In the United States, trucking is a $130 billion industry—with the number one cost being fuel. Due to the high demand for this essential resource, fuel theft and fraud is a major threat in many fleet-based businesses; a problem that’s found on a global scale.
As a business owner or fleet manager, placing precautionary measures into everyday operations to detect questionable behavior and waive fuel theft will all-around protect the future of an organization. Although ensuring the safety of fuel is a complicated task, there are helpful tactics in examining the potential theft within a fleet; most involving the use of fleet cards.
Above all other options, the best method to combat fuel theft and prevent any detrimental loss in a company’s fleet profits is by using a fleet card. Fleet cards give businesses the ability to manage, limit and regulate fuel expenses performed by employees. In the long run, limits can increase overall savings in fuel expenditures upon fleet card implementation.
Fleet cards offer an easier approach in investigating details on employee purchases. Since a cardholder’s activity outlines are available at a company’s discretion, it is nearly impossible for employees to manipulate the system. Fleet cards are designed to prevent unauthorized fuel purchases through the revision of recent transactions and the investigation of any details associated with business spending.
Impac is dedicated to offering a fleet card program driven to defeat fuel theft within every fleet in the industry. Impac is designed around the need for a single-source provider for all card issuance, billing, payment and customer service.
At Impac, the possibilities are endless. Contact us today to learn how our fleet fuel card program can combat fuel theft in your organization’s future.