Leading Central Texas petroleum fuel marketer, convenience store operator and transport concern selects TelaFuel to manage fuel purchasing, replenishment, logistics, and invoice reconciliation processes
LOUISVILLE, KY — December 2005 — TelaPoint, Inc., a leading Internet supply chain software provider for the Convenience Store and Petroleum industry, today announced that FIKES Wholesale, Inc. has selected its TelaFuel Internet software suite of products including Smart Replenishment, Smart Buying and Smart Invoicing to streamline and manage its fuel operations. FIKES is using TelaFuel, a browser-based application suite, to improve management of fuel purchasing, replenishment, truck logistics, and invoice reconciliation operations across its wholesale dealer network as well as it chain of over 60 CEFCO convenience store locations. With TelaFuel, FIKES is on its way to achieving significant benefits including the ability to lower fuel procurement costs, optimize fuel inventory and transportation operations, and streamline supplier invoice reconciliation expenses.
“Our decision to implement TelaPoint’s Internet supply chain solution supports our business strategy to improve operational controls, reduce administrative costs, and continue to improve our ability to serve our customers” said Raymond Smith, Chief Operating Officer with FIKES Wholesale, Inc. “TelaFuel gives us the ability to be more proactive to the fast changing petroleum market. The combination of TelaFuel’s technology and our staff’s fuel management knowledge will enable us to exceed our customer’s expectations.”
“TelaPoint is proud to announce FIKES ‘selection of TelaFuel to support its retail, wholesale, and transportation petroleum goals and is committed to assisting FIKES in achieving enhanced fuel supply efficiencies,” said TelaPoint’s President, Mike Dahlem. “We remain very encouraged by the increasing momentum and acceptance we are achieving with our TelaFuel solution across the Convenience Store and Petroleum marketplace.”
TelaFuel is an Internet supply chain software solution that includes Smart Replenishment, Smart Buying and Smart Invoicing. The TelaFuel solution helps companies realize fewer communication errors with transportation partners, lower fuel inventory and replenishment costs, make better fuel purchasing and pricing decisions, and streamline fuel invoice reconciliation.
All TelaPoint customers have secure access through browser-based software applications allowing for timely and accurate communication with their authorized trading partners. TelaPoint’s Internet services extend and redefine interaction and collaboration between trading partners in the Convenience Store and Petroleum supply chains.
About FIKES Wholesale, Inc.
FIKES Wholesale, Inc. is a multi-branded petroleum products marketer that has been in business for over fifty years. FIKES offers and distributes quality fuel products from Shell, ExxonMobil, ChevronTexaco, CITGO and Valero to retail stations throughout the state of Texas. In addition, FIKES serves many unbranded and commercial accounts with quality gasoline and diesel fuel.
Located in Temple Texas, FIKES proudly serves retail customers through its CEFCO chain of stores and their network of Dealers. These outlets offer quality fuel as well as convenience items in a clean and safe environment. Many locations provide additional services including restaurants and car washes.
About TelaPoint
TelaPoint, Inc. is the first Internet platform software company to provide business-to-business applications focused exclusively on the Convenience Store and Petroleum industry. The TelaPoint application suite enables convenience stores and fuel outlets to improve the efficiency of their fuel replenishment, buying and administrative operations. Founded in February 1999, TelaPoint is a privately held company headquartered in Louisville, Kentucky.
Additional information on TelaPoint is available via the Internet at www.telapoint.com or through email at media@telapoint.com. TelaPoint, TelaFuel, Smart Replenishment, Smart Buying, Smart Invoicing, and the TelaPoint logo are trademarks of TelaPoint, Incorporated. All rights reserved. All other company and product names are registered trademarks or trademarks of the respective companies with which they are associated and are acknowledged.
Contact:
John Humphreys
Vice President
TelaPoint, Incorporated
Phone: 502.569.7500 ext.231
Fax: 502.569.7505
E-mail: jhumphreys@telapoint.com
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