Fleet News

How will the new generation of fuel cards enable fleet managers?

Advertisement feature from Masternaut

Expenditure on fuel typically represents a large proportion of fleet operating costs. Whilst fuel cards have historically enabled fleet managers to monitor and manage fuel expenses, in some ways they are a bit of a blunt instrument, since as a single toolset, they lack the ability to collect, manage and analyse a holistic set of data on fuel spend.

In reality, fuel card information becomes much more powerful with the addition of data from telematics-enabled vehicles. Collectively, the two data streams offer far better insight into how fleets are being fuelled and run.

Which is why, in partnership with Allstar, Masternaut has developed a fuel and maintenance card that combines fuel card transactions with telematics data to provide a straightforward mechanism to better manage fuel spend and minimise the risk of fraud.

By combining factors such as the address of a fuel card transaction with the concurrent location of the vehicle, the system can now identify ‘risky’ transactions, when drivers may be using a fuel card for non-approved or unknown vehicles, or when premium fuel or non-fuel items are purchased.

That information is then captured, analysed by the system and the results presented via an intuitive, web-based platform.

Complementary data streams such as these, that combine card usage, location intelligence and vehicular data can thus be used to provide a new level of insight into the nature of card use and the potential for fraud. Managers can opt to receive instant alerts on types of transactions, such as those categorised as potentially improper, as well having preconfigured or custom reports. All of which cuts down on administration time and makes the job of monitoring fuel use by vehicle and driver a much simpler and easier exercise.

Users of the new Masternaut Allstar card still receive the same range of business benefits enjoyed by other Allstar card users, including savings on diesel at 1,800 ‘discount’ outlets and access to the UK’s largest multi-branded network of 7,600 sites, including all major oil and supermarket brands. Which means minimal route deviation and driver downtime in order to refuel, further reducing fuel spend and carbon footprint.

With the benefit of two complementary data-streams that provide fleet managers with actionable insight on several levels, it might be true to say that the new Masternaut Allstar card demonstrates that the whole is greater than the sum of the parts.

To find out more, please visit masternaut.com 

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