Petrosoft Integrates and Offers SAP Business One® as Part of Its Petrosoft Enterprise powered by SAP Business One Solution, Delivering a True ERP and BI Solution to Customers

Petrosoft signs OEM agreement with SAP to leverage SAP Business One, offering a true ERP and BI solution to the retail and petroleum industry

 

[Pittsburgh, PA] – [May 9, 2017] Petrosoft today announced that it has signed an original equipment manufacturer (OEM) agreement with SAP (NYSE: SAP). Through this agreement, Petrosoft will integrate the SAP Business One® application with its cloud suite to offer the Petrosoft Enterprise, powered by SAP Business One solution. The integrated solution is expected to provide a true enterprise resource planning (ERP) and business intelligence (BI) solution to customers in the underserved small and midsize enterprise (SME) segment of the North American convenience store and petroleum industry.

“Teaming with SAP offers exciting opportunities to expand our enterprise offerings to the retail and petroleum marketplace, and to support these companies with an innovative solution,” said Sergei Gorloff, president and CEO of Petrosoft. “Petrosoft’s industry experience and SAP’s excellence in ERP solutions are a powerful combination that we expect to be highly beneficial to customers both domestically and globally.” 

 

With this alliance, Petrosoft’s end-to-end business solution tightly integrates with the SAP HANA® platform and the advanced finance and business management functionality of SAP Business One. The partnership aims to help retailers and fuel marketers to achieve true automation of business processes and seamless data integration across diversified business environments.

The tight integration of Petrosoft cloud suite with front-end devices and an advanced Internet of Things (IoT) network built by Petrosoft, together with in-memory data platform SAP HANA, offers customers the capacity to analyze and understand live transactional data. This will help them to unlock their ability to rapidly respond to new challenges and fast-changing business conditions. This combination helps operators accelerate business processes, deliver more business intelligence, and streamline operations to run live and make better-informed business decisions in the new digital economy.

With Petrosoft’s industry experience and localization addressing both sides of this technology equation, the company’s reach will extend beyond its current client base in the U.S., Canada and the Caribbean to opportunities in Europe, APAC, Mexico and South America.

“SAP’s partnership with Petrosoft aims to produce innovation and value for customers by integrating SAP Business One powered by SAP HANA with the Petrosoft Cloud,” said Luis Murguia, senior vice president and general manager, SAP Business One. “We have a longstanding policy of developing new routes to market to serve both the SME market and the subsidiary and franchise networks of large enterprises. Our partnership with Petrosoft advances that effort, and we consider Petrosoft Enterprise powered by SAP Business One to be an important, powerful new entry in the market.”

SAP Business One helps small and midsize enterprises (SMEs) and subsidiaries of larger businesses to instantly analyze growing volumes of data and gain the benefits of fast application performance while maintaining a streamlined IT landscape. It is available on premise or in the cloud hosted by SAP partners like Petrosoft.


About Petrosoft

Petrosoft’s true-cloud platform provides innovative business solutions to the retail and petroleum industries. Beginning in 2002, Petrosoft transformed the convenience store industry when its founder, a retail operator and engineer, introduced C-Store Office, its cloud-based back-office software solution. Today, the company designs, develops, and markets end-to-end retail technology, enabling a seamless connection between vendors, forecourt, point-of-sale, made-to-order, back-office, fuel management, network and financial systems. The company continually strives to find innovative ways to enable retail operators to better manage their forecourt, in-store and back-office operations. The company supports its product line from its headquarters in Pittsburgh, PA. Find out more at www.petrosoftinc.com

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SAP, SAP Business One, SAP HANA and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE (or an SAP affiliate company) in Germany and other countries. See http://www.sap.com/corporate-en/legal/copyright/index.epx for additional trademark information and notices.

All other product and service names mentioned are the trademarks of their respective companies.


SAP Forward-looking Statement

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC”), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

For more information, press only:

Jim Gowen

j.gowen@petrosoftinc.com

412-306-0640 ext. 2023

Buydown Promotion Management

Buydown Promotion Management: Are you getting the money you’re owed?

If you’re not tracking buydowns in your convenience store, you could be missing out on thousands of dollars every month.

Not familiar with buydowns?  With our C-Store Office software, managers can reduce time spent on paperwork by up to 75% and decrease the amount of time spent in the office.

Click here to read the full article

Prevention, Early Detection, Resolution, and Correction with Loss Prevention Analytics

 

As the central hub of retail sales, POS systems are fertile grounds for errors and a prime target for theft. As the volume of sales increases so do the risks. Prevention, early detection, resolution, and correction are, therefore, vital to reducing these risks but this requires new dimensions of knowledge.Petrosoft’s Loss Prevention Analytics solution provides the knowledge needed and verifiable proof. The solution enhances both POS and loss prevention technology.


