Atlas Oil turns to Inatech’s Techoil to support growth strategy
Atlas offers single-source solutions for fuel, transportation and logistics and is one of the largest fuel distributors in the U.S., delivering over 1 billion gallons of fuel annually to customers in 49 states. Atlas is also a global leader in adopting mobile technology and Automated Fueling Solutions. Techoil is an intelligent and integrated end-to-end cloud software product developed by Inatech, a unit of Glencore.
It is a time-critical business model so "we needed a solution that could be configured to our way of working and Techoil provided that to us," commented Clint Werth, Vice President of Supply and Logistics at Atlas Oil. He said that, having looked at all the options in the market, "Inatech stood out for its solution richness, total cost of ownership and service offering."
According to Werth, assigning Inatech to deploy Techoil has produced time and cost savings for Atlas' trading, supply and risk operations. Now in use, it is supporting rapid decision-making in a more complex environment by providing a holistic view of operations across trading, physical and derivatives, and inventory together with real-time information about products, prices and availability.
"The Atlas partnership is special as it highlights Techoil as a market-leading cloud-based oil commodity management solution," said Jean-Hervé Jenn, CEO of Inatech. "Gone are the days of long and costly implementation projects, which achieved sub-optimal returns. Atlas and Inatech have proved that Techoil can be implemented in a cost-effective manner in spite of the severely challenging COVID-19 situation."
According to Atlas, their supply business has expanded rapidly and now makes over 100,000 deliveries every year from more than 1,000 terminals nationwide. One of the key tenets of its growth plan has been to adopt the latest technology to manage risk, inventory and customer relationships while maintaining its unwavering commitment to customer success.
Since 1985, the company says it has grown through technological and operational innovation, offering many different types of pricing contracts, and utilizing its buying power and market expertise to pass the savings on to its customers. Atlas risk management solutions include hedging, OPIS, fixed price contracts, pricing caps, and swaps and collars.
The implementation of Techoil for Atlas was carried out in under three months and teams from both companies worked tirelessly to a fixed timeframe. Faced with disruptions to travel and business caused by the COVID-19 pandemic, the teams met their challenging timetable through robust project management, close co-operation, and decisive action, ultimately achieving a smooth transition.