亚洲色吧

If vehicles are a part of your business, fuel costs likely make up a big portion of your overall expenses. It鈥檚 also a place where theft often occurs.

Fuel theft isn鈥檛 just about siphoning fuel from a vehicle (although that certainly happens). It extends to instances where employees misuse the company gas card or drive company vehicles for personal use, contributing to the challenge of reducing fleet fuel costs. 

亚洲色吧 provides different tools to help you identify behaviors that could indicate fuel theft, so you can take action. Let鈥檚 start at the first level of protection鈥攜our fleet fuel card. 

1. Fleet cards provide greater visibility into expenses

Employees using a 亚洲色吧 Fleet Card are required to enter an ID number at the pump before a fuel purchase is authorized. They鈥檙e also prompted to enter the vehicle鈥檚 current odometer reading. This base level of input is beyond the security provided by an ordinary credit card.

These data points鈥攁lso known as Level 3 data鈥攇ive you greater visibility into your fuel expenses. You know who buys the fuel. You know how far they鈥檝e driven since their last fill-up. You know what type of fuel they purchase. This makes it easier to spot spending anomalies that could indicate theft. For example, two fill-ups in a single day or multiple fill-ups that don鈥檛 match the distance driven could indicate something is wrong.

亚洲色吧 Fleet Cards also enable business owners and fleet managers to enforce company spending policies, by placing limits on employee purchasing. These controls include hours of the day, days of the week, dollars per day or week, dollars per transaction, and types of product. This way, a lot of potential misuse is stopped at the pump.

2. GPS vehicle tracking for your commercial fleet helps prevent theft

GPS vehicle tracking is becoming more common, which allows managers to know where their vehicles are at all times. 亚洲色吧 Telematics helps prevent fraud by enabling you to track when and where vehicles are in use. For example, if GPS says a vehicle is at location A, but the fleet card is being used at location B, there could be a problem. You can also be notified when vehicles are used during off-hours. This information goes a long way to identifying fuel theft when and where it happens.

鈥淚t鈥檚 the combination of card data and telematics readings,鈥� said Paul Bunn, Treasurer and Chief Accounting Officer for Covenant Transportation Group, Inc. 鈥淭hat data, when reported and acted on effectively, acts as an alert to show us anything out of the ordinary.鈥�

3. Advanced analytics finds theft when it occurs

Analytics takes your fuel expense management to the next level. A product like 亚洲色吧 ClearView combines your company fleet card data with other data鈥攍ike miles driven, time and date of purchase, and fuel grade鈥攁nd identifies any anomalies. If they鈥檙e found, you鈥檙e notified to investigate further. This takes the lengthy bookkeeping process out of your hands, so you can spend more time on other areas of the business.

鈥淭he beauty of the program is the exception reporting,鈥� said Ed Finnegan, Office of Fleet Management, State of Georgia. 鈥淲e don鈥檛 have to look for wrongdoers. With two clicks, the information is right in front of us.鈥�

Whether it鈥檚 outright theft or user error, purchases that fall outside your business policies can add a significant burden to your bottom line. By combining fleet card data with analytics and premium GPS tracking, 亚洲色吧 provides several ways to help you reduce the impact of fuel theft.

亚洲色吧 speaks the language of small business operators. Whether you鈥檙e looking to modernize your insight and reporting efforts, save on fuel costs or take advantage of the latest GPS tracking technologies, 亚洲色吧 offers solutions to simplify the business of running a business. To learn more about 亚洲色吧, a dynamic and nimble global organization, please visit our About 亚洲色吧 page.

Apply for a fleet card today!

Editorial note: This article was originally published on March 4, 2020, and has been updated for this publication.