Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  News  >  Companies  >  All News

News : Companies
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors

SAP Awards Petrosoft as Top Innovation Partner

share with twitter share with LinkedIn share with facebook
04/24/2018 | 07:54am EDT

PITTSBURGH, April 24, 2018 (GLOBE NEWSWIRE) -- Petrosoft, a global leader in retail and downstream petroleum technology, announces it has won the Top Innovation Partner Award at the 2018 SAP SMB Innovation Summit. The SAP Innovation Award celebrates the achievements of top SAP partners across the globe that are using SAP platform technologies to transform their business, drive innovation for customers and win in the digital economy.

SAP Awards Petrosoft as Top Innovation Partner
On April 19, 2018 SAP awarded Petrosoft as Top Innovation Partner. View the video at: https://youtu.be/9Q2mTxVJVmY

Paul Killingsworth, Sergei Gorloff, Marina Gorloff, and Steve Tait
SAP and Petrosoft celebrate Petrosoft's recognition as Top Innovation Partner. Pictured are Paul Killingsworth, Sergei Gorloff, Marina Gorloff, and Steve Tait.

Petrosoft Enterprise powered by SAP Business One
Innovation comes from the partnership between SAP and Petrosoft.

This award-winning innovation leverages Petrosoft’s IoT Site Integration Network, SAP HANA, and Petrosoft Enterprise powered by SAP Business One to automate processes related to equipment monitoring and field service management. It addresses the way retailers manage repairs and maintenance of the assets and systems that affect their daily operations.

By integrating the real-time, non-invasive KPI measurements of site and equipment conditions with Petrosoft’s cloud-based predictive analytics, Petrosoft Enterprise powered by SAP Business One predicts equipment failure. It also dispatches the necessary service resources within an optimized time frame with automated service requests. This innovative solution enables a retailer's processes to evolve from reactive methods to a proactive “on-demand” model for field service management. This model allows operators to maximize utilization of their maintenance and service resources while also:

  • Maximizing equipment uptime
  • Minimizing the cost-of-service
  • Improving brand management

The entire enterprise also benefits from this innovation since it integrates with SAP’s leading global ERP platform, SAP Business One. It creates one book of records that is used across an enterprise. For example, the records created by field service visits can be used by finance to record the use of parts during the maintenance visits into the general ledger.

"Petrosoft is honored to win SAP’s Top Innovation Partner award. It helps to highlight how technology can improve a retailer’s operations by leveraging Petrosoft’s market-leading application suite and SAP’s market-leading ERP platform, along with our retail and downstream petroleum industry experience. It has brought about innovation that improves how retailers manage their assets and systems," said Sergei Gorloff, Founder and CEO of Petrosoft. 

"SAP and Petrosoft have worked closely together over the last year to produce innovation and value for customers by integrating SAP Business One powered by SAP HANA with Petrosoft Cloud," said Luis Murguia, senior vice president and general manager, SAP SMB Business Unit. "The results, and this award, speak for themselves. We highly value our strong global partnership with Petrosoft, and we consider Petrosoft Enterprise Powered by SAP Business One to be a best-in-class, highly innovative, and powerful new entry in the global SMB market."
The award was presented during the SAP SMB Innovation Summit 2018 which took place in Orlando, Florida on April 18 to 20, 2018. Attendees of SAPPHIRE NOW can learn more about this innovation and Petrosoft Enterprise powered by SAP Business One by attending the presentation Improve Facilities Management at Convenience Stores with IoT Site Analytics, which will take place on Wednesday, June 6th from 14:00-14:30.  

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 
412-430-0562 X2107

A video accompanying this announcement is available at:

Photos accompanying this announcement are available at:

© GlobeNewswire 2018
share with twitter share with LinkedIn share with facebook
Latest news "Companies"
05:59pURBAN GRO : Announces Financial Results for 2020 Second Quarter
05:58pKEY ENERGY SERVICES : Reports Second Quarter 2020 Earnings
05:58pFEDERAL AGRICULTURAL MORTGAGE : Farmer Mac Prices $120 Million of Series E Preferred Stock
05:58pB3 S A BRASIL BOLSA BALCÃO : Rca - 13/08/2020
05:58pB3 S A BRASIL BOLSA BALCÃO : Bm 08/13/2020
05:53pKader Exports Recalling Bags of Shrimp
05:52pEATON : Launches New Line of Wireless Mobile Control Solutions for Heavy Machinery and Field Operations
05:51pHOLLYSYS AUTOMATION : Fiscal 4Q Earnings Snapshot
05:48pJBS S A : Itr 30/06/2020
Latest news "Companies"