Fuel cards are an integral part of any fleet management operation. While it’s apparent that fleet fuel cards reduce the time and cost to refuel regularly in bulk amounts, what may not be as obvious are some of the other cost saving opportunities inherent to a fleet fuel card program.
Fleet managers today face an unprecedented spread of rising costs to contend with, compounded by high price volatility and supply chain disruptions. The three big ticket cost items for fleet managers are:
Fuel is by far the largest consumable expense for businesses with a lot of vehicles on the road. While corporate credit cards can be used to pay for a broad range of expenses, fleet fuel card programs focus on lowering vehicle running costs and the logistics around keeping fleets moving, while putting guard rails around unchecked spending and reducing risk of fraud.
The best fleet fuel cards offer more to your business than alternatives like credit cards by providing additional ways for you to track and manage spending. Fuel cards help reduce fuelling time, enhance visibility into transactions and make it easier to manage your fleet, while also giving you a point of contact to call should any administrative issues arise.
Fuel cards help offset today’s unpredictable fuel prices by providing consistent savings, loyalty discounts and other bonus offers from partners designed around fleet manager and driver needs. Here are some of the ways that a fleet fuel card program can help lower your organisation’s bottom line:
Fleet fuel card programs not only simplify refueling but save on the cost of fuel and related items, streamline back-office reconciliation processes, and provide more visibility of fleet purchases in real-time, with controls for fleet managers to restrict spend per item, vehicle or person.
All of this adds up to a broader cost saving across multiple vehicle-related expenses for businesses who rely on keeping drivers moving, and on schedule.
CardLink is New Zealand’s leading provider of widely accepted fleet fuel cards, and we’d be happy to help you assess which type of fleet fuel card program would have the most impact on your bottom line. Get in touch for an obligation free chat.
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