Welcome!

News Feed Item

/ CORRECTION - FuelQuest

HOUSTON, TX -- (Marketwired) -- 01/24/14 -- In the news release, "FuelQuest Reaches Industry Milestone With Zytax Compliance," issued Thursday, January 23, 2014 by FuelQuest, we are advised by the company that in the paragraph beneath the bullet set, the second sentence should have read "Customers include CSX, Delta Airlines, Northern Tier, and hundreds more." In addition, the quote in the next paragraph should have read "back-office systems" instead of "back-off systems." Complete corrected text follows.

FuelQuest Reaches Industry Milestone With Zytax Compliance

Over 250 Customers Are Using Zytax Compliance 5 to File Motor Fuel Excise Taxes Across All Major US Jurisdictions

HOUSTON, TX -- Jan 23, 2014 -- FuelQuest Inc., the leading on-demand software and services company for the global downstream energy industry, announced today that over 250 customers are now in production using its 5th generation software to file motor fuels excise taxes accurately and reliably across all 50 major U.S. jurisdictions. With over 370 returns and more than 3,000 schedules available in the system, more customers are filing excise tax returns on Zytax Compliance 5 than all other commercial offerings combined. FuelQuest continues to lead the market with proven and innovative energy-related tax solutions that process millions of transactions each month.

"Compliance 5 has brought Zytax, as well as Delek's fuel tax reporting, into the modern era. We find that Compliance 5 has more flexibility than the previous version," says Scott Gattis, tax manager at Delek US Holdings. "The option of having the software hosted grants us access to our fuel tax information anywhere we have an Internet connection. Software and rate updates are handled directly by FuelQuest without our intervention."

FuelQuest Zytax Compliance 5 automates the importation of motor fuels excise tax data from back-office systems, evaluation of applicable taxes, creation of signature-ready returns and schedules, and filing of electronic returns where applicable. The software streamlines tax processing, reducing errors that can lead to fines, fees, and penalties. Zytax Compliance 5 offers companies:

  • Automated, end-to-end filing from data import, to electronic filing, to support for audits and amendments,
  • Relief from tracking frequently changing rules, rates, and forms across all U.S. jurisdictions,
  • Comprehensive, out-of-the-box coverage for excise tax returns and schedules,
  • Confidence from using the most widely-deployed excise tax solution in the U.S. -- from small single-jurisdiction filers to the largest oil companies, and
  • Reduced capital infrastructure investment and reliance on internal IT support.

FuelQuest provides fuel tax automation solutions for companies of all sizes across multiple industries including fuel retail, distribution, terminals, supply, and trading as well as rail, airlines, and trucking. Customers include CSX, Delta Airlines, Northern Tier, and hundreds more.

"Filing motor fuels excise taxes can prove challenging for companies relying on manual processes or back-office systems," says Matt Tormollen, president and CEO at FuelQuest. "The risk of improperly filed tax returns increases with each jurisdiction or fuel product added -- particularly with custom-built solutions. We are proud to have the leading excise tax compliance software in the market and to have reached this major milestone with our customers."

ABOUT FUELQUEST
FuelQuest provides on-demand fuel management, tax automation, and compliance solutions for suppliers, distributors, buyers, and traders of petroleum products and other energy commodities. FuelQuest's solutions deliver operational and financial value to over 650 customers. These customers include leading global oil companies, international retailers, shippers and government entities. FuelQuest's fuel management solutions help customers manage the complexity, regulation and market volatility for more than 22 billion gallons of gasoline and diesel fuel annually. Its Zytax solutions ensure compliance and accuracy for tens of billions of dollars of energy-related excise taxes per year. Learn more at www.fuelquest.com.

MEDIA INQUIRIES
Carolyn Adams
415.963.4174
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Niagara Networks exhibited at the 19th International Cloud Expo, which took place at the Santa Clara Convention Center in Santa Clara, CA, in November 2016. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels. With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
SYS-CON Events announced today that HTBase will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. HTBase (Gartner 2016 Cool Vendor) delivers a Composable IT infrastructure solution architected for agility and increased efficiency. It turns compute, storage, and fabric into fluid pools of resources that are easily composed and re-composed to meet each application’s needs. With HTBase, companies can quickly prov...
SYS-CON Events announced today that Outlyer, a monitoring service for DevOps and operations teams, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Outlyer is a monitoring service for DevOps and Operations teams running Cloud, SaaS, Microservices and IoT deployments. Designed for today's dynamic environments that need beyond cloud-scale monitoring, we make monitoring effortless so you ...
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex softw...
What if you could build a web application that could support true web-scale traffic without having to ever provision or manage a single server? Sounds magical, and it is! In his session at 20th Cloud Expo, Chris Munns, Senior Developer Advocate for Serverless Applications at Amazon Web Services, will show how to build a serverless website that scales automatically using services like AWS Lambda, Amazon API Gateway, and Amazon S3. We will review several frameworks that can help you build serverle...
In his General Session at 17th Cloud Expo, Bruce Swann, Senior Product Marketing Manager for Adobe Campaign, explored the key ingredients of cross-channel marketing in a digital world. Learn how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects).
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
With the introduction of IoT and Smart Living in every aspect of our lives, one question has become relevant: What are the security implications? To answer this, first we have to look and explore the security models of the technologies that IoT is founded upon. In his session at @ThingsExpo, Nevi Kaja, a Research Engineer at Ford Motor Company, will discuss some of the security challenges of the IoT infrastructure and relate how these aspects impact Smart Living. The material will be delivered i...
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
Historically, some banking activities such as trading have been relying heavily on analytics and cutting edge algorithmic tools. The coming of age of powerful data analytics solutions combined with the development of intelligent algorithms have created new opportunities for financial institutions. In his session at 20th Cloud Expo, Sebastien Meunier, Head of Digital for North America at Chappuis Halder & Co., will discuss how these tools can be leveraged to develop a lasting competitive advanta...
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, will provide a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services ...
VeriStor Systems has announced that CRN has named VeriStor to its 2017 Managed Service Provider (MSP) 500 list in the Elite 150 category. This annual list recognizes North American solution providers with cutting-edge approaches to delivering managed services. Their offerings help companies navigate the complex and ever-changing landscape of IT, improve operational efficiencies, and maximize their return on IT investments. In today’s fast-paced business environments, MSPs play an important role...
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...