My formula for success?.....Rise early. Work late. Strike oil.
— J.Paul Getty (1892-1976)
 
Reducing capex
 
Avoid errors through automation
 
Internal Audit
 

CounterBooks, a leading innovator in Cloud-based retail accounting and management systems based in London, has supplied systems to major oil companies throughout the world for more than 15 years. With more than 750+ branded petrol stations and over 100 Dealers in the UK alone, the objectives have always been to streamline systems and lower costs, while improving management of all retail assets.

Dealers benefit from a fully functional general ledger accounting system which is deployed online therefore avoiding any major capex costs. Available in multiple languages, even at a site level, and customised to local accounting regulations, the fuel retailer's management team have access to a comprehensive reporting tool that provides 100% transparency across the sites within their CODO network.

The reporting structure is consistent across all sites and has drill down capabilities to individual transaction level where applicable. Dealers' purchases can be assessed to ensure compliance with purchasing policies by supplier, while the highly-automated data import system reduces errors, increases quality of data and reduces cost. A data rich management information system provides the fuel retailer with insight into the network's performance (sales, expenses, profitability, liquidity and net worth), tracks operating model compliance and acts as an internal audit tool.