Smartflow, Energy 360 tackle fuel retailing challenges
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.
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