Streamline Fuel Expenses with Fleet Cards

By Published On: October 23, 2023Categories: Daily Market News & Insights

Fuel costs can be a significant concern for fleet owners and administrators. Ever wondered if your drivers are using their company cards to buy fuel or Fritos? With fleet cards, you can have confidence in what your drivers are buying.

Fleet cards are a powerful tool, offering a robust solution for sourcing and effectively managing fuel expenses. They empower fleet owners to regain control over their expenditures and streamline fuel expenses. In an era where every penny counts, having a fleet card program in place has become indispensable.

Tailored Solutions, Not One-Size-Fits-All

Fleet cards are not one-size-fits-all. They can be tailored to specific needs, whether companies are dealing with long-distance refueling or the hassle of managing numerous fuel receipts.

When evaluating fleet cards, it’s crucial to consider pricing, but other factors matter as well. Other elements should include the card network, cost control mechanisms, user-friendliness, and data accessibility. Some fleet owners may need a straightforward data management solution, while others might require a more comprehensive program with advanced features. You can learn more about the types of fleet cards here.

Users Categories

The suitability of fleet cards can vary based on your business type. Industries like construction and public utilities may prioritize robust data tracking and a broad fuel network, while salespeople or individuals driving personal vehicles might seek convenience and flexibility.

Industrial: Industries like delivery, mining, construction, and public utilities usually prioritize fuel tracking, control, and transaction data. They often require a broad network for diesel fuel and robust data consolidation capabilities. Because these fleets typically also have their own on-site tanks, consolidation of data is important. When using a fleet card, they prioritize broad access and synchronization with their backyard tank data.

Professional: This category includes salespersons, inspectors, and individuals driving personal vehicles. Their needs focus on convenience, with a preference for well-lit retail facilities. Universal cards covering a wide range of retail locations and services are usually the best fit for this group.

 

Controls

Fleet cards are specially crafted to cater to the needs of businesses with several vehicles. They provide the opportunity to save on fuel and track expenses, manage spending limits, and gather detailed reports about the fleet’s activity.

Beyond their use for payments at the gas station, these cards yield comprehensive data that helps business owners and fleet managers control fuel expenses — they allow companies to Implement transaction limitations based on driver IDs, time of day, or other criteria to prevent misuse and fraud.

Fleet cards are a smart way to manage fuel expenses efficiently. Consider your unique needs, evaluate pricing, and understand how different cards work to find the right fit. By using the right fleet card program, you can save on fuel costs and have better control over your fleet, leading to improved efficiency and savings.

Mansfield: Your Fleet Card Solution

Mansfield stands as a leader in the fleet card industry, serving diverse commercial and government clients. Processing millions of transactions annually, Mansfield customizes fleet card programs to your specific requirements, whether you have a small or large fleet.

Simplify fuel expenses with fleet cards and drive efficiency in your business operations. Contact us today!

 

This article is part of Daily Market News & Insights

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The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

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