FRAMINGHAM, Mass. -- Convenience-store retailer Cumberland Farms Inc. has entered into a definitive agreement to deploy ENFOS Inc.’s ENFOS Environmental Liability Management Platform to support the management of their remediation program including project and program management, lifecycle strategy and financial planning, reserve management, vendor proposals, work authorizations and expenditure management.
Additionally, ENFOS will be integrated with Cumberland Farms’ financial system to facilitate financial reconciliation.
ENFOS is a software-as-a-service (SaaS) platform that manages the complexities of remediation and asset decommissioning including reporting and disclosure requirements associated with ASC 410 and IFRS standards. ENFOS technology supports disparate data types and processes such as technical data and financial data to unlock root causes, cost drivers and best practices.
The solution integrates easily with customers’ Enterprise resource planning (ERP) systems and legacy applications, providing for seamless real-time knowledge. Customers include BP, Total, Kinder Morgan, ConocoPhillips, Celanese, 7-Eleven, Canadian National Railway and The RACER Trust.
ENFOS Inc. is based in San Mateo, Calif.
Framingham, Mass.-based Cumberland Farms is the owner and operator of nearly 600 convenience stores and gas stations located in eight states in the Northeast and Florida.
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