AI-powered integrated operations platform Motive has launched Missed Savings, a feature designed to help Motive Card customers reduce fuel costs by up to 5% or more. Fleet managers can now automatically pinpoint where drivers have missed savings and how much it is costing them.

Motive said this data-driven approach allows fleet managers to ensure drivers stop at the cheapest fueling locations rather than stopping out of habit or convenience.

Exclusively available to Motive Card customers, Missed Savings leverages shared fleet and spend management data to automatically identify any areas of wasteful fuel spending to fleet managers.

Fleets Could Save 5% on Fuel Spend

Early Motive data shows that some fleets are missing savings of as much as 5% of their fuel spend. This means that a 1,000-vehicle fleet spending approximately $1 million on fuel every month could potentially save $50,000 monthly or $600,000 annually. 

“Businesses are wasting millions of dollars on missed fuel savings per year because they don’t have access to the data needed to make smarter fuel decisions,” said Hemant Banavar, vice president of financial products at Motive. “With fuel expenditure for the trucking industry around $134 billion annually, we estimate the trucking sector alone missed out on approximately $6.7 billion in potential fuel savings last year.”

Tapping Into Fuel Price Data to Coach Drivers on Savings

Motive’s natively integrated fleet and spend management data enables fleets to maximize their savings from the Motive Card partner network.

Using its 360-degree view of vehicle location data and fuel price data, Motive analyzes the prices of fuel where drivers fill up compared to nearby other fueling stations and delivers automated reporting and coaching recommendations to help drive down costs.

Motive said with these unique insights, fleet managers can determine which of their drivers are regularly spending more than they need to on fuel and take action, such as coaching drivers to fuel up at a cheaper nearby stop or restricting card usage at perpetually higher-cost merchants. By acting on the data available, they can convert missed opportunities into savings.