Case Study: Acree Oil saves $30,000 annually and 1,000 labor hours with FACTOR

Over Two Decades of Increased Operational Performance

Acree Oil, a Georgia wholesale fuel distributor serving more than 100 convenience stores, was spending too many resources on invoice distribution and credit card and EFT reconciliation. Its invoices cost $2,500 a month in postage and materials, customers received them 3-5 days after mailing, and employees spent over 3 hours a day on payment processing tasks.

FACTO R implemented Outbound Invoicing and E-Trak to automate invoice delivery and streamline reconciliation. With FACTOR’s help, Acree Oil saved over $30,000 a year in supplies and postage, eliminated over 1,000 labor hours spent mailing invoices, shortened its receivables cycle by sending invoices immediately by email or fax, and reduced credit card and EFT reconciliation time by 92%, from 3 hours a day to 15 minutes.

Acree Oil

John Davis

Controller