Pin Oak Terminals is to start delivering automated ticketing, tank inventory reconciliation, and provide greater invoicing accuracy of hydrocarbon liquids once it has implemented Emerson’s Synthesis order-to-cash software.
The new hydrocarbon liquids storage and logistics terminal in Mount Airy, Louisiana, U.S., has been looking for a scalable commercial management system to improve day-to-day order processing, “and give us and our customers visibility to inventory levels and other critical data in real time,” said Mike Reed, CEO of Pin Oak Terminals, LLC.
Emerson’s enterprise-level logistics midstream management solution will integrate with the terminal’s back office, commercial and operational data to enhance customer service which will help the facility achieve its goals of quickly and accurately closing each accounting period, enhancing asset availability and reducing operational costs.
“With Synthesis software, we will be able to automate movement orders and improve data-intensive processes across the board, allowing us to better serve our customers and invoice quicker with greater accuracy as well as streamline our month-end close process,” noted Mike.
Tengbeng Koid, President of the Energy Solutions business of Emerson said: “Many terminals struggle due to delayed invoicing and inefficient asset management practices that require significant reconciliation time.
“With Synthesis software, all aspects of logistics management are seamlessly integrated, providing a level of transparency that enables our customers to improve their month-end close time with a 60 percent overall time savings.”
With Synthesis software, the enterprise is connected to the field to ensure a direct link between transactions and charges. Terminal orders are electronically generated and distributed. There is also a significant reduction in administrative time spent on data collection. In addition, a self-service portal provides customers with 24/7, web-enabled access to inventory information as well as pending charges, invoices and reports.
Emerson will provide a configured software solution that includes interfaces for operational information, order management, inventory management, and invoicing for general ledger export. The application also provides a standard reporting package.
For more information, visit: www.emerson.com
14th Mar 2018