With Retail Fuel Network Operations you can handle different types of payment for products sold at service stations such as cash payment, credit cards, and fleet cards. The solution helps you to create dealer and clearing house settlements. Key features
Full Answer
How can SAP S/4HANA settlement management be used for retail fuel downstream business?
This white paper highlights the use of SAP S/4HANA Settlement management functionality for Retail fuel downstream business process specifically for calculating and processing rebates in the form of commissions, royalties and other fixed payouts and charges to the service station operators in CODO scenario.
What is retail marketing of fuel?
Retail marketing of motor fuels primarily involves the sale of gasoline, diesel fuel (and now convenience store merchandise) through a network of branded and unbranded gasoline stations. Service stations, which first appeared in the US around 1910, remain the predominant outlet for marketing gasoline around the world.
What is retail fuel network operations?
SAP Retail Fuel Network Operations is being used by service station networks worldwide The RFNO functionality "Service Station Overview" provides extensive information for each site in a fuel retail network. It is an official "SAP Fiori Lighthouse Scenario in SAP S/4HANA Cloud and SAP S/4HANA".
How much is the Porsche fuel economy settlement?
The Porsche fuel economy settlement isn't final, but the current agreement has each affected customer receiving about $250 to $1,100 per vehicle. The Porsche settlement further explains vehicles equipped with Sport+ mode may be eligible for an extra $250 payment after customers follow the rules and have the vehicles worked on at dealerships.
What is CODO in fuel sales?
In oil and gas downstream retail fuel sales business process, specifically the CODO (Company Owned Dealer Operated ) scenario, wherein, the Dealer or the Service Station Operator, operates the fuel service stations owned by the company, it is important for the company to ensure the dealer is in business and making good revenue at the Company’s service stations.
What can a company charge to the operator?
Furthermore, companies can charge other fixed costs like rent, utilities charges, liability insurances and other fixed monthly charges to the operator.
Can you have both fixed amount settlement and volume based accrual?
Additionally we can have both Fixed amount settlement conditions and Volume based accrual + settlement conditions on the same condition contract document , if the business expects to have them grouped in to one condition contract document . Along with Pro-rata settlement in case of a foreclosure of the contract.
Can a service station sell merchandize?
Service station Operator can sell merchandize (non-fuel products) from convenience store that is attached to the service station. These Merchandise are typically purchased by the Company from preferred Vendors and sold to Operator for specific price. However, the operator could sell these products with a pricing strategy that would fetch the operator the expected profitability on the products. Companies could monitor these convenience stores sales that operator reports on daily basis, and then charge a Royalty to the Operator based on the shop margin that is reported from the daily shop sales.
Who owns the facilities and supplies the fuel?
Refiners and independent marketers that own the facilities (as landlords) and supply the fuel want to maximize return on their investment in the form of rents and wholesale fuel margins.
Where do retail customers purchase gasoline?
Retail customers purchase gasoline from the retail station dealer at the street price, which ideally reflects the DTW or rack price, plus station operating costs, state and federal taxes and a reasonable margin. But retail prices are set at the street level. So dealers can get squeezed between the high DTW or rack prices they pay and the low street prices they charge to remain competitive.
What is diversified risk in foodservice?
Diversified Risk – Foodservice can reduce reliance on such at-risk merchandise categories such as alcohol and tobacco and help cushion the volatility in gasoline margins.
What is retail marketing?
Retail Marketing Definition. Retail marketing of motor fuels primarily involves the sale of gasoline, diesel fuel (and now convenience store merchandise) through a network of branded and unbranded gasoline stations. Service stations, which first appeared in the US around 1910, remain the predominant outlet for marketing gasoline around the world.
What is co-branding in retail?
Co-branding is a fancy marketing term for co-locating two or more different types of merchandise at one retail site. The biggest move affecting US gasoline C-stores is the integration of a branded chain offering foodservices, such as McDonalds, Subway, Churches Fried Chicken or other regional fast food offerings.
How has the US gasoline market grown?
Over the past sixty years the growth in US demand for motor gasoline has resulted largely from increases in the number of automobiles on the road. Had there not been major improvements in automobile fuel efficiency, the growth in US gasoline demand would be far greater.
Why are oil imports taxed?
Since the mid-1980s, most governments around the world have taxed crude oil imports and gasoline sales to generate revenues and encourage conservation.
Returns
You are generally not required to file a fuel tax return or remit the fuel tax you collected if, in conformity with the Fuel Tax Act, you paid your supplier an amount equal to the tax when you acquired the fuel.
Remittance
If you did not pay your supplier an amount equal to the tax, you must remit that amount to us and file a return by the 15th day of the month following the month in which the retail sale took place.
Penalties and interest
To avoid being charged late-filing penalties, penalties for failing to file or interest, see the Remittance Schedules of the Fuel Tax for the payment deadlines.
HOW DO I GET MORE INFORMATION ABOUT THE SETTLEMENT?
