April 25, 2012 iRely has added additional features to its Petroleum Product. [More...]
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At the end of the day, are you sure every customer has been invoiced correctly and that every gallon has been accounted for? iRely's in-truck billing solution, Energy Trac, provides that assurance. Energy Trac takes your fuel deliveries to the next level. It is designed to dramatically improve your accuracy and efficiency while elevating your level of customer service. With Energy Trac, all remaining manual steps involved in fuel delivery have been tied together in one neat system of automation, giving you the ability to sell more with less.
On a daily basis, customer, tank, contract, pricing, tax, and other relevant information are downloaded from the home office into a laptop in the truck to be used to generate invoices. Along with this information, routes, fill reports, bills of lading, MSDS sheets, vehicle and LP inspection reports and other data to keep drivers compliant and efficient, are downloaded. When a driver makes a stop at a customer location, he pulls up customer information and checks their AR position to make sure he isn’t giving away fuel. If the invoice will be split or the products applied against a contract, that information is applied here. He then either presets the number of gallons to be fueled or simply begins fueling. (Drivers can fill more than one tank at a time, if desired.) After fueling, the driver turns off the meter, flips the switch to print (if electronic) or enters the number of gallons pumped (if manual), and begins finalizing the invoice. The gallons are applied to the tank and any additional items can be applied.
Invoices can be handled in the same way that they would be in the home office. Split invoices among various parties and/or hand out an invoice for tanks at multiple addresses. Drivers can also collect payments.
The advantages to this process are clear. Customers are handed actual printed invoices rather than hand-written tickets, eliminate expensive metered tickets and improving customer service. Less time is spent going back to customers to correct pricing or tax calculations. Drivers become more efficient and can spend more time selling more fuel. Vehicles are better maintained and risks are averted thanks to inspection reports. Electronic copies of MSDS sheets, BOL, and DOT inspection reports that can be printed on demand, not only save paper, but ensure compliance if ever needed. Finally, with customer and route information, drivers can easily fill in for other drivers.
Energy Trac’s benefits really hit home at the home office. By electronically importing invoice information instead of manually entering tickets, real-world experience has shown a home office labor savings of one hour per driver per day. For organizations with 5 trucks or more, this has proven to amount to a 90 percent increase in efficiency. What could you do with an extra 5 hours per day?
Energy Trac is built around the principle that there should only be one version of the truth. By not manually re-entering ticket information, errors such as typing in wrong amounts, applying tickets to the wrong accounts, and losing tickets in shuffling paperwork are eliminated. Because pricing, contract, credit limits, and tax information are automatically taken into account when generating invoices in the truck, the number of driver pricing errors is greatly reduced.
Energy Trac also makes it easy to reconcile end-of-day inventory and methods of payments. Ensure that you’ve accounted for all your gallons sold, and identify problems and take action before they get out of hand.
Energy Trac allows the home office to better extend their reach to the drivers. Petroleum Managers can configure routes through Energy Trac or through iRely’s Tank Management program within iRely Petroleum to make your drivers’ routes more efficient, including temporary routes for when drivers fill-in for one another. Managers can force daily truck inspections, DOT inspections, BOL, and MSDS Sheets to ensure legal compliance. And, with daily fuel reconciliation, managers can quickly spot and remedy driver errors.
The key to Energy Trac is in its tight integration to the home accounting system and electronic meter registers. All the function of the customer, tank, contract, pricing, and tax information tracked at the home office can be assigned to the truck to ensure you don’t have to manage that information a second time. By interfacing with electronic meter registers, you can be certain of fuel counts; therefore, customer bills will be accurate. Energy Trac interfaces with all major electronic registers including Mid:COM and Liquid Controls.
iRely Petroleum’s built-in A/R and Credit Management tools are essential to improving cash flow and reducing bad debt in a fraction of the time it takes with traditional methods. By infusing A/R into our product, all inventory, blending, cost, price, and sales transaction information interact to form a solid defense against losing dollars to delinquent accounts. iRely allows you to flag over-due accounts, limit the amount of credit offered to a customer, and to employ tools such as EFT and budget accounts to improve collections.
iRely General Ledger categorizes and summarizes your accounting data by both units and dollars so you can easily review various expense or income categories. Compare these categories to budgets or prior periods for up to 5 years. This vital management information can be used to increase the profits of your business by allowing you to spot and reinforce income-generating areas, eliminate waste, locate areas which are over budget, and implement actions for correction. Drill down to the source transaction in iRely Petroleum from iRely GL, eliminating time spent on researching transactions
iRely AP/Bank Account connects seamlessly with iRely Petroleum saving time and eliminating duplicate entry. iRely implements a receipt-verify process on pending payables created in iRely Petroleum to ensure that you never pay for items you don’t receive. Additionally, iRely offers Positive Pay which ensures that only the checks you write get cashed by the bank. Our reoccurring payables screen allows you to eliminate manual entries on recurring invoices. Reduce entry errors by matching invoices to purchase orders, ensuring you pay the appropriate amount.
iRely Payroll helps you maintain employee payroll information, calculate taxes, handle voluntary deductions, an print payroll checks. Eliminate tedious manual payroll calculations and save time gathering and preparing quarterly and yearly tax information.
iRely Patronage is a key component to managing member-owned fuel distributors. Save time when calculating refund checks and preparing iRS and other government documentation with iRely Patronage. Track sales volumes on which to base refunds as well as stock dividends.
Give your customers the ability to access their accounts online 24/7. Improve customer service while reducing the time you spend on the phone. iRely eCommerce is secure, robust, and accessible through your website in real-time.
iRely’s eDocs Suite comprises three products: eSignatures, eForms, and eDistribution. These products come together to allow you take a green approach by doing business electronically. Capture signatures electronically, create, view, and store electronic forms, and distribute these forms to your customers through email and fax. Save time, save space, save paper, and save money.
Do you operate convenience stores in addition to distributing petroleum products? iRely C-Store manages every aspect of the petroleum retail business effectively and efficiently. It centralizes your pricebook and streamlines your daily operations. iRely C-Store allows you to maximize your inventory, merchandising, and pricing to ensure you make more money. Both iRely C-Store and iRely Petroleum are proven stand-alone solutions for even the largest organizations, but together they create an unrivaled complete solution for the petroleum wholesaler and retailer.
iRely forges strong industry partnerships. We partner with numerous industry suppliers creating exceptional electronic interfaces and synergistic programs. Additionally, we support local industry associations to stay on top of legislative and local environmental changes.
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