Click here to learn more about Loss Prevention Analytics

 

Top 5 Articles on Foodservice and the C-Store Industry to Kick-Off 2017

 

Looking for hot topics on foodservice?  In this article, we have compiled a list of our favorite Foodservice articles that we believe are worth the read.

  1. 3 Big Trends in Convenience Store Foodservice – CSP Magazine

Foodservice has become a key area of opportunity for convenience stores across the country. As more retailers focus on providing a wider variety of fresh, high-quality food offerings, competition is heating up within the market as stores strive to gain a greater share of stomach and compete with restaurants with what Technomic calls “retailer meal solutions,” or RMS.


 

  1. Closing the Gourmet Coffee Gap – Cstore News

It is the age of gourmet coffee and its connoisseur creatures, otherwise known as millennials. But are today’s convenience stores up to the higher java challenge?


 

  1. 4 C-Stores That Are Acting Like Restaurants – CSP Net

Check out the 4 c-store retailers that are thinking like restaurants and taking foodservice programs to the next level.


 

  1. Modern Day ‘Bubba’ – CSP Net

The stereotypical convenience-store consumer, affectionately known as Bubba, is changing. This changing demographic spells opportunity for retailers, but understanding what motivates the modern Bubba is critical in tailoring offerings to meet those needs and desires.


 

  1. Who Are Today’s Natural and Organic Shoppers?

The natural and organics category has seen significant growth, but the profiles and motives of today’s natural/organics shoppers are drastically different than they were less than a decade ago.

South Central C-Store 2016 Facts and Stats

Southcentral NACS Region

Discover the top convenience store trends for NACS’ South Central region.

The South Central region spans across 5 states including Arkansas, Louisiana, New Mexico, Oklahoma, New Mexico, and Texas. NACS reports a store count of 24,498 stores ranging from single stores to 501+ store chains with approximately 14% non-fuel stores.

 

In 2016, CSP magazine reported top South Central c-store chains include:

  •7-Eleven
•CST Brands/Corner Store
•Murphy USA, Murphy Express
•QuikTrip
•Love’s Travel Stops & Country Stores
•Allsup’s Convenience Stores
•Alon Brands
•Global Partners: Xtra Mart and Alltown
  •CEFCO Convenience Stores
•Timewise Food Stores
•7-Eleven Stores of Oklahoma
•Star Stop
•Flash Market
•Toot’n Totum Food Stores
•Shop Rite Inc./Tobacco Plus

The South Central region is one of six regions that the National Association of Convenience Stores (NACS) has defined to help retailers track and benchmark their operation against the industry. NACS has been compiling and presenting convenience store performance since 1969. Their analysis is presented through their NACS state of the Industry Annual Report and presentations.By tracking each region, retailers gain a better understanding of the c-store industry for the region. Based on the statistics, the region underperforms in almost every category and metric.

Interested in NACS convenience store foodservice sales and margins benchmarks?

Foodservice sales for the South Central were approximately 40% lower than the national average monthly sales of $32,890. The region’s foodservice gross profit margins averaged 43% versus the national average of approximately 53%.

Interested in NACS convenience store merchandise sales and margins benchmarks?

Merchandise sales for the South Central region were approximately 28% lower than the national average monthly sales of $124,001. The region’s merchandise gross profit margins averaged 30% versus the national average of 27%.

Interested in NACS convenience store fuel sales and margins benchmarks?

Fuel sales for the South Central region were approximately 37% lower than the national average monthly sales of $353,347. The region’s fuel gross profit margins averaged 8% compared to the national average of 9%.

Want to find out more about how to achieve better margins? Contact the South Central Team Lead.

 

Northeast C-Store 2016 Facts and Stats

Northeast NACS Region

Discover the top convenience store trends for NACS’ Northeast region.

The Northeast region spans across 14 states including Connecticut, Delaware, DC, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont, Virginia, and West Virginia. NACS reports a store count of 32,761 stores ranging from single stores to 501+ store chains with approximately 32% non-fuel stores.

