RelaDyne to Partner with DM2 for Implementation of its ERP Systems Scalable Platform Critical to Growth Strategy
CINCINNATI, March 15, 2011 /PRNewswire/ –RelaDyne, Inc. announced it has selected DM2 Software’s Petroleum Insights back-office/enterprise resource planning (ERP) system as its business management software solution. With over 20 years of demonstrated expertise in the lubrication and fuel distribution industry, DM2 and RelaDyne will work together to provide the requisite business process design and alignment, software integration, installation, training and support to implement the new system.
“With over 300 customers with similar needs as RelaDyne – DM2 has demonstrated strong software functionality along with very capable implementation processes and resources that will provide us with a proven platform for growth. As we look forward to expanding our footprint, DM2 provides us the platform and ability to quickly and confidently integrate acquisitions we are targeting in the lubricant and fuel distribution markets as well as adding to our Field Reliability Management services,” cited RelaDyne CEO Larry Stoddard.
The DM2 systems will support back office operations of all four RelaDyne divisions – Gulf Coast West, Gulf Coast East, Midwest and Great Lakes. RelaDyne’s Houston operation is already running DM2; and the company expects all divisions to benefit from Houston’s lessons learned as the entire company converts to the latest version of the DM2 software. Project planning is already underway for a quick launch. Jess Brown, RelaDyne CIO, explained, “DM2 provided us with an aggressive implementation plan; and by teaming their consultants and our internal resources, our goal is to have a platform installed across the entire company by the end of the calendar year. We are really looking forward to working with a company like DM2 because they understand our industry so well.”
“We are excited to be partnering with RelaDyne and to be their platform of choice. We look forward to helping RelaDyne extend its footprint and provide the necessary functionality and scalability for their growth objectives,” noted Scott Burkard, President, DM2 Software.
RelaDyne, Inc., headquartered in Cincinnati, Ohio, provides integrated equipment reliability management products and services for industrial, commercial, transportation and automotive businesses in the United States. Four industry leaders – Mid-Town Petroleum, Inc. (Bridgeview, Ill.), Oil Distributing Company (Cincinnati, Ohio), The Hurt Company, Inc. (Houston, Texas) and Pumpelly Oil Company (Sulphur, La.) – joined to form RelaDyne on Nov. 9, 2010. Its innovative Field Reliability Management (FRM) platform of services is designed to enhance the operations of companies involved in process manufacturing, utilities, food and beverage processing, mining equipment and commercial fleets. The company also benefits from an exclusive relationship with Mansfield Oil as well as the support of its business-building partner, Kidd & Company, and AEA Investors LP, which manages funds worth approximately $5 billion of invested and committed capital. For more information, visit www.RelaDyne.com.
DM2 Software, headquartered in Vancouver, WA, provides DM2 Petroleum Insights back-office/ERP accounting, tax, automated fuel billing and other business-management software to more than 300 petroleum-distribution companies nationwide. DM2 Software was incorporated in October 1989. DM2 started out providing CardLink, a cardlock billing system to the growing cardlock networks in the west. By 1991, DM2 realized many petroleum marketers lacked a complete accounting and petroleum marketing system for their businesses. Today, DM2 offers Petroleum Insights, a back-office/ERP system with all of the core financials, fuel, lubricants, home heat/propane, cardlock, c-store management, supply chain automation, advanced business analytics, customer relationship management, fixed assets, paperless office and e-Business. For more information, contact DM2 Software at (800) 866-5151, or visit www.dm2.com .
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SOURCE RelaDyne, Inc.