Fleet News

Make use of data to control fuel costs, says Mycompanyfleet

Rising fuel costs remain high on the list of fleet concerns, but Mycompanyfleet says fleet managers could control fuel costs more tightly by making better use of all available data from sources such as fuel and maintenance cards and reacting accordingly.

Mycompanyfleet says that with the increasing taxes across Europe due to the Government-imposed austerity measures in many countries, plus high demand for oil in the BRIC countries (Brazil, China, India and Russia), high fuel prices are here to stay.

Finance directors and fleet managers cannot afford to ignore this fact because it will continue to eat into business profit margins and, in an economy struggling to recover from recession, there is only so much room for passing cost increases onto corporate customers.

Instead, it says fleet managers need to analyse all available data captured through mediums such as fuel and maintenance cards, to identify areas where they need to take immediate management action.

Mycompanyfleet product development manager Paul Jackson said: “At Mycompanyfleet, we leverage this rich data to build sophisticated yet simple to understand exception reports and graphs.

“By using these, the fleet manager can quickly spot if one of his drivers is abusing a company asset, or when it’s time to dispose of one of his vans because it is costing 10% more to run per year than a younger vehicle. “

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