OpenTAS QCM nominated for Flow Control Innovation Award

Excel add-in converts quantities for the oil and gas industry

Hamburg, (PresseBox) - The OpenTAS QCM Excel add-in for the conversion of oil and gas product quantities developed by the Implico Group has been nominated for the Flow Control Innovation Award. The readers of the trade magazine Flow Control have until 31 July 2016 to cast their vote for their favorite.

For almost two decades, Flow Control has honored the ongoing commitment of companies handling liquids by presenting its annual Flow Control Innovation Award. Sixteen solutions made the shortlist this year, among them the OpenTAS QCM quantity conversion tool developed by international software and consulting company Implico.

OpenTAS QCM is a highly cost-efficient solution offering reliable and precise quantity conversion for the oil and gas industry. The nomination specifically concerns the solution’s Excel add-in, which primarily addresses companies that carry out several conversions a day. The add-in is currently available as a free beta version.

When trading oil and gas products, quantities often have to be converted into volumes – and vice versa. What makes this difficult is the fact that products’ volumes and densities change at different temperatures and at different ratios. For the purpose of loading processes, billing, safety regulations and calculating taxes, the companies involved in the supply chain need to know the exact quantities and be able to convert them at all times. This is where OpenTAS QCM is a big time saver as users only have to enter the base data, and the software immediately returns the correct quantities for the requested reference temperature.

Website visitors have until 31 July 2016 to cast their vote for their favorite:

Here you can download the free Excel add-in:

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Implico GmbH

The Implico Group optimizes logistics and business processes for oil and gas downstream companies. The international consulting and software company with its headquarters in Hamburg, Germany, has subsidiaries in Malaysia, Romania and the USA. Founded in 1983, the company today employs around 200 staff.

Implico provides consulting services, data services and software solutions for the entire supply chain – from forecasting, order entry, dispatching and tour optimization to data collation and invoicing. Leading oil and gas companies all over the world trust in Implico’s industry expertise and high-performance IT solutions including OpenTAS®, SAP® SDM, SAP® RFNO and iGOS.

OpenTAS automates the storage and transportation of hydrocarbons for refineries, tank farms, and service station networks. SAP SDM (Secondary Distribution Management) steers and optimizes the complete order-to-cash process. SDM RFNO (Retail Fuel Network Operations) automates all payment and quantity flows of service station networks. iGOS (Implico Global Operation Services) offers innovative downstream solutions out of the Cloud.

Implico is a Microsoft Gold Partner, a Software Development Partner of SAP and a member of the Oracle PartnerNetwork. The company has been recognized for its products and services on numerous occasions, e.g. for Supply Chain Management Software and as Oil & Gas Logistics Company of the Year 2015.

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