Titan Cloud adds robust Forecasting,
Dispatching, Route Optimization, Pricing, and Back-Office
Automation to core Fuel Asset Optimization Platform
NASHVILLE, Tenn., April 23,
2024 /PRNewswire/ -- Titan Cloud, the leading
Fuel Asset Optimization software platform, today announced its
acquisition of TRUEFILL, a fuel supply management and logistics
platform. Integrating TRUEFILL technology into the Titan Cloud
platform will give fuel retailers, wholesalers, and carriers
powerful tools to reduce fuel supply costs, increase fleet
utilization, decrease runouts, lower freight costs, and minimize
time required for efficient carrier management. The move further
solidifies Titan Cloud as a global leader in the downstream fuel
software market and will help integrate the fuel supply chain, from
terminal to the consumer.
"We are delivering a powerful solution that
will transform the way fuel is bought, sold, and delivered."
"This is the natural next step in Titan Cloud's journey to
provide fuel operators with the best technology to tackle issues
like supply disruptions, price volatility, and inefficiencies
throughout the fuel supply chain," said David Freese, CEO and Chief Product Officer of
Titan Cloud. "Together, we'll ensure seamless collaboration and
complete visibility from terminal to pump, ultimately delivering
lower costs and a more positive experience for consumers at every
stop."
"This acquisition marks a real paradigm shift for the fuel
industry," said Brandon Huff,
Co-founder and CEO of TRUEFILL. "By combining TRUEFILL's expertise
in fuel supply management with Titan Cloud's leading Fuel Asset
Optimization platform, we are delivering a powerful solution that
will transform the way fuel is bought, sold, and delivered."
In addition to the acquisition announcement, Titan Cloud is
thrilled to welcome Brandon Huff to
the team as the Senior Vice President, Global Fuel Logistics and
President of Global Operations. With Brandon's extensive experience
and leadership in fuel supply management, his role will be pivotal
in integrating TRUEFILL's technology seamlessly into the Titan
Cloud platform.
The expanded platform will provide more visibility to fuel
retailers, wholesalers, and carriers looking to optimize their fuel
supply chain logistics. Within Titan Cloud's centralized dashboard,
fuel operators will have access to reports to help track, forecast
and negotiate fuel orders and contracts, manage dispatch logistics,
and synchronize invoicing. The result is a smoother, quicker, more
accurate system that cuts out unnecessary time, effort, and
expense.
Titan Cloud's end-to-end Fuel Asset Optimization Platform
enables fuel operators to:
- Increase revenue by both reducing and highlighting the
root causes of inventory variance across the fuel supply
chain.
- Reduce maintenance and operating costs through proactive and
real-time monitoring of equipment.
- Manage complex contracts, manage allocations at all terminals,
and perform spot buys considering total fuel cost to lower overall
supply costs.
- Slash fuel and transport costs while guaranteeing on-time
deliveries with AI-based demand predictions, real-time ordering,
load and route optimization, intelligent resource allocation, and
streamlined third-party hauler integration.
- Streamline the delivery process from dispatch to invoice and
automate back-office tasks for effortless invoice matching with a
unified dispatch approach.
- Reduce environmental risk through advanced compliance
workflows, notifications, activities, and release detection
reporting.
"Titan Cloud can now deliver on the long-awaited promise of
crystal-clear visibility across the entire fuel supply chain to
optimize costs and deliver value," says John Huettel, Chief Revenue Officer for Titan
Cloud. "TRUEFILL's expanded capabilities allows us to extend
visibility beyond the retail store and offer a comprehensive view
from the fuel terminal to the consumer."
About Titan Cloud
Titan Cloud provides an
industry-leading Fuel Asset Optimization software platform to help
customers effectively decrease fuel supply and logistics costs,
reduce environmental compliance risk, lower maintenance costs, and
increase revenue. Entrusted by a customer base that includes the
biggest names in the retail petroleum industry and commercial fleet
market, Titan's software platform currently monitors 50% of all
U.S. consumer gasoline throughput and covers more than 85,000
facilities. Working with this extensive network enables Titan to
provide its customers with compelling data and analytics that they
can use to manage risk and fuel profit. Launched in 2012, the
company is headquartered near Nashville,
Tennessee. Learn more at www.titancloud.com.
About TRUEFILL
TRUEFILL is an enterprise software
platform and marketplace for the fuel industry. Based in
Charleston, South Carolina,
TRUEFILL works with end buyers, suppliers, wholesalers and carriers
to simplify and automate the fuel process. TRUEFILL eliminates
the busy work from fuel management by automating everything from
dispatching orders to tracking deliveries, invoicing,
contract/allocation management, and reconciliation. Our
user-friendly mobile app puts you in control, and we securely
interface with industry leaders such as Avalara, OPIS, Oracle, JD
Edwards, QuickBooks, and SAP, providing you with a robust,
all-in-one solution for streamlining your operations. Learn more
at www.truefill.com.
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SOURCE Titan Cloud Software