Pin Oak Terminals Chooses Emerson's Logistics Software for Accurate Inventory and Accounting for Faster Order-to-Cash
Emerson’s Synthesis™ terminal logistics management software will deliver automated ticketing, tank inventory reconciliation, and greater invoicing accuracy of hydrocarbon liquids.
HOUSTON, TEXAS (March 12, 2018) – Pin Oak Terminals, a new hydrocarbon liquids storage and logistics terminal in Mount Airy, Louisiana (USA), has selected Emerson to provide its Synthesis order-to-cash software. The scalable, enterprise-level logistics midstream management solution will integrate with the terminal’s back office, commercial and operational data to enhance customer service which will help the facility achieve its goals of quickly and accurately closing each accounting period, enhancing asset availability and reducing operational costs.
“As a new terminal, we were looking for a scalable commercial management system to improve our day-to-day order processing and give us and our customers visibility to inventory levels and other critical data in real time,” Mike Reed, CEO of Pin Oak Terminals, LLC. “With Synthesis software, we will be able to automate movement orders and improve data-intensive processes across the board, allowing us to better serve our customers and invoice quicker with greater accuracy as well as streamline our month-end close process.”
“Many terminals struggle due to delayed invoicing and inefficient asset management practices that require significant reconciliation time,” said Tengbeng Koid, president of the Energy Solutions business of Emerson. “With Synthesis software, all aspects of logistics management are seamlessly integrated, providing a level of transparency that enables our customers to improve their month-end close time with a 60 percent overall time savings.”
With Synthesis software, the enterprise is connected to the field to ensure a direct link between transactions and charges. Terminal orders are electronically generated and distributed. There is also a significant reduction in administrative time spent on data collection, leading to enhanced customer satisfaction. In addition, a self-service portal provides customers with 24/7, web-enabled access to inventory information as well as pending charges, invoices and reports.
Emerson will provide a configured software solution that includes interfaces for operational information, order management, inventory management, and invoicing for general ledger export. The application also provides a standard reporting package.
About Pin Oak Terminals
Pin Oak Terminal, LLC is a new multi-faceted liquids and chemicals terminal that is currently under construction. The terminal is located at mile marker 144.1 in Mt. Airy, Louisiana (neighboring Garyville, Louisiana) on the Mississippi River and is fully permitted to construct up to 10 million barrels of storage of crude oil, refined products, chemicals, etc. The 431-acre site offers transportation options with direct access to rail, unit train, pipeline, and deep river access (48-foot draft) capable of providing optionality as well as increased shipping and dock capacity to customers. It is within 25 miles of four refineries with a total refining capacity of more than 1.3 million barrels of crude/day. Pin Oak proposes to provide a wide range of services to its customers, including offloading, storage, heating, blending and transfer of crude oil, refined products, VGO/Fuel Oil, NAPTHA, base oils, chemicals, Ethanol and Vegoil. For more information, visit www.PinOakTerminals.com.
About Emerson
Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA), is a global technology and engineering company providing innovative solutions for customers in industrial, commercial, and residential markets. Our Emerson Automation Solutions business helps process, hybrid, and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs. Our Emerson Commercial and Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency, and create sustainable infrastructure. For more information, visit www.Emerson.com.
