Under the program, KSS will work with prospective clients and set customized performance benchmarks. After a set timeframe, if performance and profits fall below those predetermined goals, then the user receives a discount on the license. If the software produces no performance or profit improvement at [image-nocss] all, then the license is free.
"We have implemented our fuel pricing solutions in more than 25,000 sites and terminals across 25 countries, totaling more than $180 billion in revenue. In addition, we have had 100% profitability improvement at all installations and 100% customer retention," said Bob Stein, president and CEO of KSS. "We're confident that our PriceNet and RackPrice solutions will help retailers and wholesalers improve fuel pricing performance and gross profits. Therefore, in this uncertain economic environment, we'll stand behind our products and reduce the risks for potential customers."
PriceNet is a comprehensive pricing solution that supports the key tasks and stakeholders involved in retail fuels pricing, from capturing field-based intelligence at the site level to the generation of price proposals, via comprehensive pricing rules or price optimization, to consistent and timely implementation. High levels of automation and an exception-based approach ensure a rapid response to competitors and market conditions and allow pricing analysts to leverage the power of pricing analytics.
RackPrice is an end-to-end wholesale pricing solution and includes modules for price generation automation, reporting/analysis, competitive price prediction, price-volume modeling and price optimization. The system helps wholesalers meet volume targets at the maximum possible margin by improving its pricing processes and responding more rapidly and effectively to market moves.
This announcement follows with KSS' recent "Choose Your Grade" campaign launch, where the company is now offering potential customers flexible delivery models, including subscription and hosted methods, for its fuel price management software. In addition, KSS introduced its KSS Consulting Division, a service designed to help retailers and wholesalers maximize their fuel pricing strategies and processes.
KSS is a leading provider of pricing analytics, price management, rules-based pricing and optimization technology and services to fuel retailers and wholesalers in the oil and gas, convenience store, grocery and big-box retail industries. KSS clients include global, national and regional companies managing more than $180 billion in revenue through 25,000-plus fuel sites and rack terminals throughout the world. KSS U.S. headquarters are located in Florham Park, N.J. and European headquarters are based in Manchester, U.K.
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