FIKES
Wholesale, Inc. Selects TelaPoint’s Internet Petroleum
Supply Chain Solution including Smart Replenishment, Smart Buying
and Smart Invoicing
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 12,
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 TelaFuelä 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 Replenishmentä, Smart Buyingä and Smart
Invoicingä. 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 TelaPointä 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.