BUYING THE BEST RATE Fuel prices change from time to time (vary with time). Political conditions, international issues and market fluctuations will affect fuel prices and consumption. The location of the fuel terminal and supplier company also affects prices due to the ingredients used to blend into the fuels. For these reasons, fuel delivery companies always have a tough time tracking the fuel prices for the day and deciding the location to buy. Going through all the emails for the price updates from those companies or calling them daily is always a problem.
LOSS OF INVENTORY – THEFT Loss of inventory can hurt any business. In the case of the Fuel delivery companies’ inventory loss can be a physical loss or an adjusted loss. Physical loss of fuel is actual loss from the tank, which can be through a spill during its delivery or a leak. An oil spill is a nightmare for the fuel delivery company as they must deal with all the environmental regulations to clean up a spill.
ELIMINATE HUMAN ERRORS Everyone makes mistakes at work, which makes us human errors in any business, resulting in significant loss of productivity and profit. Fuel delivery companies are always at risk of these errors as the workflow involves a lot of manual tasks. These companies go through the process of taking an order, making a dispatch, calculating fees, calculating unit prices for the fuel, preparing invoices, running payments at the office level, and having drivers fill out the forms about their deliveries.
FAST AUTO INVOICING What are the benefits of automated invoice processing for fuel delivery companies? Every business needs an efficient flow of money to keep it running. In the case of fuel delivery companies, delay in invoicing a client is a significant obstacle as this delay leads to a delayed collection of those invoices. Preparing an invoice for a client of a fuel delivery company requires a lot of information ranging from the register readings to calculate the amount of fuel delivered to the taxes that the fuel and the Client are subjected to.
Ideally, every fuel delivery business wants to buy the fuel for less and preserve as much of the profit as possible in order to grow; however, there are obstacles that make this a far-fetched objective. Frequent human errors in data entry and accounting calculations lead to a painfully slow invoicing process often resulting in delayed payment collection and consequently cash flow issues. Undetectable fuel loss imposes hectic costs to the business and the smallest effort to control the damage ends in redundant overhead costs.
President / Owner | HiWay Fuel Services“In Manage Petro everything is centralized in one platform and the system is very smart. It minimizes user errors and can correct itself. It reduces a large amount of workload in one, perfect system.”More >
CCO of Air North | Yukon’s Airline“Manage Petro set us up with an integrated solution that delivered significant efficiencies in the way we capture and leverage data; from sections of our website, to functional applications that our staff use, to integrations with our accounting software. “More >