Article | March 26, 2018

Accounting For The Unaccounted

Source: Endress+Hauser, Inc.
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By Michael Robinson, Projects, Solutions and Services Marketing Manager, Endress+Hauser

Accounting For The Unaccounted

In modern tank and terminal facilities, material transfer operations include a mix of legacy processing systems still in use, new technologies installed to improve operations, and tank monitoring software. But some older facilities have not modernized their operations, and can be losing millions of dollars in unaccounted losses, especially if they are dispensing more materials to customers than they are getting paid for. Conversely, errors can be made in the other direction, shortchanging and overcharging customers, leading to loss of business and other issues.