Firm unveils fuel management technology for operators

Energy 360 Africa, an indigenous downstream petroleum technology firm, has launched a portfolio of innovative fuel management systems that help small, medium and large businesses optimise fuel consumption thereby boosting revenue and maximizing profit.

The Chief Executive Officer of Energy360 Africa, Abayomi Elebute, who made this known during the unveiling of the technology solutions in Lagos, said the solution also eliminates losses through siding and other sharp practices; providing owners immense comfort via state-of-the-art controls.

The offerings unveiled include station manager, which is a cloud-based software designed to optimize fuel station operations, margins and ensure proper controls on the forecourt.

Speaking on the bouquet of service offering, Elebute, disclosed that live demonstrations of the e360 Volex are available before deployment to familiarise users with the solutions.

He added that the firm came up with the solutions to support the oil and gas downstream sector to improve controls around fuelling and reduce losses by at least 60 per cent.

“We are helping to boost the revenue of fuel businesses through fleet and customer loyalty programs to support your customers and eradicate price change fraud and competitor pricing analysis.”

The service offering rendered by Energy 360 Africa to oil and gas companies will in the long term, help businesses cut down on losses through cutting edge reconciliation and fraud analysis; including alerts on stock and sales exceptions, proof of deliveries and automated replenishment, forecasting and reducing the risk of fuel scarcity.

According to Elebute, E360 Station Manager was designed to centralize data across multiple fuel stations, allowing for greater insights into stock levels, pump activity, pricing, margin management, historic sales trends, expenses, and customer behaviours.

The second element in the offering is the e360 Volex, which offers businesses flexibility and improved controls over fuel management through access to real-time data from fuel points.

An additional feature of e360 Volex is that it features a secure payment integration to allow businesses to receive payments seamlessly (especially from their B2B customers).

The third component is the station analytics which caters to businesses that run multiple stations, delivers real-time data from their network of stations at any time and location. With these data, businesses are equipped to handle big data; sales, stock, payments and other operational information which are aggregated to provide holistic and granular visibility of their stations, thus enabling more accurate decisions on the go.

The final component of the bouquet is the Fuel Authorization & Management System (FAMS), a comprehensive cloud-based solution for improved controls and real-time data during fuel distribution. This service is specifically designed for the administration and control of platforms, processes, and systems that guarantee the ability to accurately account for fuel products, either individually or collectively, at points of receipt, storage, distribution, consumption, and issuance.