Fuel Manager to Cushion Effect of Increased Petrol Cost

Concept Nova, one of Nigeria's fastest-growing Information Technology service companies, has partnered with Sattrak Services, a leading asset tracking services company to re-introduce Fuel Manager, one of its enterprise software solutions,  to the Nigerian market.
According to Nnamdi Ochonogor, head, Strategy and performance management: “With the total deregulation of the oil sector, removal of subsidy on Premium Motor Spirit (PMS) and the subsequent increase in price of petrol will have a multi-faceted negative effect on the bottom line of businesses, who will be forced to review their processes and prices if they want to stay competitive and profitable in 2012.”
He goes on to suggest more effective management as the way forward, but also predicts that fuel will become an even bigger target for misappropriation.
He said: “one of the best ways of adjusting to this price increase is to properly monitor and manage our fuel usage. This is because our research and experience has shown that close to 28% of fuel consumption in Nigeria is wasted.” With this price hike, we expect this rate to increase, as fuel becomes more valuable for theft as it becomes more expensive. Software will become a key method to stopping this, and our solution is simple and affordable and is guaranteed to help organizations adjust and remain competitive”
For organizations that have fleets of fuel consuming assets (cars or generators) that may be mobile or stationary, Fuel Manager provides remote access monitoring capabilities of fuel within the assets. This means that you can monitor the fuel within your assets from the comfort of your home or office.
Fuel Manager helps with the monitoring of fuel usage, the detection of high fuel consumption rates, the discovery of leakages and the ascertaining of Fuel theft attempt. It also tracks the car or (mobile) generator’s geo-position, which secures against theft.
To complement the Fuel Manager, Concept Nova has developed another Enterprise solution called FleeTrak. FleeTrak, which is a fleet management software application, helps to increase the efficiency and lifespan of fuel consuming assets. While Fuel Manager detects and reports fuel consumption and theft while securing the asset, FleetTrak monitors all aspects of your vehicles’ management, such as journey allocation, maintenance, spare parts and budgeting, helping users control their cost of ownership. When used together, Fuel Manager and FleeTrak can serve as a Total Asset Management Solution, enabling managers to maintain restraint on business expenses that can easily spiral out of control in the current climate.
Concept Nova also introduced its Independent Sales Consulting (ISC) Initiative which gives entrepreneurs the opportunity to earn an income of up to 20% of our software solution as brokerage / referral fees.