This Notice summarizes the proposed Settlement. For the precise terms and conditions of the Franchise Dealer Settlement, please see the Settlement Agreement YOU MAY OBTAIN ADDITIONAL INFORMATION BY:
What does it mean to object to a settlement?
Objecting is simply telling the Court that you don’t like something about the Settlement. Excluding yourself or opting‐out is telling the Court that you don’t want to be part of the Settlement. If you exclude yourself then you cannot object to the Settlement because you are not a part of it. If you object, and the Court approves the Settlement anyway, you will still get your benefits under the Settlement and be legally bound by the Settlement.
When was VW franchise complaint filed?
On September 30, 2016, a First Amended VW‐Branded Franchise Dealer Class Action Complaint (the “VW‐ Branded Dealer Complaint”) was filed directly in the MDL. J. Bertolet, Inc., dba J. Bertolet Volkswagen is the proposed Class Representative in the VW‐Branded Dealer Complaint, and seeks to represent a class of all VW‐ branded franchise dealers in the United States as of September 18, 2015 for their alleged loss in dealership value as a result of the emissions issues surrounding the VW 2.0 liter and 3.0 liter TDI vehicles (“TDI Vehicles”).
How to object to a settlement in California?
Note: You may mail your objection to the Court.You must include the following information in your objection: Your full name, address, telephone number, and signature. The specific reasons why you object to the Settlement. The name, address, bar number, and telephone number of your counsel, if you’re represented by an attorney. If you are represented by an attorney, he/she or it must comply with all applicable laws and rules for filing pleadings and documents in the Northern District of California. State whether you intend to appear at the Fairness Hearing, either in person or through counsel. Unless you submit a proper and timely written objection, according to the above requirements, you will not be allowed to object to the Settlement or appear at the Fairness Hearing. (See Questions 17–19).
Can a franchise dealer be represented by a lawyer?
Yes. The Court has appointed the law firms listed below to represent you and other Franchise Dealer Class Members in the Settlement. These lawyers are called Class Counsel. You will not be charged for services performed by Class Counsel. If you want to be represented by your own lawyer, you may hire one at your own expense. If you want to contact Class Counsel about the Settlement, they can be reached at:
Does Volkswagen pay attorneys fees?
Attorneys’ Fees. Volkswagen will pay attorneys’ fees and costs to Class Counsel in addition to the benefits it is providing to the Dealer Settlement Class Members in this Settlement. At a later date to be determined by the Court, Class Counsel will ask the Court for an award of attorneys’ fees and reasonable costs. Dealer Settlement Class Members will have an opportunity to comment on and/or object to this request at an appropriate time. The Court must approve the award of attorneys’ fees and costs to be paid by Volkswagen. Any attorneys’ fees and costs awarded by the Court will be paid separately by Volkswagen and will not reduce benefits to class members.
When was the Reynolds settlement?
The Settlement with Reynolds is detailed in the Settlement Agreement between the Dealership Class and Reynolds (the “Agreement”), dated October 23, 2018. All terms used in the Notice have the same meanings as set forth in the Agreement.
Is there a claim process for Reynolds Settlement?
THERE IS NO CLAIMS PROCESS AT THIS TIME. CLAIM FORMS WILL BE DISTRIBUTED AND PROCESSED ONCE THIS LAWSUIT IS CONCLUDED AGAINST CDK. If you have not already done so, please register here to receive notification when the claims process begins. Alternatively, if a November 2018 Notice of the Reynolds Settlement was sent to you by mail, when it becomes available, a claim form will be sent to you at that address. If the address at which you received the November Notice is no longer current, please update your address on the registration site.
Is Reynolds a class action?
There is a proposed class action Settlement with The Reynolds and Reynolds Company (“Reynolds”) involving an alleged conspiracy by CDK Global, LLC (“CDK”) and Reynolds to charge unlawful prices in the markets for Dealer Management System (“DMS”) software services and Data Integration Services. Reynolds denies any wrongdoing and the Court has not ruled that Reynolds did anything wrong or violated any law.
Is there a claim recovery service for Reynolds?
No assistance from a claims recovery service is necessary in order to participate in the Reynolds settlement, or any potential future settlement in this case. Such assistance from a claims recovery service is unnecessary to receive a payment or maximize your recovery. When claim forms become available once the lawsuit is concluded against CDK, claims filing assistance will be available from Dealership Class Counsel and the Settlement Administrator at no cost to you.
Is there an action against CDK?
No action from dealers is currently needed as the litigation continues against CDK. The Reynolds Settlement funds are in escrow and will not be distributed until resolution of dealers’ claims against CDK.
Will the dealer class action continue against CDK?
The Dealership Class Action will continue against CDK.
Is Cox Automotive a plaintiff?
This settlement means that Cox Automotive is no longer a plaintiff in this multidistrict litigation. If you are a U.S.-based retail auto dealership that bought a Reynolds or CDK Dealer Management System (DMS) from January 1, 2015 through October 23, 2018, you could benefit from a class action settlement.
