Fleet Card Advantages
In today’s competitive marketplace, identifying ways to reduce expenses and maximize productivity are crucial components of a business’ success. For many companies, fuel can be one of the most overlooked expenses, however the use of fleet cards is becoming an effective solution to analyze this matter.
Fleet cards pose as management tools that allow business owners to control fuel expenses initiated by their employees. These credit cards’ capabilities can help a company with as few as two vehicles achieve a fair percent savings in fuel expenditures within the first year of implementation.
Fleet cards offer companies detailed reporting on a cardholder’s purchase history that a typical gas card does not provide. An automatic single invoice, e-receipt based, eliminates time wasted on organizing reimbursement checks. Additionally, the cards can reveal useful information about employees, like underperforming vehicles.
Fleet cards can habilitate cost-control restrictions, imposed by a business owner, resulting in fuel theft control and the prevention of unauthorized behavior. A set of restrictions can be unique to each driver and any questionable activity, such as purchasing after-hours, can be addressed or rectified immediately.
Fleet cards also offer employee support to ensure drivers are not expected to use their own money for work expenses, reducing the worries associated with tracking receipts and reimbursements - ultimately, liberating smoother operations for the business.
Impac provides the most comprehensive tracking and reporting fleet card program in the industry today. Our cards are tailored to meet a company’s specific needs, aiding them in tax exemption, discount processing, online system access, and card level purchase controls.
Contact Impac today to further discuss the advantages of fleet cards and how our program can be of benefit to your organization.