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. Many are. Because of the vast increase in computing power, we now carry in our pockets the ability to do almost everything our old desktop computers did, with fewer exceptions every day. You wouldn’t want to render an Excel spreadsheet on your phone, for example, but our ClearView app makes that same data look readable in charts and graphs. You probably wouldn’t want an entire exception report texted to you, but we can send you an automatic email alert and ping your phone when a driver is caught doing something you don’t want them to do. And while a penny or two doesn’t seem like a lot, we have apps that make it easier to find the lowest-price fueling station without consulting a map or a long list, and without missing that savings opportunity. Is there something you now do only on your desktop that you wish you could do in the field? Chances are we are working on it at WEX. Mobility is everything for companies with vehicles, so our products have to be able to be used anywhere. Fleet SmartHub and Fleet DriverDash are two such mobile products that help fleets manage their workflow whether in or out of the office. DriverDash was developed in concert with some of the largest oil brands in the world, so we believe that product will have a very long lifecycle and some of the best functionality in the mobile fuel payments space. SmartHub basically lets the fleet manager take everything off his or her desktop and into the field.
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. Not all fuel cards are the same. Here are some popular criteria that fleet managers use when selecting a card program...
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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