 

In 2016, CSP magazine reported top Northeast c-store chains include:

  •Aplus, MACS/Tigermarket, Stripes, Aloha (Sunoco Inc.)
•GPM Investments: Fas Mart, Shore Stop, Scotchman, etc.
•Wawa
•Cumberland Farms
•Sheetz
•Stewart’s Shops
•Kwik Fill/Red Apple
•E-Z Mart Stores
•GetGo
•Royal Farms
•Mirabito, Quickway Food Stores, Convenience Express,    Manley’s Mighty-Mart
  •QuickChek
•GoMart Food Stores
•Petroleum Mktg. Group (E&C Enterprises Inc.)
•Little General Stores
•Lil’ Mart
•C.N. Brown/Big Apple Food Stores
•Express Mart
•Country Fair
•Dash In
•Dandy Mini Marts
The Northeast region is one of six regions that the National Association of Convenience Stores (NACS) has defined to help retailers track and benchmark their operation against the industry. NACS has been compiling and presenting convenience store performance since 1969. Their analysis is presented through their NACS state of the Industry Annual Report and presentations.By tracking each region, retailers gain a better understanding of the c-store industry for the region. Based on the statistics, the region, although underperforming in sales, is approximately on par with fuel and merchandise margins. The foodservice category is underperforming both in terms of sales and margins.

Interested in NACS convenience store foodservice sales and margins benchmarks?

Foodservice sales for the Northeast were approximately 190% higher than the national average monthly sales of $32,890. The region’s foodservice gross profit margins averaged 56% versus the national average of approximately 53%.

Interested in NACS convenience store merchandise sales and margins benchmarks?

Merchandise sales for the Northeast region were approximately 36% higher than the national average monthly sales of $124,001. The region’s merchandise gross profit margins averaged 26% versus the national average of 27%.

Interested in NACS convenience store fuel sales and margins benchmarks?

Fuel sales for the Northeast region were approximately 46% higher than the national average monthly sales of $353,347. The region’s fuel gross profit margins averaged 9% which is on par with the national average of 9%.

Want to find out more about how to achieve better margins? Contact the Northeast Team Lead.

 

Southeast C-Store 2016 Facts and Stats

Southeast NACS Region

Discover the top convenience store trends for NACS’ Southeast region.

The Southeast region spans across 7 states including Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, and Tennessee. NACS reports a store count of 37,645 stores ranging from single stores to 501+ store chains with approximately 14% non-fuel stores.

 

In 2016, CSP magazine reported top Southeast c-store chains include:

  •Pilot Travel Centers, Flying J
•RaceTrac, RaceWay
•Delek U.S./Mapco
•Sunshine Gasoline Distributors
•Flash Foods
•Quality Mart/Quality Plus/GOGAS
•Roadrunner Markets
•Family Fare
•Daily’s
  •Sprint Mart
•Spinx
•Sampson-Bladen Oil/Han-Dee Hugo’s
•Tri Star Energy: Twice Daily/Daily’s
•GATE Stores
•Southwest Georgia Oil
•Weigel’s Farm Stores
•Enmark Station/Enmarket
The Southeast region is one of six regions that the National Association of Convenience Stores (NACS) has defined to help retailers track and benchmark their operation against the industry. NACS has been compiling and presenting convenience store performance since 1969. Their analysis is presented through their NACS state of the Industry Annual Report and presentations.By tracking each region, retailers gain a better understanding of the c-store industry for the region. Based on the statistics, the region, although underperforming in sales, is approximately on par with fuel and merchandise margins. The foodservice category is underperforming both in terms of sales and margins.

Interested in NACS convenience store foodservice sales and margins benchmarks?

Foodservice sales for the Southeast were approximately 43% lower than the national average monthly sales of $32,890. The region’s foodservice gross profit margins averaged 42% versus the national average of approximately 53%.

Interested in NACS convenience store merchandise sales and margins benchmarks?

Merchandise sales for the Southeast region were approximately 10% lower than the national average monthly sales of $124,001. The region’s merchandise gross profit margins averaged 23% versus the national average of 27%.

Interested in NACS convenience store fuel sales and margins benchmarks?

Fuel sales for the Southeast region were approximately 3% lower than the national average monthly sales of $353,347. The region’s fuel gross profit margins averaged 8% which is lower than the national average of 9%.

Want to find out more about how to achieve better margins? Contact the West Team Lead.

 

Central C-Store 2016 Facts and Stats

NACS Region 5 Central

Discover the top convenience store trends for NACS’ Central region.

The Central region spans across 10 states including Montana, Wyoming, Colorado, North Dakota, South Dakota, Nebraska, Kansas, Minnesota, Iowa, and Missouri. NACS reports a store count of 13,363 stores ranging from single stores to 501+ store chains with approximately 8% non-fuel stores.

 

In 2016, CSP magazine reported top Central c-store chains include:

  •Casey’s General Stores
•Kum & Go
•Holiday Stationstores
•SuperAmerica
•Hy-Vee Gas
  •Town Pump Food Stores
•Gasamat/Smoker Friendly
•Bucky’s Convenience Stores
•MFA Oil/Break Time
The Central region is one of six regions that the National Association of Convenience Stores (NACS) has defined to help retailers track and benchmark their operation against the industry. NACS has been compiling and presenting convenience store performance since 1969. Their analysis is presented through their NACS state of the Industry Annual Report and presentations.By tracking each region, retailers gain a better understanding of the c-store industry for the region. Based on the statistics, the region is approximately on par with fuel and merchandise margins while underperforming in sales while the foodservice category is underperforming both in terms of sales and margins.

