Oil Well™ is a Consumer Reporting Agency which provides residential and commercial heating oil dealers with real-time information necessary to make informed credit decisions and control risk. Oil Well™ affords its clients the ability to improve the customer relationship experience while helping to identify potential fraud and better predict credit default risk.
Oil Well™ gathers records exclusively from residential and commercial heating oil dealers thus allowing our subscribers access to actionable and unique information that is not always available from other consumer information providers. Each subscriber is required to upload their delinquent customer information at least every 10 days or their searching capability gets suspended until the next upload is performed. This insures that the data is current and subscribers are contributing data as much as they are using it. You can manually enter records or upload files exported from your accounting software. It is your choice as to how many "days overdue" you wish to upload but take into consideration that you will not receive Oil Well Alerts™ if your customer's file is not in the system. Accepted formats are Microsoft Excel Spreadsheets (.xls) or Comma Separated Values (.csv).
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• Requirements for importing data
Oil Well™ allows you to assess your risk with a prospective new customer before you make your first delivery. Check to see if the consumer owes another dealer money and for how long.
Oil Well™ is a valuable tool for customer retention. Our proprietary Oil Well Alert™ alerts a subscriber that its delinquent customer's file has been accessed by another oil dealer thus alerting the subscriber that its customer may be preparing to avoid payment by switching oil dealers.
See if your new customer owes ANOTHER dealer money and receive an email alert whenever YOUR customer's file is accessed by another dealer.
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