6^th Annual Edition

This is an integral part of operations of these companies. This ensures that the infrastructure and facilities built by one oil company can be leveraged by others. Hindustan Petroleum also relies on inter-oil company product exchanges. Traditionally, the product exchange data was settled between two oil companies through manual joint certificates. However, the systems of two different companies did not talk to each other and integration issues hamstrung process efficiency. Sathiavageeswaran decided to create B2B integration mechanism for oil exchange with other companies. This system enables oil companies to exchange invoice data electronically. This helped the company develop an efficient and accurate product exchange, accounting and settlement mechanism. The platform facilitates transfer of invoice data on real-time basis, error-free quantity accounting, and transparent inter-company settlement. It also saves transaction time at HPCL's locations.