Fuel Finc

Overview

Buyers will provide their order information to populated enquiry on the platform Fuel Finc, after communicating with Fuel Finc via whatsapp! Fuel Finc acts as an intermediary between buyers and suppliers.

Buyer

• After populated enquiry the information into the platform. Fuel Finc will return a template with the above information available to the buyer called enquiry. By active enquiry, buyers publicize the order information they need for suppliers on the system to conduct auctions to offer the best possible price.Buyers can set a deadline for the auction to take place. and after the deadline ends. Orders can be made with or without the supplier.
• 3 features for buyers: Buyer’s RFQ, Trade Timeline & Trade Blotter3 flows: Onboarding, Dashboard & Enquiry.

Supplier

After logging in to the Fuel Finc platform, the provider will proceed to view the data in the system. enquiries from the buyer with the right conditions, the supplier will conduct an auction to give the lowest price to win the Bid from the buyer.

After winning the bid. The supplier proceeds to offer payment conditions from his side to send to the buyer, because the product is petroleum, so the order value is very large.

Source:  Tracy Nguyen

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