AGS Transact Technologies ties-up with Implico Group

Aiming to conquer the Indian downstream market for offering supply chain optimization solutions for oil companies, AGS Transact Technologies, one of the leading system integrators and automation solution providers in the country, announced that it has entered into a partnership with Germany-based ImplicoGroup, a consulting and software company, which specialises in offering downstream business process optimization for oil companies.

Technology has played an important role in the petroleum industry since 2004. Oil marketing companies have realised the importance of automation to provide better service to customers. Automation drive of OMC's has ensured delivering quality and quantity assurance to customers. Today, AGS is in the forefront of petroleum automation with successful roll-outs at petrol pumps in various regions of the country.

Currently, oil companies in India are going through a tough task of maintaining positive margins in a very volatile market of crude prices and increasing distribution cost. Oil companies also need to be prepared for dynamic pricing scenarios for the coming future. Hence, the immediate need is to have a complete real time visibility of sales and inventory for accurate demand forecasts. Integration of different systems and disparate data to provide single consistent view and information to the oil company management thus forming a strong foundation for effective decision making.