Masternaut and Allstar Business Solutions have joined forces to launch a fuel card.
Masternaut’s Fuel and Maintenance card links straight into its telematics platform, providing alerts on misuse and automatic reports to save time and money.
By combining a software platform, location data, and fuel cards, the Fuel and Maintenance card aims to give HR, fleet managers and operations managers the tools to save time and money.
Fuel, an already costly element of running a business, can be an area open to error or fraud, says Masternaut. When asked, 19% of drivers admitted they guestimate the distances they have driven and 36% said they intentionally overclaim on business related expenses.
Fuel cards, used to pay for 20% of transactions at petrol stations, offer a first line of defence and control against misuse, linked to a driver or vehicle, says Masternaut. But, with the addition of telematics data, managers can now have a superior level of control and insight into expenditure.
The new Masternaut Fuel and Maintenance card has been designed to simplify claims and identify misuse, by combining fuel card data with Masternaut’s vehicle tracking data. It is integrated with Masternaut Connect and provides auto-reporting on any discrepancies.
Card users will receive the same benefits as Allstar’s card users: they can make savings on diesel at 1,800 discounted sites and they have access to a network of over 7,700 sites, including all major oil and supermarket brands.
In addition, users of the card will have access to pre-negotiated discounted rates on labour and parts from over 9,000 garages and an online booking service.
Mike Hemming, Masternaut’s UK professional services director, said: “Fuel represents a large chunk of a fleet’s operating cost, and it can be very time-intensive and manual to analyse fuel misuse and over-claiming.
“The true integration between Masternaut fuel cards and our Connect platform will cut your admin time by instantly highlighting any discrepancies straight to your inbox.”
Tony Murtagh, director of sales at Allstar, said: “We’re delighted to be partnering with Masternaut on this intelligent new fuel and maintenance card solution.
“The combined data and analytics that customers will be able to benefit from will provide a 360 degree view of fuel spending and usage, enabling identification of weak points and inefficiencies that can swiftly be improved to reduce spend and increase productivity to the benefit of both drivers and managers.”
Dhruv Parekh, Masternaut’s CEO, added: “We’re passionate about helping our customers be smarter about savings. Through automating manual tasks, lowering wasteful behavior, reducing unnecessary claims, and through discounted maintenance pricing, many of our customers are seeing substantial savings.
“The holistic view Masternaut provides on distance traveled, fuel misuse, and mileage expenses enables businesses to reduce their fleet's total cost of ownership.”