If your company is considering the use of fleet fuel cards, but you are not sure if the cards are a good idea or not, this article sheds some important insights into why the fleet fuel cards would not be such a bad idea after all.
Fleet fuel cards are becoming increasingly popular for trucks, and the card options are quickly proliferating across the country, and just like credit cards, the fleet managers now ask their truck drivers, ‘where is your wallet?’ So, why do you need to use the fleet fuel card with you?
The primary reason why the fleet cards are crucial in the fleeting market today is that they all increase convenience among truckers. The fleet fuel cards are acceptable in just about every fuel gas station throughout the country, meaning that the truck drivers will have access to fuel whenever they need to, without having to call ahead or wait for authorization. Signing up for a fleet fuel card is as simple as filling out a credit application.
- The cards reduce fuel expenses
One of the highest expenses in the truck driving industry is fuel purchase, and the other high cost that comes close is the cost of vehicle maintenance. However, you could drive down those costs significantly if you opt for fleet fuel cards, which will reduce the cost of fuel plus the overall cost of the operational expenses.
The biggest source of savings will, however, come from the fraudulent gas charges that will be cut off from your expenses when you choose to use the fleet fuel cards. If you have been running things manually for some time now, you understand that the cost of fraudulent charges with creditors could easily cripple your finances. To avoid the charges and to lower the associated costs, you might need the fleet fuel cards. These cards reduce the fraudulent charges because once you get around the imminent matter about how to apply for a fuel card easily, you will have your drivers input their ID/ PIN number into the system before they fuel the truck. With the identity of the fueling drivers known and verified, you will have an easier time processing fraud charges, and the charges will also drop significantly.
- Accurate Records and Reports
If you are over the headache that comes with trying to process different receipts, some which may come in defaced, as you try to figure out how much your company spent on fueling monthly, the fleet fuel card will be the best thing to ever happen to your business, because it means that you will have access to an organized system of record keeping. This will also result in an in-depth reporting and analytics system, leaving you with the best system of bookkeeping.
To access all the data you need, first, log into your online account from where you will have access to all the data on fuel expenses. If you don’t want to log into the system all the time, you could sync the systems with your bookkeeping/accounting system. At the end of the day, you will enjoy the transparency and the time savings that come from the use of the reporting system.
- Greater control over spending
Every business wonders about where all the money goes to, but this could be a thing of the past for you if you use the cards because you get to track all your spending from one place easily. You could also set limits on the amount of money your drivers get to spend on fuel.
Don’t these benefits look like the best answers to your business’ biggest troubles? Well, just make sure that you choose the best fleet fuel cards on the market.