FOR IMMEDIATE RELEASE —
Houston, TX and Miami, FL – August, 10, 2023 – FuelHub and Calculum are excited to announce a strategic partnership focused on leveraging advanced analytics and artificial intelligence AI based systems to equip users with customized decision support when deploying FuelHub’s Pay-Term Optimization on their energy supply chain.
Calculum empowers procurement and supply chain operations by unlocking working capital while reducing the risk of supply chain disruptions. Using data and AI to analyze and optimize supplier payment terms, Calculum enhances efficiency in the negotiation of payment terms between suppliers, and improves working capital and margins, whilst minimizing risks and costs for businesses.
This strategic alliance seamlessly integrates data and operations analysis to improve supply chain decision-making for FuelHub’s customers. The value-add will be more informed customers with visibility into the financial implications for their business, as well as, their suppliers.
FuelHub provides managed fuel services for bulk buyers, including a solution called Pay-Term Optimization with payments made by U.S. Bank. Pay-Term Optimization
pays fuel suppliers as fast as Net 1 while providing extended terms of up to 75 days for bulk buyers. Driven by a shared strategy of maximizing client savings, FuelHub’s alliance with Calculum is the perfect partnership in an economic climate where liquidity and credit are of paramount importance.
“We are delighted to have a dynamic partner like FuelHub where we mutually compliment each other to achieve the common goal of cost and operational efficiency for the fuel industry. This alliance is of added significance as it truly highlights Calculum’s diverse application across a wide range of industries and sectors.’’ says Oliver Belin, founder and CEO of Calculum.
FuelHub’s CEO, Don Thibodeaux stated,
“Our partnership with Calculum dramatically enhances our customers’ ability to model decisions in their energy supply chain. The robust data set, reporting, and transparency are orders of magnitude better for decision support than mere spreadsheet analysis.”
ABOUT FUELHUB
FuelHub is a managed service provider that delivers outsourced solutions inb
supply-chain optimization, logistics, invoice reconciliation, and environmental compliance. Customers we work with are able to reduce their total cost of ownership TCO on fuel spend by up to 20%, while simultaneously gaining transparency into their fuel operations. For more information about FuelHub and its comprehensive managed services, please visit Fuelhubservices.com.
By leveraging advanced logistics solutions, FuelHub optimizes operations, manages fuel sourcing and delivery, and ensures cost-effectiveness for its customers. For more information, visit www.fuelhubservices.com.
ABOUT CALCULUM
Calculum is a Fintech Data-as-a-Service DaaS company, leveraging advanced analytics and Artificial Intelligence AI to help companies improve working capital efficiency and increase cash flow.
Headquartered in Miami, Calculum’s ADA Platform is the first AI-powered platform providing procurement, finance and treasury insights on optimizing supplier payment terms based on market and competitor data.
The web-based data intelligence platform allows companies to analyze suppliers in terms of payment terms, financials, credit rating, diversity and ESG Economic Social Governance).
Calculum provides solutions to companies of all sizes, including banks, private equity institutions, and their global corporate clients. For more information, please visit www.calculum.ai.
