Without a doubt, one of the most highly competitive industries in the world today is the petroleum and fuel distribution business. If your company is a contender vying for customers in this market segment, you know better than anyone the unique problems and opportunities faced by petroleum companies.

1. The Importance Of Fuel Distribution Software
Without a doubt, one of the most highly competitive industries in the world today is the
petroleum and fuel distribution business. If your company is a contender vying for customers in
this market segment, you know better than anyone the unique problems and opportunities faced
by petroleum companies. In order to achieve success and remain competitive within this
industry, finding the right petroleum software is crucial.
Fortunately, software developers long ago recognized the challenges faced by companies
engaged in complicated business transactions day in and day out, such as those in the
petroleum industry. In the 1980s, software companies began to address those concerns by
creating software modules which were, at first, designed specifically to address accounting
functions. Often time-consuming, tedious and prone to human error, accounting software
seemed to be a natural starting point for developers. Later, in the 1990s, as computer
technology advanced and business use moved from personal computers to larger-scale
computer systems, developers focused their efforts on software that would integrate internal
and external management of information throughout entire companies. Referred to as ERP
(enterprise resource planning) software, these technologically advanced products were intended
to streamline and automate internal processes of even the most complex company, no matter
how large or small the business was or how many different locations it occupied throughout the
world.
Today, ERP petroleum software is capable of automating and synchronizing virtually every
aspect of a business: from finance and accounting to manufacturing and distribution of a
product to human resources to sales and customer service and much more. A few of the
capabilities of ERP software include:
•
Accurately calculating taxes
•
Forecasting customers’ delivery needs
•
Generating general ledger spreadsheets and reports
•
Analyzing accounts receivable payment records
•
Streamlining accounts payable processes, including vendor accounts and keeping track
of new payables, adjustments, credit memos, etc.
•
Keeping track of available product to ensure that your company keeps pace with
customer needs
•
Tracking customer purchases and producing a complete purchasing history for each
customer
•
Fully automating all purchasing processes

2. •
Improving relationships with customers and vendors by enabling consistent
communication across all departments within the company and facilitating more efficient
follow up with outside entities
Keeping pace with the competition – and surpassing them in whatever way possible – is
essential for any company in a business as competitive as the petroleum industry. Automating
and streamlining the complex day-to-day business tasks, creating a more cohesive internal
operation and improving relationships with customers and vendors are just a few advantages of
ERP petroleum software. Ensuring that your business runs as smoothly and efficiently as
possible is what ultimately leads to greater profitability and longevity in this fast-paced,
competitive industry.
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