energy360 Africa, a Nigerian-based data analytics and technology solutions company has launched a portfolio of innovative fuel management systems to help businesses in the downstream oil and gas sector optimise fuel consumption, consequently boost revenue and maximize profit. Products in the portfolio include the Station Manager, the e360 Volex, Station Analytics and FAM – Fuel Authorization and Management System.
The station manager is an innovative cloud-based software designed to optimize fuel station operations, margins, and ensure proper controls on the forecourt. It helps 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 e360 Volex (fleet fuel management system) offers businesses the flexibility and improved controls around fleet fuelling plus 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 station analytics caters to businesses that run multiple stations, delivering real-time data with which businesses are equipped to handle sales, stock, payments and other operational information that is aggregated to provide holistic and granular visibility of their stations.
The fuel authorization and management system (FAMS), is a comprehensive cloud-based solution for improved controls and real-time data during fuel distribution. This service is 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.
“We are reducing losses and promoting growth by helping fuel businesses leverage tech,” said Abayomi Elebute, CEO energy360 Africa. According to him, the solutions provided by his company has helped businesses in the oil and gas downstream sector reduce losses by at least 60 percent. “We are helping to boost the revenue of fuel businesses through fleet and customer loyalty programs to support your customers and eradicating price change fraud and competitor pricing analysis,” he said.
The services rendered by the energy360 Africa to oil and gas companies will in the long term help them 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.
Currently, the solutions offered by energy36O Africa are present in 18 cities across Nigeria with over 150 registered fuel businesses and over nine million pumps monitored daily.