Electronic trading soars at Exol

Electronic trading has soared at Exol Lubricants, with automotive and commercial vehicle motor factors successfully connecting through PACT, the joint venture between Fourth and TecAlliance.

Exol has taken full advantage of connecting with more than 2000 buyer locations throughout the UK across a common trading platform, while motor factors benefit from working with one of the UK’s fastest growing oil and lubricants brands, boosted recently by additional investment in its production facilities, website and branding.

PACT considerably enhances the correspondence between an aftermarket supplier and motor factor by adopting and utilising automated procedures such as stock enquiries and ordering, the exchange of order acknowledgements, dispatch notes and invoices.

Mark Rudge of Fourth said: “It’s fantastic to see a company like Exol taking full advantage of the benefits in electronic trading and seeing on a return on investment. As the UK automotive aftermarket becomes more connected, PACT is changing the way business is conducted in the most efficient and positive way.”

Steve Dunn, Exol Lubricants sales & marketing director, said: “Exol has a superb reputation for customer service and technical expertise. By automating our ordering processing, it allows us to develop these areas further for the benefit of our customers.”

PACT can connect single or multi-branch motor factor operations using any business system to the UK’s leading component suppliers.