Click here to view PDF

HOUSTON (May 14, 2008) – SolArc, an innovative, market-focused software company that dramatically improves the performance of commodity-intensive businesses, today announced the launch of SolArc RA FuelOffice. SolArc RA FuelOffice, is an enterprise solution for jet fuel procurement, budgeting, accounting and price risk management for small to mid-size airlines. SolArc RA FuelOffice delivers the proven, market leading functionality and best practices for jet fuel management that major global airlines such as, Singapore Airlines and United Airlines use across their global fuel supply chain.
SolArc RA FuelOffice is a preconfigured solution that can be deployed in a hosted environment to reduce the total project cost and implementation time. This pre-configured solution will help to accelerate the target ROI. SolArc RA FuelOffice offers the following functionality and best practices to streamline the jet fuel operations for small to mid-size airlines and air cargo carriers:

• Fuel planning and budgeting
• Fuel procurement, pipeline nomination and inventory management
• Invoice processing and automated payables verification
• Fuel tax application and payables processing
• Fuel price risk management and hedging
• Support for implementation of FASB 133/IAS 39 hedge accounting standards
• Support for implementation of IATA fuel data standards

“Jet fuel management for small to mid-size airlines is a very strategic market for SolArc” said Dale St. Denis, Vice President of Commercial & Industrial business for SolArc. “SolArc RA FuelOffice packages SolArc’s extensive airlines solution and implementation experience in a hosted solution that lowers the cost of entry for small to mid-size airlines.”

About SolArc
SolArc, Inc. is a global provider of commodity trading and risk management software and services that can dramatically improve the operational and financial performance of companies dependent on commodity-intensive markets.

SolArc’s integrated application suite delivers greater enterprise insight and control over the entire commodity-based value chain within an organization. The SolArc solution offers innovative technology based on industry-leading services and world-class expertise that connect professional disciplines like trading, scheduling, accounting and risk management across both physical and financial commodity transactions.

Since 1991, SolArc has become a trusted solution provider for an international clientele of leading corporations across a range of vertical industries, including Energy, Transportation, Finance, Agriculture, Consumer Goods and others. Headquartered in Houston, Texas, SolArc also has offices in Tulsa, Oklahoma, London, and Singapore.