Efficient Fuel Price Management

Fuel price capture and management is one of the most crucial daily tasks for any company buying petroleum products.  While many have automated this process with varying levels of success, others are still manually processing a significant number — if not all — of their prices. 

Prices must flow into a back-office system in a very specific process, which often results in compromising key corporate objectives between accounting and fuel buying teams.  Accounting teams require centralized control for accurate billing and reconciliation of special deals and contract pricing.  Fuel buyers must be able to access every scenario of real-time rack price and contract prices with discounts to make the most profitable fuel buying decisions. 

Now, multiple groups with an organization can work effectively from a single, convenient source of pricing data in DTN Fuel Buyer Price Exports — the only centralized price management application in the downstream. Now both groups can work effectively from the same set of shared price data — without missing critical intra-day price moves or duplicating efforts. Manual entry for contracts and special pricing is eliminated, along with secondary processes for capturing index data. New rules-based logic allows auto-generation of contract prices including feeds from industry indexes, such as NYMEX, Platts and Argus. 

With centrally managed contracts and discounts, more deals are being properly captured before an invoice arrives.  When prices are accurate, other automated processes — like supplier invoice reconciliation — continue running smoothly.

Effectively manage hundreds — even thousands — of critical fuel prices each day.

DTN Fuel Buyer can aggregate prices from:

• DTN’s pricing network of over 2 million prices a day
• Price retrieval from supplier websites 
• Customer-configured derivative price rules that automatically:
  • Copy prices to other terminals
  • Create a new product price based on differentials
  • Generate contract-based price with industry feeds from NYMEX, Platts, Argus and others
• Off-rack discounts and adjustments  
• All intra-day price changes 

DTN Fuel Buyer Price Exports offer flexibility and control to fine-tune the configuration of price downloads for each supplier/terminal/product combination:

• Design your own set of rules on the centralized price base
• Add, inactivate or modify prices at any level
• Each rule can be configured for buyers only, export users or both
  • Either group can now access this price base and further manage the price base to meet their own objectives
• Inactivate any price you don’t want downloaded
• Make a change to a price that you’ve already received
• Copy prices for any or all products to any additional terminals you want
• Add differentials to manage new product derivative prices
• Download all prices since your last download