Unlocking Savings – How Fleet Fuel Card Discounts Can Benefit Your Business
Fuel cards are an essential tool for fleet managers. However, choosing the best card requires careful consideration of card fees, card acceptance, and network coverage.
Trucking companies and owner-operators strive to maximize profits by controlling costs. Fleet fuel cards can help by providing gallon discounts on diesel fuel, purchase controls, and other perks.
Save Money on Fuel
Fleet fuel cards can help small to mid-sized trucking companies streamline operational and management costs. Rather than having individual drivers use personal credit cards to cover company expenses, which can impact their credit and create risk for the company, a fleet card will allow them to manage expenses and fuel in a single place with real-time reporting and fraud prevention.
The right card can also save money by providing truckers access to exclusive fleet fuel card discounts on gas and truck stop services. By researching and asking questions, fleet managers can ensure they choose the best card for their business. Look for zero transaction fees in-network, a fuel locator feature that covers your routes, and additional benefits like tire discounts to reduce operating costs.
Owner-operators and OTR trucking companies work on tight margins so that any savings can significantly impact their bottom line. A fuel card can help improve profits with cost savings, increased fueling convenience, and fraud protection. The best cards can even upload purchase data into your accounting system for quicker bookkeeping processes.
Increase Fuel Convenience
Fuel is a significant expense for professional trucking companies, and with the prices rising, getting the best discounts is essential. However, many fuel cards come with fees that can add up to a significant amount over time, so choosing the right card is essential.
Fleet managers must consider regional fueling station availability, discount level, fee structure, and controls when selecting a fuel card. In addition, some cards offer additional benefits such as loyalty or rewards points. These extra features can help save the business money or provide workers with more perks.
Another factor to consider is the card’s ability to track usage and generate reports in real-time, which can eliminate the need for manual receipts and streamline the accounting process. Depending on the size of your fleet, look for a card that allows you to select a driver or unit number during the purchase process to simplify tracking and reporting metrics. This feature also helps you to avoid paying for fuel by an unauthorized employee or contractor and protects against fraud.
Save on Maintenance
Monitoring your fleet’s expenses is crucial if you’re a trucking business owner. With fuel prices as high as they were this past summer, you must do everything you can to save money on gas and other maintenance costs.
A fleet fuel card can help you take control of your business expenses with robust features that include real-time reports, spending limits, and the ability to flag specific charges for review. Fleet cards also allow you to set limits for non-fuel purchases like food, lubricants, and vehicle washes.
Fleet cards are an excellent way for trucking companies to improve their financial and operational efficiency by simplifying their reporting, billing, and payment processes. But not all fuel cards are created equal, so it’s essential to understand how they work and the cost-saving potential they offer before choosing one. Be sure to consider the region, discounts, fee structure, and controls when deciding on a fleet fuel card for your company. It will ensure you’re getting the most out of your card.
Save on Fuel Expenses
A business fuel card is a powerful tool to consolidate fleet expenses while providing savings on gas and diesel. However, most people associate fleet cards with fuel rebates and need to realize they can do much more for businesses than save money at the pump.
Fleet managers and owner-operators often choose to use a business fuel card for more than just saving on the cost of fuel. They also find that the consolidated reporting, expense management, and security features they get with a business fuel card can help streamline operations and improve their bottom line.
Ensure your fleet card offers real-time data and easy-to-read reports that give you the necessary information to make intelligent decisions. And don’t settle for a closed loop card that limits your team to stations along their routes. Instead, choose an open-loop fleet card that works at all service stations and makes it easy for drivers to find the best price on their route. Then, select a card that lets drivers control spending limits for fuel and non-fuel purchases to avoid unwanted expenses.
Reduce Fraud
Fleet cards offer many benefits that can save trucking owners money and make it easier to manage their business. However, to get the most ROI from a fuel card program, owner-operators must carefully consider all the fees involved before choosing a card. Cards that don’t have hidden fees and provide easy-to-understand monthly statements can help you maximize your savings on fuel.
Additionally, the purchase controls and data analytics fleet fuel cards can be a powerful tool in controlling what is often one of the most oversized line items on company budgets. Fleet managers can quickly identify and address any suspicious activity by requiring drivers to enter a PIN and tracking every transaction.
In addition to eliminating the need for piles of receipts, some fleet fuel cards will even track every purchase online in real time, making it easy to spot trends and quickly resolve any issues. Be sure to choose a fuel card that works with stations along your most-used routes and offers additional benefits like cashback or loyalty rewards to help your company save even more money.
