Fleet fuel cards are powerful tools for organizations to save money, mitigate fraudulent transactions, and reduce driver misuse. Integrating telematics data with fleet fuel card statements can take that control to the next level by revealing exactly how driver behavior is impacting your bottom line. Maintaining awareness of this intelligence is incredibly impactful because a driver’s decisions behind the wheel can impact fuel efficiency by as much as 33%[1], which translates directly into dollars for your company.

 

4 Ways That Combining Fuel Card and Telematics Saves Money

03.1.16

Telematics Can Save You MoneyFleet fuel cards are powerful tools for organizations to save money, mitigate fraudulent transactions, and reduce driver misuse. Integrating telematics data with fleet fuel card statements can take that control to the next level by revealing exactly how driver behavior is impacting your bottom line. Maintaining awareness of this intelligence is incredibly impactful because a driver’s decisions behind the wheel can impact fuel efficiency by as much as 33%[1], which translates directly into dollars for your company.

Here are four ways that fleet fuel card and telematics data helps your company: 

  1. Generate accurate MPG readings.

Fleet fuel cards can report gallons and average MPG based on mileage and vehicle type, but total accuracy has long depended on the driver to record the odometer reading at the stop as well. With telematics integrated, you get an accurate odometer report that can be used to generate an accurate MPG record. That information is vital for identifying how driver behavior is impacting costs, and even for keeping track of the performance health of the vehicle.

2.  Spot and mitigate fraud by lining up GPS and fueling data.

Fuel cards have plenty of preventative measures built in to ensure your security isn’t compromised. They allow you to set customized usage controls to limit fraudulent driver behavior. By assigning each card to its vehicle and driver, and pairing fueling records with GPS data generated by telematics components in the vehicle, you gain indisputable confirmation that each card is used exactly and only as allowed.

 3. Simplify IFTA reporting compliance for your OTR vehicles.

IFTA requires that if you buy fuel in one state but do a portion of the drive in another state, your business is liable to be taxed on miles driven in the non-purchase state. In this case, it is necessary to cross-reference GPS and fuel card data to input accurate information in quarterly tax filings.

4. Track your carbon footprint.

Many – if not most – individuals and organizations have at least begun to pay attention to their ecological impact. Monitoring fuel use and driver behavior can be important to supporting the organization’s sustainability efforts and communicating responsibility to the public.

Bottom line, integrating your fuel card with GPS fleet tracking technology is your most objective means of tracking, monitoring and analyzing fleet operations and fuel consumption. The numbers can confirm your drivers are performing optimally and as reported. You can pursue additional measures that your fleet can take to be as efficient and accurate as possible. 

Let the numbers paint the clearest picture. Contact us to learn more about telematics and GPS integration. 

[1]EPA reporting