Data portability is essential for professionals in the heating and fuels industry. Data portability levels the playing field, creating a variety of benefits, but most importantly it enables vendor flexibility to assure you’re always receiving best in class electronic payment expertise while benefiting from the best technology tools built specifically for fuel dealers
Industry empowerment
Data portability has been proven to level the playing field and empower the heating fuel dealer.
The right to data portability can impact the relationship between the data controller and data subjects. The General Data Protection Regulation gives consumers the right to transfer their data from one controller to another. If consumers are not happy with the services they receive, they can switch providers by requesting a data transfer to a competitor.
When you have increased data portability, you have access to more information about your ideal customer and what they’re looking for in the home heating fuels industry. This information can help you make better decisions while making your business more competitive.
Increased vendor flexibility
When data portability becomes the norm, a free agency environment occurs. This means that vendors must consistently evolve their offerings to retain customers and build a reputation as a respectable heating fuel dealer. Plus, having access to and full control over your data ensures the best offerings for the future, leading to innovation and better customer service.
I’ve watched data portability benefit leaders from all corners of the heating fuels industry. To build trust, I’ve partnered with Financial Technology Solutions, a proven watchdog over the heating and fuels industry. With my forward-thinking strategy and attention to developing technology, you’ll notice perpetual processing savings within the first two to three months. I have several case studies in the home heating and fuels industry to prove this claim which I’m happy to provide you with.
For more information about Richmond Financial Services, visit my website or call (617) 843-5700 to schedule a free consultation.
