Petrosoft Debuts a True ERP and BI Solution, Petrosoft Enterprise, Powered by SAP Business One®

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[PITTSBURGH] – [Oct. 17, 2017] (GLOBE NEWSWIRE) Petrosoft today announced the debut of Petrosoft Enterprise, powered by SAP Business One® running on SAP HANA® at the National Association of Convenience Stores (NACS) October 18–20 in Chicago. Petrosoft Enterprise, which integrates the SAP Business One application with the Petrosoft cloud suite, aims 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. Now in market, this powerful solution draws on technical and industry expertise from both companies, and is designed to streamline customers’ entire business with a single system.

[PITTSBURGH] – [Oct. 17, 2017] (GLOBE NEWSWIRE) Petrosoft today announced the debut of Petrosoft Enterprise, powered by SAP Business One® running on SAP HANA® at the National Association of Convenience Stores (NACS) October 18–20 in Chicago. Petrosoft Enterprise, which integrates the SAP Business One application with the Petrosoft cloud suite, aims 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. Now in market, this powerful solution draws on technical and industry expertise from both companies, and is designed to streamline customers’ entire business with a single system.

More specifically, the solution helps customers:

  • Capture business information in a single, scalable system
  • Get answers to their most pressing questions with integrated business intelligence
  • Give employees on-the-go access to the software via an intuitive mobile app
  • Deploy on premise or in the cloud ASAP
  • With Petrosoft Enterprise powered by SAP Business One, business processes run together as one – enabling moment-to-moment information that helps customers respond to market dynamics in real time, and act fast and smart when opportunities arise. The solution supports transparent operations and insight into every aspect of the business.

Sergei Gorloff, president and CEO of Petrosoft, said, “Together with SAP Business One, Petrosoft Enterprise connects people and processes – from finance and expense reporting to procurement and inventory – into an integrated engine that can scale efficiently, control costs and help companies make the quick decisions required to run the business competitively. We are excited to showcase Petrosoft Enterprise and our OEM partnership with SAP in Chicago. We trust our customers will see first-hand the core value of this all-in-one solution, and how all their business processes are streamlined start to finish.”

Added Luis Murguia, senior vice president and general manager, SAP Business One, “SAP’s partnership with Petrosoft is a powerful strategic combination, producing innovation and value for customers by integrating SAP Business One on SAP HANA with the Petrosoft Cloud. Our partnership with Petrosoft serves both the SME market and the subsidiaries and franchise networks of large global enterprises. Petrosoft Enterprise powered by SAP Business One is an important new entry in the market.”

A video accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/9a72522b-035e-42db-9650-79c9d102bb0e

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

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.

Media Contact:

Melanie Widmann

Petrosoft Inc.

2025 Greentree Road

Pittsburgh, PA 15220

m.widmann@petrosoftinc.com

412-430-0562 X2107

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