OMAHA, Neb. -- Telvent DTN, a real-time technology solutions and information supplier, this week launched a "dashboard" configured solution designed to improve the bill-to-cash cycle for fuel marketers. The product, "DTN Fuel Admin," provides users standardized electronic bills of lading (eBOLs) that transmit at rates faster than average, said the company.
Fuel marketers can rely on near real-time delivery of pretranslated eBOLs, speeding up billing processes and bringing cost-savings, it said.
Complex BOLs, delivered from varying sources and on varying schedules, create administrative hassles for fuel marketers and impede the bill-to-cash cycle. Using Fuel Admin, users now have the capacity to receive streamlined, accurate electronic bills of lading and can rely on delivery within minutes of load completion.
In addition, the new solution provides standardized, easy-to-read eBOLs, cross-referencing from the an extensive BOL repository to meet users' backoffice specifications without the need for further translation.
"Fuel marketers now have the solution they need to increase efficiencies in the back office," said Ignacio Gonzalez, Telvent's chairman and CEO. "Telvent DTN is committed to finding the best ways to provide our customers with cost-saving tools for every level of business."
Omaha, Neb.-based Telvent DTN is a provider of real-time information for refined-fuels supply-chain management solutions, managing 80% of the supply-chain pricing and billing transaction interchanges in North America, the firm said. Telvent is a global IT solutions and business information services provider dedicated to helping improve efficiency, safety and security for the world's leading companies.
The company recently joined forces with Schneider Electric. As a global specialist in energy management with operations in more than 100 countries, Schneider Electric, Rueil-Malmaison, France, offers integrated solutions across multiple market segments, including leadership positions in utilities and infrastructures, industries and machine manufacturers, nonresidential buildings, data centers an networks and in residential.
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