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More businesses these days are maintaining a fleet of vehicles as a more efficient means for employees to travel during and outside of working hours. In years gone by, before fleet cards became available in their present form it was a manual process of regularly collecting receipts for fuel from employees and this certainly had it’s problems; especially when receipts were lost or the service abused.
Today the more viable option for the fleet manager is to have a fleet card; the advantages and benefits present themselves to the business so that financing, maintenance of budget and convenience of use are foremost. Maybe you are also familiar with the concept of a gas card but are wondering about how it differs from the former and which option would suit your business needs? here’s a few pointers to clarify…
What is the difference between a ‘fleet card’ and a ‘gas card’?
Basically a fleet card allows fleet managers to not only purchase fuel but manage vehicle maintenance within a framework of detailed reports relating to each transaction and within a network of specified merchants. Gas cards simply allow the purchase of fuel and nothing else.
How will my business benefit from a fleet card?
* you will have full control and more efficient management of fuel purchasing and vehicle maintenence. Each transaction will be accounted for; you will know exactly how your fuel expenditure is being utilised.
* vastly reduced paperwork and no cash transactions
* you will be able to keep track of who is buying what and where
* increased security for both you, the manager, and for your employees; elimination of fraud.
* Appoint convenient fueling locations for your drivers
As`well as being aware that your business will profit from the time and money saved, be aware that a variety of fuel cards are on offer in a selection of formats such as MasterCard, BP and Arco Card. The above mentioned benefits are not exclusive to the larger organisations; if you are a smaller business with maybe just four/five vehicles the advantages will be even more apparent.
Once you have decided which card will suit your needs it is just a matter of applying, (online is more efficient), and the cards are issued normally within ten days.
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I often wonder what career choices I would make if I could turn the clock back and be sixteen once again. That’s usually the age where you begin to consider what you would like to do with your life; the funny thing is at that age you rarely ’see’ yourself beyond your twenties, even thirties. When you thought about the career path you wanted to take back then did you ever visualise yourself in that career until retirement age…? I’ll bet not. It’s incredible how shortsighted we are when young.