The present-day world is all about a quality lifestyle and lifestyle choices! Naturally, there are expenses to incur as well. There are companies both that want to look for ways to minimize costs and increase their workforce productivity. It is essential to consider this practice in recent times. For business sectors, like construction, building, and mobile working solutions, fuel contributes as one of the overlooked but expenses costs. There are several ways to curb this cost. One of the potent ways is to use fuel cards and fleet maintenance cards.
What are fleet maintenance and fuel cards?
Simply put, the fleet and fuel cards enable the manager and entrepreneurs to manage the fuel consumption and maintain the allied costs. Generally, every driver gets a card that has a chosen pin code that gets used while any work-related buys. These cards provide in-depth reporting as well as cost-control limitations. By using these cards, a company can attain as much as 10% to 15% of the savings in fuel consumption. And it can happen within the initial year of executing this card. To know more on this, you can check out the Speedway fleet card.
The benefits
There are several advantages of fuel cards and fleet management cards. They are as follows:
- It helps in controlling theft
Oil costs are always increasing. And in this changing economy, sometimes people get tempted to use up the company’s account for their personal fuel consumption. It might appear something petty but ultimately it is called company theft. However, when you make use of a fuel and fleet card, you can track the fuel consumption and outline the misuse or unauthorized use. And once a company recognizes it, they can avert it as well.
- Companies get in-depth reporting
This card offers detailed reporting that describes the consumption details of the cardholder. It helps to minimize administrative tasks. You no more need to let your staff sit and spend hours on individual fuel consumption and make changes in the reimbursement checks. The fuel and fleet card reporting reveal crucial data, such as:
- Bad habits that a couple of drivers have
- Underperforming drivers
- The fuel that got wasted
For instance, if one of the vehicles used by an employee is burning the fuel at a faster speed than the rest, you know that this is one area to look into.
- It provides driver assistance
Fuel and fleet cards provide employee assistance. The companies that function on cash need their drivers to pay initially for the work costs on their own. And later these expenses get reimbursed. However, the drivers who have fuel and fleet cards need not make use of their cash. They don’t even need to fret about tracking the receipts. The card is there to take care of it.
- Helps in vehicle maintenance
There are advanced fuel and fleet cards that provide various maintenance services. The card comes with full reporting benefits that can enable the companies to keep track of a specific car’s daily maintenance checks. The cards can also set a limit on the places where a driver can take their cards for maintenance; it ensures only trained professionals can attend to the fleet.
These are some of the essential advantages of fuel and fleet cards. If your company wants effective fuel consumption for each driver, this card can help.