ROCKVILLE, Md., Oct. 21, 2010 (GLOBE NEWSWIRE) -- Telvent (Nasdaq:TLVT), the leading real-time IT solutions and information provider for a sustainable world, announced today that BP has selected Telvent DTN TABS® to manage U.S. credit limits and monitor product allocations.
DTN TABS terminal automation system authorizes or denies fuel loads based on pre-defined controls, which reduces the risk of credit losses or inventory depletion. By monitoring real-time load data from its terminals, BP can view saleable product allocations to help manage inventory, anticipate product demand and prioritize volume.
Pulling allocation reports becomes a simple task for BP team members. DTN TABS can also send real-time email allocation alerts to customers who can use the information to request additional loads from BP, who can then go online and place an order through bpconnection. In addition to enhancing their customer service capabilities, BP can augment its quality control practices by offering increased transparency through real-time electronic bills of lading and allocation records.
"We are eager to help BP proactively manage operations to help capture new sales opportunities," said Telvent CEO, Ignacio Gonzalez. "By implementing TABS, BP will also be able to streamline efficiencies that will enhance its customer service capabilities."
Telvent DTN TABS is supported by all commercial terminal automation vendors and is widely utilized throughout the industry. Telvent DTN works closely with the American Petroleum Institute to develop and support industry terminal communication standards and protocols. Telvent DTN management is committed to insuring the development of new functionality to maximize enhanced communication protocols and offer maximum flexibility to its supplier and refiner partners.
About BP
Each day BP serves more than 13 million consumers worldwide. Drawing on the combined strengths of BP, Amoco, and ARCO, we have forged a dynamic family of brands under a single worldwide enterprise: BP. In the United States, BP is one of the largest suppliers and marketers of gasoline and a leading supplier of premium gasoline at over 150 available terminals and 12,000 retail sites nationwide that sell over 22 billion gallons of fuel annually.
About Telvent
Telvent (Nasdaq:TLVT) is a global IT solutions and business information services provider dedicated to helping improve efficiency, safety and security for the world's leading companies. Telvent serves markets that are critical to the sustainability of the planet, including the energy, transportation, agricultural and environmental sectors. ( www.telvent.com )
The Telvent GIT S.A. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6852
CONTACT: Telvent GIT S.A. Investor Relations Contact Barbara Zubiria +1 301 354 5432 ir@telvent.com Communication Department Contact Patricia Malo de Molina +34 954 93 71 11 comunicacion@telvent.com