Interested in NACS convenience store foodservice sales and margins benchmarks?

Foodservice sales for the Central region were approximately 12% lower than the national average monthly sales of $32,890. The region’s foodservice gross profit margins averaged 49% versus the national average of approximately 53%.

Interested in NACS convenience store merchandise sales and margins benchmarks?

Merchandise sales for the Central region were approximately 8% lower than the national average monthly sales of $124,001. The region’s merchandise gross profit margins averaged 28% versus the national average of 27%.

Interested in NACS convenience store fuel sales and margins benchmarks?

Fuel sales for the Central region were approximately 19% lower than the national average monthly sales of $353,347. The region’s fuel gross profit margins averaged 9% which is on par with the national average of 9%.

Want to find out more about how to achieve better margins? Contact the Central Team Lead.

 

West C-Store 2016 Facts and Stats

Midwest region

Discover the top convenience store trends for NACS’ West region.

The West region spans across 9 states including Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington. NACS reports a store count of 22,433 stores ranging from single stores to 501+ store chains with approximately 26% non-fuel stores.

 

In 2016, CSP magazine reported top West c-store chains include:

  •ampm
•Chevron Corp. (ExtraMile, Caltex)
•United Pacific: We Got It!, United Mart, My Goods
•Maverik
•Western Refining/Giant, Mustang, Sundial, Howdy’s
•Jacksons Food Stores
•Anabi Oil/Shell
•Terrible Herbst
  •G&M Food Mart
•American Retail Services
•Loop Neighborhood
•Plaid Pantry
•ABC Stores
•Cenex Zip Trip
•Stinker Stores

The West region is one of six regions that the National Association of Convenience Stores (NACS) has defined to help retailers track and benchmark their operation against the industry. NACS has been compiling and presenting convenience store performance since 1969. Their analysis is presented through their NACS state of the Industry Annual Report and presentations.

By NACS tracking each region, retailers gain a better understanding of the c-store industry for the region. Based on the statistics, the region is overperforming when it comes to both fuel sales and margin. The West region’s fuel sales totaled $419,969 per store per month which is approximately 19% higher than the national average, but gallons were approximately 4% lower than the national average which points to fuel prices (24% higher than the national average) as the driver for the higher revenues. The region underperformed when it came to inside sales revenue for both merchandise and foodservice. Regarding inside sales margins, the region underperformed when it came to foodservice and was essentially on par for merchandise profits margins.

Interested in NACS convenience store foodservice sales and margins benchmarks?

Foodservice sales for the West were approximately 75% lower than the national average monthly sales of $32,890. The region’s foodservice gross profit margins averaged 40% versus the national average of approximately 53%.

Interested in NACS convenience store merchandise sales and margins benchmarks?

Merchandise sales for the West were approximately 28% lower than the national average monthly sales of $124,001. The region’s merchandise gross profit margins averaged 28% versus the national average of 27%.

Interested in NACS convenience store fuel sales and margins benchmarks?

Fuel sales for the West were approximately 19% higher than the national average monthly sales of $353,347. The region’s fuel gross profit margins averaged 13% versus the national average of 9%.

Want to find out more about how to achieve better margins? Contact the West Team Lead.

 

Loss Prevention Statistics and Resources

 

NRF 2016 NATIONAL RETAIL SECURITY SURVEY

The National Retail Federation (NRF) and Dr. Richard Hollinger of the University of Florida jointly conducted a survey to develop and analyze retail loss prevention benchmarks. The research is in its 25th year. The survey examines:

•  Inventory shrinkage
•  Staffing and budgeting for the loss prevention departments
•  Employee integrity screening
•  Loss prevention training and awareness programs
•  The impact of dishonest employees
•  The costs of external retail crime

 

View Selected Statistics.

 

 


 

Checkpoint Systems and The Smart Cube jointly produced The Global Retail Theft Barometer 2014-2015 report. The research is in its 14th year.

The report examines shrink by:

•  Global Average
•  Region (ex LATAM)
•  Country
•  Retail Industry Segment
•  Source
•  Category
•  Solution

 

View Selected Statistics.

 

To read the indepth report, visit http://www.globalretailtheftbarometer.com/. To find out more on how to decrease shrink, contact Petrosoft and ask about the Loss Prevention Analytics solution.