The Benefits of a Managed Fuel Card for Large Fleets

The Benefits of a Managed Fuel Card for Large Fleets

If you’re in the middle of researching and trying to find the best fleet fuel card for your business, there’s a good chance you’re feeling a bit stuck, especially if your business has a large fleet. With so many fuel providers out there, how do you know which is the best for your business? Every business looks for something different in a fuel card, whether that’s the ability to use the card anywhere across Australia, to good pump-price discounts, better management and control over fuel spending, the most modern GPS telematics, or great network discounts across maintenance, servicing, tires, repairs and so on.

Yet perhaps one thing you haven’t considered – but certainly should – is how well the fuel card provider can help manage your account. As a large fleet owner, chances are you don’t have the time to be waiting in a phone queue trying to reach customer service, speaking to a different customer service representative each time. You probably don’t have the time to be negotiating fuel discounts, or having to create your own fuel card report by hand with the data they provide you. The good news is with the right fleet card provider, you don’t have to. In this article, we’ll be looking into how your business can benefit from a tailored service of a managed fuel card.

4 Benefits of a Managed Fuel Card

Dedicated Account Manager

Perhaps one of the greatest benefits of a managed fuel card is that you can have your own dedicated account manager that provides solutions specifically designed for your fleet management needs. A dedicated account manager can work to create a solution to optimise your fleet’s efficiency and ensure your vehicles remain on the road and your business running smoothly.
A dedicated account manager will take the time to listen to your company, get a greater understanding of your business issues and deep dive into the goals you want to achieve. Then, they’ll be able to create bespoke solutions tailored to your business, which will ultimately help you increase revenue and run your business more efficiently.
There’s also the convenience factor of having a dedicated fuel card account manager and our account accessible at a time that’s convenient for you. This means no more waiting in phone queues to speak to a different customer service representative every time who has no idea about you or your business.

Lock-In Fuel Discounts

While there are several fuel card providers out there that offer fuel discounts, chances are you’re more interested in being able to lock in a price across a termed contract. With a large fleet you’re buying large amounts of fuel, having peace of mind that you know what you’ll be paying for fuel for the next year or two – no matter what the market does – is vital.

Having a dedicated account manager who will work with you to lock in a fuel price allows you to better budget your fuel expenses, manage your cash flow and predict your revenue without the fluctuating price of fuel throwing off your profit forecasts.

Customised Reporting

Customised reporting is a major benefit for large businesses with large fleets, but it’s not something all fuel card providers offer. While some fuel card providers offer certain types of custom reporting, it’s likely they won’t offer the exact dataset and insights you need in one ready-to-go report. When you choose a managed fuel card provider, you can ask them for customised transaction reporting that will help you grow your business and improve product performance.

Customised reporting will also help you easily integrate data with your existing processes, while comprehensive accounting information can help provide a seamless product to manage. Not to mention you can also request customised exception reporting for unusual activity – for example the fuel card being used outside business days or suspicious fuel purchases.

Essentially, a managed fuel card account with a dedicated account manager will benefit your business by providing you detailed insights into your fuel card expenses, helping you make better business decisions and uncover ways you can improve on your fleet-related spending.

Branded Fuel Cards

A branded card might not be something you first think about when choosing a fuel card provider, but it’s actually a fantastic way for your brand to generate awareness and remain top-of-mind with potential clients. With your own branded fuel card versus a card with the generic branding of the fuel card provider, you will also be projecting a more professional and elite image of your business and highlighting your company as leaders in the field (and showing that you’re important enough to have your own branded fuel card!)