Wholesale petroleum distributor replaces legacy fixed asset management system with Real Asset Management ’s (RAM) Asset4000
Tri-Con, Inc. realizes benefits of RAM's integrated suite of fixed asset management solutions
Founded in 1969, Tri-Con, Inc. is a wholesale distributor of petroleum products for the automotive and marine industries. The company also owns and operates 14 Exxon Mobil and Chevron Texaco Express Mart convenience stores in Southeast Texas. Tri-Con's corporate office is based in Beaumont; they currently employ 100 staff members.
As many organizations eventually do, Tri-Con recently decided to replace its legacy fixed asset management solution. Purchased 20 years ago, the system was – among other things – slow and very limited; unable to accurately produce even simple depreciation calculations. In his search for a replacement system, Robert Mather, Corporate Controller, reviewed nine different solutions.
Robert required a system complete with comprehensive reporting capabilities and the ability to run depreciation calculations using numerous methods. He had a project management requirement to address as well. "RAM's Asset4000 and Project4000 modules were able to accommodate both sets of issues," Robert said. "To start, I'll use fixed asset management software (Asset4000) to manage and depreciate around 700 fixed assets. Project management software (Project4000) will track costs and progress associated with the construction of all new Express Marts going forward. I have never had a proper project management tool in place, so I am looking forward to the benefits of Project4000," Robert explained. He will also take advantage of the numerous standard and customized reports available within Asset4000.
The ultimate decision came down to cost and integration with the project management module. "The RAM Account Manager was extremely helpful and thorough; he was a pleasure to do business with," said Robert. He concluded, "RAM has been a strong player in the market for sometime now; I am confident these solutions will provide me with the accuracy and organization I need."
Implementation is scheduled for mid August. Users will complete a comprehensive training session while the RAM consultant is on site. Robert has also expressed interest in RAM's Help4000 module, a centralized system used to record all problems and issues associated with fixed assets and inventory items. He hopes to place further attention on the helpdesk management solution once the initial implementation is complete.