Q. What are the newest data analytics tools in fuel management?
A. Data visualization is probably the hottest trend in fuel management right now...
A. Not all fuel cards are the same. Here are some popular criteria that fleet managers use when selecting a card program:
ACCEPTANCE: Choose a fuel card that can be used at the widest array of stations, so your drivers can fill up anywhere and have the ability to choose the lowest-priced station.
SERVICE: Do not disregard the importance of knowledgeable and friendly customer service representatives, available 24/7 to answer your questions.
MOBILE APPS: Some cards come with apps that offer the ability to monitor your credit line, purchasing activities, card status and more while on the road. Others offer the ability to easily find the closest fuel stations, the cheapest prices, service merchants and stations offering specialty fuels.
ONLINE TOOLS: Can you quickly activate and deactivate cards, set limits to automatically control and alert you on fuel, service and convenience store spending from your desktop or mobile device? Can you pay online and view back invoices?
SECURITY: Choose cards that offer the ability to use driver identification numbers to track unauthorized spending or easily manage lost or stolen cards, with email alerts triggered for any rule exceptions to better manage your fuel spending.
VIEW DATA AND REPORTS: Stop chasing down receipts and manually updating your accounting systems. Choose a fuel card with an online management system that allows you to easily view all your fuel transactions.
Senior Vice President and General Manager
A. Data visualization is probably the hottest trend in fuel management right now...
A. I think we always want to collect more data. Our partners and customers expect that from us...
A. Absolutely. That’s becoming a huge need in the marketplace...
A. Fraud is definitely a big issue for companies managing their fuel costs. One of the biggest issues is...
A. We are in the electric space today. We’ve got acceptance at a number of charging stations, including ChargePoint...
A. Today’s fleets are considering all types of fuels — and robust reporting on these transactions is a must...
A. Absolutely, and fuel cards are a key control...
A. Level 3 data capture is one of the fundamental ways fleet operators are able to better identify and more effectively rein in costs...
A. Fuel cards help businesses fuel their vehicles, document and analyze those fuel purchases, and limit exposure to unauthorized purchases...
A. Fuel cards were designed to make it easier for businesses to pay when they fuel their vehicles. As fuel cards became more sophisticated, they also began offering businesses discounts and rebates plus the ability to track and analyze fuel purchases, creating the ability to control costs, making it easier to track expenses and enhance the bottom line without carrying cash or relying on inaccurate manual data entry.
A. We have 10.5 million WEX fuel cards in circulation worldwide...
A. We start off with basic levels of consumption: usage, trends, when they’re buying, where they’re buying. Then we’ll drill down a bit deeper to say...
A. Established in 1983, we are an industry leader known for developing technology that pioneered the closed-loop, proprietary fuel card network...
A. Not any time soon. There’s a deadline of 2020, but...
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