[ID] => 9406
[post_author] => 34
[post_date] => 2018-04-05 16:03:03
[post_date_gmt] => 2018-04-05 15:03:03
[post_content] => Planning the opening of a brand new bulk liquids storage terminal providers the owner with the opportunity to sit back, look at the range of products and services on offer, and choose those that really meet the needs of the new facility and its customers. And there is plenty of choice, as anyone who visits the ILTA trade show or the StocExpo events will attest.
So when Pin Oak Terminals was planning its new site in Mount Airy, Louisiana, it had the chance to leapfrog other existing terminals and go for the latest and most effective systems on the market. One choice it made was to install Emerson’s Synthesisä order-to-cash software, which promises to delivery automated ticketing, tank inventory reconciliation and greater invoicing accuracy.
“As a new terminal, we were looking for a scalable commercial management system to improve our day-to-day order processing and give us and our customers visibility to inventory levels and other critical data in real time,” explains Mike Reed, CEO of Pin Oak Terminals. “With Synthesis software, we will be able to automate movement orders and improve data-intensive processes across the board, allowing us to better serve our customers and invoice quicker with greater accuracy as well as streamline our month-end close process.”
The scalable, enterprise-level logistics midstream management solution integrates with the terminal’s back office, commercial and operational data to enhance customer service, which will help the facility achieve its goals of quickly and accurately closing each accounting period, enhancing asset availability and reducing operational costs.
MAKE IT SNAPPY
“Many terminals struggle due to delayed invoicing and inefficient asset management practices that require significant reconciliation time,” says Tengbeng Koid, president of the Energy Solutions business of Emerson. “With Synthesis software, all aspects of logistics management are seamlessly integrated, providing a level of transparency that enables our customers to improve their month-end close time with a 60 per cent overall time savings.”
Using Synthesis software, the enterprise is connected to the field to ensure a direct link between transactions and charges. Terminal orders are electronically generated and distributed. There is also a significant reduction in administrative time spent on data collection, leading to enhanced customer satisfaction. In addition, a self-service portal provides customers with 24/7, web-enabled access to inventory information as well as pending charges, invoices and reports.
Pin Oak’s terminal is still under construction but it officially opened for business in August 2017, two years after breaking ground on the land along the Mississippi River. It has the space to construct up to 10m bbl (1.6m m³) of tankage for crude oil, refined products, chemicals and other liquids, with 4m bbl already committed under customer agreements.
The terminal opened with one dock, a two-bay truck loading rack and four tanks totalling 424,000 bbl (67,400 m³) for refined products and biofuels. A second dock is planned, allowing the terminal to handle Aframax tankers and up to 14 barges simultaneously; a two unit train loop is also possible. Pin Oak plans to provide a wide range of services to its customers, including offloading, storage, heating, blending and transfer of crude oil, refined products, gasoil, fuel oils, naphtha, base oils, chemicals, ethanol and vegoils.
[post_title] => Software: Latest and greatest
[post_status] => publish
[comment_status] => open
[ping_status] => open
[post_name] => software-latest-greatest
[post_modified] => 2018-04-06 12:10:41
[post_modified_gmt] => 2018-04-06 11:10:41
[post_parent] => 0
[guid] => https://www.hcblive.com/?p=9406
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[comment_count] => 0
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