. According to one jobber in Ohio, “we wouldn’t have had the time to analyze the fact that the product was so cheap in Pittsburgh that we could freight it in. There were times when Pittsburgh was 26 cents cheaper – that’s still an 8-cent savings.” Axxis’ Laid-In module overcomes the challenges in calculating these savings and gives companies more opportunities to take advantage of cheaper fuel.

Price Management v. 6.5’s new and enhanced capabilities include the following:

• Delivered Cost Pricing (also called Laid-In Pricing). Users can expand their geography when they look for their “best buy”. They can calculate a delivered price based on customer delivery location including freight and surcharges.
• Outage Management. Manages outages allowing users to easily enter, track and manage outages to avoid erroneous purchase decisions and incorrect instructions to transporters.
• Contract Pricing. Allows customers to take advantage of supplier agreements such as OPIS and Platts and automatically calculates your supplier agreement contract prices for “best buy” comparison.
• View Messages. The Price Management system was further enhanced to allow users to view other supplier messages (information, transactional information, and index data) in addition to pricing within the Price Management system.
• New Reports. Includes new Rank with Variance Report that shows you the amount of the price variance.

About Axxis Software: Axxis has been a trusted provider of pricing and process automation solutions to the petroleum industry since 1991 and has been a leader in improving efficiency, reducing mistakes and cost cutting. Get technology you can trust and customer support that is there for you when you need it.

Contact: Art King, VP of Business Development
Phone: 651-287-9092
Email: sales@axxispetro.com