SML offers a comprehensive Electronic Metering Management System designed to offer end-to-end audit and assurance for tax revenue collection in the downstream petroleum. Our Electronic Metering system validates and guarantees the precise measurement of the ingress and egress of petroleum product quantities across various stages, encompassing product receipt, storage, and distribution. By meticulously recording accurate measurements of product volumes at each stage of the supply chain, our system ensures the integrity and transparency of transactions. Consequently, our systems aid in streamlining customs internal audit procedures for downstream petroleum products, effectively overseeing tax revenue collection and minimizing revenue losses.

Our exclusive software solution, SML Experion, harnesses AI technology to provide real-time monitoring and data reconciliation audits for petroleum product liftings nationwide. This innovative solution allows for the immediate detection of any inconsistencies or irregularities, empowering proactive decision-making and facilitating the implementation of preemptive mitigation measures

SML’s data analysis and reconciliation strategy are pivotal for revenue assurance in the downstream petroleum sector. By providing comprehensive audit trails, we conduct end-to-end audits of petroleum product movement, meticulously tracking activities throughout the downstream petroleum value chain to ensure the accuracy and transparency of product handling for tax payments. This approach effectively plugs revenue leakages, enhances compliance, and sustains the increase of tax revenue in the downstream petroleum sector.

Since 2020, our strong presence in the downstream petroleum sector has enforced compliance with regulatory standards and requirements of the sector for tax revenue mobilisation. We have enhanced operational efficiency through accurate measurements, fostered continuous improvement in operational processes, and curtailed revenue loss, thus bolstering tax revenue mobilization performance.