Hello Everyone! We have taken a little time off from blogging on our site so that we could go through a full revamp of our website and try to gain some steam to release our new video blogs! We will be trying to do these once a week to every two weeks in hopes to explain all the questions that you may have when deciding upon a fleet card company.
Please watch our video below and let us know what questions you may have!
Video Transcript:
Hey everyone, Jesse from 360Fuelcard here. Normally I handle the social media, such as our Facebook, Twitter and blogging. Today we are actually releasing our first ever video blog. We are going to try and do one of these a week, just to give you some answers to questions that we have been asked, about our platform, about the different programs that we have. So please leave any comments and questions that you have down below and we will answer them in upcoming video blogs or just through email.
To get right into it, today I want to talk about 5 ways that a fleet card is going to save you money. We have all kinds of ways that we came up with when putting this together, but really we just wanted to list our top 5 that we see can really help our customers and our clients. This will cover all of our programs not just one, so if you have questions about a particular program, please leave a comment below so we can answer it for you.
The first way that we see our fleet cards saving you money is through the discount network that we have set up. We are a discount program, so with our programs we have different discount networks designed to help our customers. We also set up custom discount networks depending on where you are and where you fuel and what is going to best benefit you.
For our small business fleet card, which is for most of our customers, is going to allow you 20,000 discounted sites across the us with a 1% discount there. At today’s pricing that is averaging $0.035 per gallon. Now our over the road program, has about 1,500 discounted sites ranging anywhere from a few pennies to $0.40 per gallon I’ve seen at times. It has really helped out a lot of customers, we’ve actually had customers come back to us and say, “You are saving us thousands of dollars every month, why didn’t we sign up for this sooner?” So we’ve had a lot of good feedback on our programs there.
Another great way that a fleet card will help save you money is through administrative costs. It’s proven that you can save up to 15% through a fleet card due to the fact that you don’t have to go through every receipt and figure out “was this actually purchased? Are these my drivers? Was this a personal vehicle?”. It really helps consolidate everything by having an online account, and this is true for both our small business fleet card and our over the road fuel card, in having the online account and really cutting down your costs. Also a great benefit to this is, in this time of year – we are in December now – with tax season around the corner and this is really going to help prevent you bringing that shoe box of receipts to your tax preparer and having them look at you with a blank stare on their face. So it is really going to cut down on that, help them, help your company and really allow you to be more productive.
Another great way is through theft and slippage. You may know your drivers, they may be buddy, they may be your best man at your wedding, but you don’t realize, and sometimes they don’t even realize how many times they will add on just a little thing such as a coffee. They go in to pay for fuel, add on a coffee or a soda, whatever it is. They think nothing of it, but those things add up. If they are getting a coffee a day for a year, you are looking at another $350 for the year that you just added on.
So the way a fleet card comes into play there is you are able to set restrictions around your fleet card. What I mean by that, is that you are able to set restrictions such as there can only be so many transactions per day. This particular card is on a Chevy Aveo, and only has a 12 gallon tank. If it’s fueling more than 12 gallons per day, something is wrong. This is all done mathematically and through our third level data capture. With a fuel card we can actually tell how many gallons are being filled, what time of day, are they using the right vehicle, etc. It’s really going to help cut down on that, really keep you on top of it. We actually send you exceptions reports with our small business fleet card to let you know if something seems out of whack, and you can take care of it from there. It just keeps you right on level, and keeps your eye on the ball.
Along with our other discounts here, the non-fuel discounts on our small business fleet card, has really helped out a lot of companies. Like I said with theft and slippage, you can limit where your fuel card where it’s accepted such as making your drivers only pay at the pump. However, the owner can have a fuel card and open it up so they can purchase things at the postal service, they can buy tires, they could buy furniture if they wanted. The best part about that is they can take advantage of our discount network at the non-fuel locations. Those range from a few percent to ten percent at hotel chains, there’s a whole bunch and check out our website for more on that there, but that can definitely save you some money there as well.
This brings us to our final one today which is monthly billing. You may wonder how is that going to help me save money, well a lot of companies that we deal with run a tight ship. They get paid once a month from their main clients. How are they able to float this money if they need to pay weekly, bi-weekly, daily, deposit? We have a monthly billing cycle on our small business fleet card to help those companies get through the month. It allows you to not have to go borrow money, it really helps you keep your cash flow moving and allow you to keep moving as a company.
So that is all for today, just wanted to go over the 5 ways that a fleet card can save you money. Again, we have multiple programs, the small business fleet car and the over the road program. List all your questions below and let’s see how we can help you. Thanks for watching.