When it comes to resources, any company that relies on a fleet of vehicles can do worse than signing up for a fleet card. Fleet cards are, in the simplest sense, business fuel cards, allowing motorists under your charge to fuel up with ease using your company’s funds. Subscribing to such services tend to intimidate a lot of business owners, particularly ones that are new in the game. But after a little research, these business owners would find that this type of service poses more advantages than they expected.
Here are five things that you need to know about business fuel cards that would provide you with a clear idea of why these are best for business:
These cards streamline finance management
Nothing can be more aggravating than having to deal with too many statements and bills during your business’ run. Subscribing to this type of fueling service helps in making the process of finance management easier by consolidating all the fuel expenses of your company under one overall invoice. This makes it easier to monitor how much money is spent on that particular aspect of your business, making it easier to make changes if necessary.
These cards save your drivers' time
“Time is money”, as the tired old saying goes, and any person in business holds this saying to be true. Fleet cards save your drivers an incredible amount of time by giving them the option of fueling up at the closest station instead of having them choose which specific filling station is ideal to them and the allocated budget for fuel. This makes refueling a lot more efficient and convenient, and more time is devoted to productivity.
These cards provide security for both the drivers and the company
Much like credit cards, there are certain measures implemented in order to safeguard the fleet cardholder from unsavory events like theft or abuse. With security measures like cardkeys and others, it is very hard to use the it by someone who is not authorized to do so. Business owners are also protected from abusive employees through thorough monitoring.
These cards have a comprehensive reporting system
With accessibility online, business owners can always access their reports through the website of the provider as well as make changes to their accounts is needed. This puts more than a moderate amount of control in the business owner’s hands, making management far simpler and way more convenient.
These cards also provide certain discounts and rebates
Given the “Spartan” nature of this service, many people fail to see that it still do provide their clientele with special rebates and discounts not that much different from credit card rewards to their loyal customers. In essence, these deals help business owners save some more money through using the card.
No matter how you look at it, business fuel cards are the right way to go if you have a business that relies a lot on conveyance. With benefits that come at a managerial, administrative and even monetary level, it is very hard to argue against the true value of signing up for these cards. With easier transactions and more efficient management systems in place, and the right amount of security to boot, this fueling service would greatly benefit you, your business and your employees.