For fuel retailers handling high transaction volumes, missing Bill of Lading (BOL) records can disrupt downstream processing, particularly when each record requires manual verification and updates. A leading U.S. fuel retailer transmitted approximately 1,000 BOL records to its downstream system daily. During a five-day period, more than 350 records were reported missing each day.
Resolving these gaps involved retrieving prices from RightAngle, updating transaction details, and checking for previously transmitted records. Preparing just 100–150 records could take 3–4 hours. As missing records accumulated, the manual process placed increasing demands on support teams and introduced the risk of pricing errors and duplicate submissions. Value Creed identified an opportunity to automate these activities while retaining the necessary validation controls.
Reduced file preparation time from 3–4 hours to just 15–20 minutes per processing cycle.
Previously transmitted records identified and excluded during testing.
All 67 automated tests passed, validating the application’s processing logic.
With its RightAngle expertise and AI-assisted development, Value Creed was able to automate BOL processing and reduce manual intervention. The application retrieves pricing information, validates transactions, identifies duplicates, and creates consolidated files for downstream processing. Missing records are processed faster and in a more uniform manner.
Accurate Transaction Data Preparation
Automated retrieval and matching of BOL and pricing data decreases the manual effort in preparing records for downstream processing.
Better Data Consistency
Standardised business rules ensure transaction records are structured correctly and contain the correct supplier and pricing information.
Duplicate Record Identification
Each record is automatically checked against the PDI Archive before output. Previously submitted records are identified and excluded, helping reduce repetitive processing and duplicate submissions.
Reduced Manual Effort in Exception Processing
Automates BOL retrieval, price matching, and transaction validation, reducing the manual effort required to prepare recovery files for missing transactions.
Scalable Support Operations
Automation of repetitive preparation and validation activities can enable support teams to handle larger exception volumes without additional manual effort.
Automated BOL File Preparation
Developed an application to retrieve missing BOL records for selected dates and compare the respective transaction prices from RightAngle, reducing manual lookup and update effort.
Business Rule Automation
We put business rules in place around price matching, supplier updates, file formatting, and duplicate detection to ensure a consistent process for preparing transaction records.
Downstream Validation Controls
Added automated checks against the PDI Archive folder to determine if a record has already been submitted, so that we would not send duplicate records and only include records eligible to be included in the output that was generated. The app pulls all of this together in one workflow so that support teams can spend their time reviewing exceptions, not manually preparing each transaction.
Value Creed’s Run Smart service enables the company to enhance its daily business processes and technical readiness through our expert approach. Our model helps clients stay agile by minimizing disruptions, accelerating issue resolution, and adapting support to evolving business needs. maintaining system configurations as well as test the newly implemented CTRM application in accordance with the key requirements.
Leveraging deep expertise in RightAngle and energy trading operations, Value Creed blends industry knowledge with AI-assisted development and automation to help organisations improve data reliability, reduce manual intervention and maximise their ETRM investments.
Value Creed provides specific solutions that solve transaction processing problems and improve operational efficiency to accommodate changing business requirements. Learn about Value Creed’s RightAngle Managed Services to enhance your ETRM operations.
Explore our suite of solutions designed to empower your trading and risk management functions. Partner with us for a transformative CTRM experience that drives success in today’s ever-evolving markets.
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