Fuel cards are a simple way to reduce fleet fuel costs
- 16 June 2017
Fuel is one of the largest expenses for businesses, especially for those who utilise fleet vehicles. According to a recent study from CANSTAR, the rising price of fuel is a major concern with 78% of small business owners claiming they closely monitor the cost of fuel, and their use of it, in order to reduce costs. Small businesses are currently spending $1,088 on fuel every month, with the cost escalating dramatically for those who rely on transportation.
Luckily, 74% of those same respondents said using fuel cards saved them money in the long-run. If you’re a business, looking to cut down on fuel expenses, here’s how integrating fuel cards and fleet management systems can keep your fleet running, while improving traceability and control.
How do fuel cards work?
Fuel cards are like a credit card, but are exclusively for fuel consumption. It allows you to consolidate all your fuel expenses into a single account, with the business owner billed once a month for all transactions. This allows you to keep your fleet on the road and track unnecessary spending.
Benefits of fuel cards for your business
Flexibility and convenience
Fuel cards allow you to reduce your receipt and paper trail with one consolidated statement which covers all vehicles in your fleet. You can also opt for a Pre-Paid Fuel Card Account and limit purchases to fuel only or allow for non-fuel extras to help reduce fleet down-time including café purchases, car wash, and vehicle maintenance items such as tyres and batteries.
Business owners can opt for a range of security options to help reduce fraud, including PIN, odometer readings, or maximum purchase limits. Along with efficient reporting that track each purchase, you’ll also be able to easily detect fraudulent spending and fix it with minimum impact to your business.
Transparency and traceability
Get a handle on how much your vehicles and equipment are costing you with traceability features which tell you the date, time, location, odometer, volume and fuel capacity of each individual vehicle.
Control who gets to spend
Got a lot of staff on the road? Fuel cards can be assigned to vehicle or individual. If you’ve got a multiple drivers using one vehicle, you can designate the card to vehicle, whereas a personalised card is ideal for staff with company cars or regular travellers who use hire cars.
Saving further on operating costs with barcode capability
Along with fuel cards, Bulk Fuel Australia also offers Bar Code Identification to improve safety and tracking of machinery and equipment. If you’ve got on-site equipment, the barcode labelling system accurately records the fuel delivered to each piece of plant and equipment on site. In your detailed report, our IT system will capture your fuel usage, plant ID, order number, engine hours and more.
Excellent service with a focus on optimal safety is what Bulk Fuel Australia is all about. If you’re looking to reduce fuel costs for your fleet, contact us today to discuss fuel card solution for your business. Call 1300 57 9990.