How can a fuel card save my business money?
- Details
- 18 December 2015
Do you have a fleet of company vehicles that are used regularly? If so, you should consider purchasing a fuel card, because it can save your company cash.
Not only do fuel cards keep more of your business' funds in the bank, but they also help to consolidate your fuel spending in one place, while allowing you to trace and control the amount employees spend on fuel.
In fact, saving money is only one of the many benefits of having a fuel card. We’ve come up with some other reasons why you should get a fuel card for your business, and have shared these tips below.
What is a fuel card?
A fuel card is generally used in businesses to help pay for petrol or other vehicle maintenance and expenses.
A fuel card works by letting drivers pay for petrol with their card, with the bill going directly to the owner of the business in a monthly invoice.
Fuel cards can save you money
If you know where your employees are spending their money on bulk fuel and how much they are spending, you can improve the efficiency of your fleet’s fuelling processes.
By monitoring on site refuelling activity and looking at the monthly fuel reports, you can analyse the time, mileage, location and fuel costs made. It also allows you to check mileage against fuel costs so you can budget fuelling costs more accurately.
By issuing fuel cards in your business, you can understand route costs more efficiently and calculate whether your employees should be taking a different route. This, in turn, can save you money.
Other benefits of fuel cards
Flexibility
Unlike with a company credit card, you can limit what your employees buy to specific items, such as vehicle maintenance, car wash services, and of course, refuelling.
Security
Fuel cards, like the BP fuel cards, come with regular security options, such as knowing a PIN in order to be able to use it.
Control
Fuel cards can be linked to a certain person or vehicle, allowing you to rest easy, knowing the money is only being spent on your company cars.
Traceability
By using a bulk fuel card, you can track information such as fuel capacity, time and location of fuelling.
Convenience
Because you’re billed in one monthly invoice, you can easily manage your fuel spending.
If you want to learn more about how a fuel card can benefit your business, and why we are the best bulk fuel suppliers for your fleet, contact us here at Bulk Fuel Australia.
