One of the core features of our Petrol Station Software is Credit Client Management. The feature helps businesses to maintain profitability while optimizing conflict resolution between the company and its credit clients. Credit client management facilitates a seamless flow of cash within your business. This technology is far more effective in well-organized organizations with proper fuel station management systems.
Today, many businesses in the petroleum industry prefer cloud-based petrol station management software due to its convenience when dealing with credit clients So, what are the key features of good credit client management software? Read on to find out.
Since our petrol station software uses the SaaS (Software as a Service) model, upgrading your credit client management system is straightforward. An updated software must perform the following functions effortlessly:
- Trade receivable collection
- Credit risk management
- Reporting
Trade receivable collection
This is a very crucial function in a credit client management system. Our fuel station management software lets you set collection scenarios based on your clientele and business needs. For instance, you can group your customers into various segments, such as critical accounts, risky customers, and small accounts, among other segments. This feature contains a client portal to maintain open communication with your customers.
The trade receivable collection aspect of your gas station management software automates tasks like general and specific customer follow-ups. This software also facilitates automatic penalty calculations, email reminders for timely payments, and other activities involving receivables.
Credit risk management
Risk management is essential when dealing with credit clients. Our petrol station management software monitors your client’s payment behaviour for decision-making purposes. The software also creates a risk agenda to help your employees with daily activities involving credit clients.
Reporting
Reports give you an honest look at your organization’s performance. For example, our gas station software ensures you get real-time figures concerning payment profiles, lousy debt ratio, and overdue ratio, among other factors. The cloud-based software also makes accessing your company’s historical data easy. That helps you study patterns and fix any apparent issues in the reports.
What other factors should you consider when choosing a fuel management system have?
Besides the features mentioned above, consider several other factors when shopping for credit client management software. These include the following:
- Availability of the software– First, you must confirm that the software is available 24/7. That means having 12-hour restrictions may not be a good fit, especially for a petrol station business. The fuel station software must also be user-friendly in terms of intuitiveness and the ergonomics of each specific function. You don’t have to worry about availability because our petrol station software is available 24/7.
- Cost– Ensure that the software you choose is within your budget. It is worth noting here that exorbitant prices only sometimes speak to the quality of a product. Our petrol station software is an excellent example of an affordable and quality system for credit client management.
- Security– Lastly, ensure that you purchase a fuel station management software provider that takes the confidentiality of your sensitive data seriously. With cybercrime at an all-time high, it helps to ask your software provider about the measures they are taking to secure your data.
Now that you have these tips, selecting a credit client management software for your business should be easy enough. You can begin with a free trial of our comprehensive petrol station software and see how it works for your business.
