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Sales or Gallon Pricing?
While many of our articles focus on companies not using credit insurance, today I’d like to speak to the companies that are currently insuring their receivables. Whether it be Allianz (formally Euler Hermes), Coface, or...
Systemizing the Most Important Parts of your Business
Our businesses have established systems and processes for running payroll, completing customer transactions, and supply chain management. Many Study Groups members are recognizing they also need to create a systematic approach to the important parts...
Hidden inefficiencies are costing you millions. Here’s how you can fix it.
Inefficiency in operations is a silent killer. It’s been there for years, hiding in plain sight, costing millions in lost revenue and time. Whether it’s late payments, dispatch errors, or disconnected processes, the consequences of...
How Healthy are Your Health Benefits Communications?
4 Things to Improve Communications Whether you just finished open enrollment, are in the thick of open enrollment, or it is a couple of months off, communicating your company’s health benefits is a year-round job,...
Top 4 Reasons Employees Don’t Know the Mission Statement
Every company should have a mission statement. Mission statements outline why a company was formed, who it seeks to serve, and the quality of service to be provided. Every employee should know the mission statement....
An Interchange Fee Ban on Taxes?
Oil and gas Marketers and Retailers are certain of three things: Death (by regulation), Taxes, and Interchange Rates. While these are certain, the state of Illinois has had enough. “NO MORE INTERCHANGE FEES ON TAXES!”...
Case Study: Matrix Advises on the Successful Sale of WTG Fuels, LLC’s Delivered Fuels Business
WTG Fuels Holdings LLC (“WTG Fuels” or the “Company”), was a large, diversified fuels distributor and convenience retailer with operations across west Texas and southeast New Mexico. The Company is a subsidiary of West Texas...
Your Employees are Using ChatGPT, Whether You Like It or Not
It is hard to deny that the entrance of ChatGPT and other natural language AI models into society has changed the world. Employees are using it to write emails and documents, students are using it...
Single Top Strategy to Avoid Customer Late Pay
A petroleum company’s healthy cash flow is typically tied directly to customers paying invoices on time. Late paying customers quickly bleed away already slim margins and profits, in addition to adding significant operating costs by...
Leveraging AI in Business: Opportunities and Best Practices for Safety and Security
Many Study Groups members are cautiously optimistic about the implementation of Artificial Intelligence (AI). From optimizing energy consumption to enhancing construction project management, AI can significantly improve operations. However, with these advancements come critical considerations...
Managing the Credit Hold
One of the most useful, important, misunderstood and aggravating tools of the petroleum company credit department is the credit hold. This automated process, which is designed to interrupt the flow of product to your customer,...
Use Insurance to Improve Your Bank Financing
In the fuel world, it’s not uncommon to have a line of credit secured by receivables. While lines of credit can help with cash flow and allow you to take advantage of opportunities, they often...