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.It’s an umbrella term that really encompasses a lot, depending on who is speaking.
Is it driver assist technology? Is it autonomous vehicles? Navigation and traffic apps? EV charging? Payments? Emergency road service? It’s all of those things, and will become a lot more, as the demand for connectivity naturally follows us into our vehicles. Most of this technology is developing. Some is in market today. All of it is pretty new and exciting.
Mobile payments is where WEX plays the strongest, based on our relationships with the biggest fuel providers, and we are developing a number of functionalities for DriverDash that will help fleets move more quickly and transparently.
Telematics is GPS-enabled technology that gives you a view into your operations on the road, and that connectivity certainly provides a lot of data to fleet managers that builds off their fleet card data.
WEX and ChargePoint recently teamed up on a payments solution for the growing number of fleets needing electric charges. You can’t get much more “connected” than plugging in a vehicle.
Certainly those are the ones we know most about. When it comes to autonomous vehicles, it’s still very early days and we are looking at a number of different use cases for fleets where this could be helpful.
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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