How Limits - Impac - March14

Mitigating Fleet Risk: How to Set Fuel Card Limits

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Setting fuel card limits can increase business productivity and help mitigate fleet risk. The automotive fleet industry benefits from implementing company regulations on driver purchases. Below are steps to choosing and setting up fuel card limits to best fit a company’s needs.

Determine How to Assign the Fuel Cards

A company can either assign the fleet card to an individual driver or to a vehicle. If employees drive different vehicles each day or a company has high turnover rates, it might be best to assign fuel cards to a vehicle. To do this effectively, the company should assign each employee a unique pin number usable on every company card. This identifies what driver fueled the vehicle registered to the card.

If an employee drives the same vehicle daily, it is best to assign the fuel card to the driver. Assigning the fuel card to a driver allows management to easily monitor spending habits of employees.

Setting Up Fuel Card Controls

Making sure a fuel card has limits set in place keeps drivers from making unnecessary purchases and expenditures. A company can enforce limits to restrict suspicious activity but still allow drivers to travel efficiently.

First, ensure the fuel card is only able to purchase fuel. This keeps employees from purchasing convenience store items with company money. 

Other basic fueling controls include gallon or dollar limits per transaction, time of day or day of week, limits number of transactions per day and fuel type. Controls should reflect the needs of a company, giving management to impose stricter or relaxed limits based on employee spending habits.

It is important to note the controls are tied to the driver, regardless of if the card is attached to the driver or vehicle. Management is responsible for enrolling all drivers in the program with correct controls to mitigate risk.  

Get Access to Purchase Information

How is the Fleet Industry Changing in the New Year?-Impac

Purchase alerts allow a company to stay updated with a driver’s spending. These alerts send notifications if a driver attempts to make an unauthorized purchase. For example, if a driver tries to purchase more gallons than assigned, Impac’s customer service team notifies management with text and email alerts.

Being able to monitor all purchases online is also crucial. This allows a company to check spending in real time, taking action to increase productivity and cut unnecessary costs. 

The Bottom Line

Fuels cards are an easy and effective way to mitigate risks associated with money. At Impac, our comprehensive fuel card program offers customizable limits for fleet companies and notifies managers of unauthorized behavior. Impac’s customer service team helps determine ideal limits of individual companies and customizes restrictions based on need. 

In the next article of our series, “How to Run an Efficient Customer Service Department”, you can discover how to implement strategies within the customer service department to increase efficiency. 

Safety Programs for a Better Fleet - Impac

Safety Programs for a Better Fleet

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Establishing an effective safety program is key to ensuring the protection of all drivers, vehicles and assets within a fleet company.

Because safety is an ongoing effort in the fleet industry, there is always a reason to improve company safety programs to reduce driver accidents while increasing overall fleet productivity and efficiency. 

Safety Programs for a Better Fleet - Impac Fleet

Solidify the Policy

For every safety program, there is a well-established policy put into place that lays the groundwork for enhanced fleet management. Fleet owners must create a clear policy as to what is expected behavior from their fleet drivers. With that being said, manager-to-employee communication is of upmost importance when attempting to improve safety programs. 

Stay Active

When it comes to safety programs, it is important for fleet drivers to consistently review and analyze all company policies and documents pertaining to safety. Fleet policies should never remain static. The fleet policy in place needs to stay up-to-date to address new safety challenges as the years move forward. 

Using Technology 

Safety Programs for a Better Fleet - Impac Fleet

Today, fleet safety programs have been transformed through innovative technology. Technologies can be used to review driver performance, such as fleet fuel cards and GPS tracking and reporting systems. When fleet owners use telematics data to monitor their drivers and provide feedback, improved safety programs become a dual effort.

Unfortunately, accidents will happen in the industry. However, a company can reduce their number of preventable accidents to reduce their largest exposure. 

Impac offers a fleet fuel card program, and GPS tracking and reporting system aimed to all-around improve the safety programs of fleet companies, small or large. 

If you’re looking to take your fleet to the next level of safety, contact Impac today. 

Fleet Management Explained-Impac

Fleet Management Explained

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Fleet Management Explained-ImpacFor a fleet manager new to the industry or looking to expand their current services, understanding the ins and outs of fleet management is the first step in optimizing costs, risks and efficiency within fleet operations.

Many fleet organizations rely on fleet management tactics–typically serviced by the fleet manager–to control company costs, maximize profitability, and mitigate risks of their fleet vehicles. Here a few ways effective fleet management can influence the overall success rate of the fleet:

Vehicle Safety – To reduce distracted driving and decrease the amount of injury claims within a fleet, implementing a reliable GPS system tool can provide safe road routing and signs of needed vehicle maintenance.

Operational Efficiency – When it comes to vehicle and asset utilization, GPS tracking systems as an effective management tool. Fleet businesses are able then to know when a truck arrives at its destination.

Driver Regulation – Implementing a GPS tracking and report system into daily operations can detect unauthorized driver behavior like vehicle idling. Fleet Management Explained-Impac

Fuel Management – Fleet managers can help eliminate drivers from abusing company fuel spend through fuel fleet cards. These cards can be integrated with GPS systems to match fuel purchases with real-time vehicle locations–verifying fuel usage.

Impac offers both a comprehensive fleet fuel card program and a cost-effective GPS tracking solution to allow improved fleet management within companies of any size in the industry.

At Impac, our fleet cards provide online system access and purchase controls to prevent criminal behaviors like fuel theft. In addition, these cards will save time wasted on rummaging through purchase receipts–ultimately allowing a shift of focus to company profitability. Our GPS systems are convenient through its web-based software that offers real-time tracking for both in-vehicle hardware as well as handheld devices of all kinds.

Call us today to learn more about how we can improve your fleet management.