Smartflow, Energy 360 tackle fuel retailing challenges
29 November 2017 |
4:10 am
Smartflow Technologies, a flow and level automation company in Nigeria, and Energy 360 (E360) Africa Limited, a retail fuels technology company, have introduced a solution that uses the power of real-time data to reduce operational losses.
The Chief Executive Officer of Energy360 Africa Limited, Dolapo Adeyeye.
Smartflow Technologies, a flow and level automation company in Nigeria, and Energy 360 (E360) Africa Limited, a retail fuels technology company, have introduced a solution that uses the power of real-time data to reduce operational losses.These include fuel losses, thereby lowering operational costs, lower operational control breaches, and improve margins for fuel retailers.
The Chief Executive Officer of Energy360 Africa Limited, Dolapo Adeyeye, described the E360 Station Manager as an innovative cloud based software, which optimises business operations, margins, and ensures proper controls at the forecourt.
According to him, the E360 Station analytics helps to manage fuel business more effectively, by delivering real-time information that can be accessed whenever and wherever the need arises.
He added that Energy360’s solutions take into cognisance that retailing of petroleum products requires a huge capital outlay for infrastructure, and procuring products, while having razor thin margins; critical success factors will include cutting costs, and running an efficient operation.
Smartflow’s Managing Director, Milin Shah, said its capabilities are built on strong knowledge base, a steady improvement in practices, extensive research, and exceptional support from its global original equipment (OEM) partners.He added that that the company’s systems and solutions have been created with full customisation for the Nigerian market realities.
The Chief Operating Officer, Energy360, Abayomi Elebute, said: “E360 station manager offers a comprehensive suite of modules to its customers which covers sales management, stock management, expense management, cash management, (cash, POS, credit) and supply management. The E360 station analysis has the following modules: real time sales analytics, reconciliation and fraud Analytics, Real-time stock analytics, replenishment planning, executive sales and stock analysis and expense analysis.
“More so, the benefits which include minimising financial losses by determining issues of fuel loss swiftly, such as those from tank leaks, theft, over-dispensing and short deliveries, and instant access to daily reconciliation data by nozzle, pump, tank and station within your network. Others are swiftly identifying slow-flowing nozzles and under-dispensing pumps, which allows for maintenance work to be carried out early, preventing a negative customer experience.” Elebute said the company specialises in the implementation of end to end secure business technology solutions readily accessible to both operators and business executives. “Our business dashboard provides an array of services including continuous insights into operations, revenue, cost, stock and expense monitoring.”
He noted that Energy 360’s technology represents the future of fuel retailing, helping fuel stations to manage the retail business more effectively by giving visibility and control.
Related
Latest
12 mins ago
Two mayoral candidates were reported killed in Mexico on Friday, one in the country's northeast and another in the south, authorities said -- part of a wave of political violence ahead of June elections.
14 mins ago
In today's world, time is a precious commodity. We're constantly bombarded with the message that "time equals money," and the pursuit of financial security often feels like a never-ending treadmill. But what if there was another way?
25 mins ago
Some 800,000 people in a Sudanese city are in “extreme and immediate danger” as worsening violence advances and threatens to “unleash bloody inter-communal strife throughout Darfur,” top UN officials warned the Security Council.
36 mins ago
The committee to supervise the All Progressives Congress (APC) governorship primary in Ondo state, on Friday, said a total of 171,922 accredited members would vote on Saturday.
1 hour ago
Nigeria's Tunde Onakoya has set a new world record for the longest time to continuously play chess. “We have done it," Onakoya's X account announced earlier on Saturday. “We’re pushing to 60 hours, guys. We’re not stopping yet. Let’s keep going. Apart from setting the new record, Onakoya is also using the opportunity to raise…
2 hours ago
The Nigeria Football Federation (NFF) has said that it would unveil a new coach for the Super Eagles early next week. The Super Eagles have been without a coach since Portuguese, Jose Peseiro, left the job after leading the team to second position
3 hours ago
The World Health Organisation (WHO) has reported an increase in cholera cases, with 473,000 cases recorded in 2022, twice the figure in 2021. In a statement, yesterday, WHO disclosed that an estimated increase of 700,000 cases...
3 hours ago
Unless urgent steps are taken by the Federal Government, the nation’s hope of making an appreciable impact at the fast-approaching Paris 2024 Olympic Games may have wane.
3 hours ago
ACE singer, Oyinkansola Sarah Aderibigbe popularly called Ayra Starr, has donated a borehole to the Orimolade community, Ifako-Ijaiye, in Lagos, as part of efforts to provide clean and drinkable water to the people.
3 hours ago
Governments at all level in the country have been enjoined to evolve an intervention method that addresses the concerns and needs of women in agriculture for the country to guarantee self-sufficiency in food production.
×
Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.
0 Comments
We will review and take appropriate action.