Reference

FincoEnergies: Rapid growth requires flexible software

At FincoEnergies, we do what we say and say what we do. Whether it concerns digitalization or sustainability, we take concrete steps—and that truly sets us apart in the energy market. Since its founding in 2013, FincoEnergies has evolved from a traditional oil trader into an innovative player with sustainability at the core of all its activities. “We started completely from scratch,” says Rachel Stolk, Business & IT Support Engineer at FincoEnergies.

Due to our growth, we operated across multiple software environments. We are now in the process of consolidating everything into a single system: Business Central. This represents a major step toward greater efficiency.

Rachel Stolk, Business & IT Support Engineer

From oil company to a sustainable, data-driven energy provider

We have grown rapidly, both through new business and acquisitions. However, a real turning point occurred in 2019: since then, sustainability has become the core of our operations. That makes us, as a former oil company, relatively unique.

This shift toward sustainability was anchored in an ambitious plan: FincoEnergies aims to operate fully green by 2035. The strength of FincoEnergies lies in not only setting goals, but truly acting on them, Rachel emphasizes. We actively advise customers on sustainability and guide them through the transition. Because we understand their needs well, we can take concrete steps together toward reducing emissions.

One of these initiatives is focused on the maritime sector. In both sea and inland shipping, engines are not easily replaced. That is why we are working on projects in which customers collaborate to reduce emissions. In this way, we are building structural improvements across the entire value chain.

Users find Business Central clearer, faster and more user-friendly. Features such as search, emailing and exporting work much better than before. The feedback has been truly positive.

Rachel Stolk, Business & IT Support Engineer

IT as a driver of change

In recent years, the focus has been primarily on harmonization. Due to our growth, we operated across multiple software environments. We are now consolidating everything into a single system: Business Central. This represents a major step toward greater efficiency.

On January 1, we also went live with an environment that previously ran on different software. That was quite a challenge, as the business had to adapt to that system. With Business Central, it is the other way around: the system is flexible and adapts to the business. This has generated a great deal of enthusiasm among users. They find Business Central clearer, faster, and more user-friendly. Features such as search, emailing, and exporting work much better than before. The feedback has been very positive.

Fuel management with Business Central and FuelVision365

The combination of Business Central and FuelVision365 forms the core of daily operations. For some companies, we use Business Central purely as an accounting system, but the real strength lies in FuelVision365. This system is critical for our excise administration and is approved by customs authorities. It processes hundreds of truck deliveries every day, with each delivery automatically linked to the correct contract and pricing.

The result is a transparent and efficient process. Because pricing agreements differ by product and location, flexibility is essential. All of this can be configured within the system, making it highly effective and user-friendly for employees.

FuelVision365 extends the functionality of Business Central, for example in managing purchase orders.

Colleagues who are still working with other software are already asking when they can switch to Business Central as well. That really says it all.

Rachel Stolk, Business & IT Support Engineer

Insight, efficiency and trust

The benefits of Business Central and FuelVision365 are now clearly visible. The system is flexible and adapts to our various business units. Whether it concerns trucking, bunkering or trading, reporting is consistent and users have greater confidence in the data. This creates a sense of stability within the organization.

Enthusiasm is high, also beyond the current user group. Colleagues who are still working with other software are already asking when they can switch to Business Central as well. That really says it all.

Key users are now fully trained. They navigate the system with ease. By working with profiles, we keep the system structured and intuitive, ensuring that everyone only sees what is relevant to their role

Future: further digitalization and sustainable growth

In the coming years, FincoEnergies aims to further deepen its digitalization efforts. “The first step is to establish a single, unified ERP environment for all our companies,” Rachel explains.

According to her, digitalization and data analytics are key to success. “Data not only helps us work more efficiently, but also enables us to better monitor emissions and optimize our logistics. Ultimately, we want to manage all our processes—ranging from fuel management to sustainability reporting—on one integrated platform. That is the future of FincoEnergies.”

About FincoEnergies

FincoEnergies was founded in 2013 and, within a decade, grew from a small-scale initiative at a kitchen table into a leading European energy company. Through strategic acquisitions, including Dalhuisen, GoodFuels and GoodShipping, the company strengthened its market position and shifted its focus toward sustainable biofuels and CO₂ reduction.

The organization expanded its activities into Germany and Switzerland and launched initiatives such as the Decarb Desk to support its sustainability ambitions. FincoEnergies operates with a strong focus on the UN Sustainable Development Goals, including affordable and clean energy, responsible production, climate action, and the protection of life on land.

Today, FincoEnergies combines entrepreneurship and innovation with a clear mission: to actively shape a future in which sustainable energy is the standard.