Oil & Energy - Chicago, Illinois, United States
On any given day, millions of gallons of all types of fuels are transacted around the world. Specifically in the Wholesale Distribution and Marketing (Midstream) sectors, the antiquated processes that control these transactions are costly and inefficient leaving businesses on each side of the supply chain exposed to a higher propensity for mistakes, higher supply and marketing costs, and a lack of transparency into local market conditions. Despite the comparatively high concentration of midstream fuel market participants, a unified, cost effective solution to market, dispatch, transact, and reconcile bulk fuel transactions does not yet exist.While there are several solutions that offer some of the features that Proqyr does, these solutions are costly and difficult to implement, restricting access to only the largest fuel distributors. Proqyr's SAAS platforms provides a cost effective, easy to deploy solution to assist fuel marketers of all sizes with their back office operations while leveraging the network effect to drive increased transparency and enhanced efficiency in bulk fuel transactions.