Defeat Fuel Theft: Fuel Cards & Tracking Systems-Impac

Defeat Fuel Theft: Fuel Cards & Tracking Systems

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Defeat Fuel Theft: Fuel Cards & Tracking Systems-Impac A rising and recurring issue with fleets has been fuel theft.

Fuel theft can cost fleet companies significant amounts of money. However, fleet companies can become educated and aware of the fuel theft efforts that may occur within their operations to prevent such costs.

The three components that fall under the fuel theft umbrella include misuse, slippage and theft; misuse is when employees use company resources for personal gain, like fueling a personal vehicle with the company’s money; slippage is when an employee uses company dollars to purchase non-fuel items, like food; and theft is perpetrated by a third-party and may include stolen or skimmed card data.

Although the three forms vary from company to company, all equate to overall fuel theft.

Regular monitoring of employee actions through enhanced technology have helped detect and eliminate situations of fraud for fleets.

Fleet fuel cards present fleet companies with an innovative and easy approach to identify unauthorized employee behavior. A fleet owner or operator has the ability to set customized restrictions unique to each driver–including types of purchases, how much money that can be spent per day and where drivers can make purchases.

Defeat Fuel Theft: Fuel Cards & Tracking Systems-Impac

Along with instantaneous alerts, fleet card systems provide detailed reports that outline the specifics of each purchase made by cardholders. Due to the accuracy and reliability of the system, the administrative task of matching and organizing reimbursement checks is therefore neglected–ultimately saving the company wasted time.

In addition to utilizing fuel cards to conquer fraud, GPS tracking and reporting systems can show real-time employee location and has the potential to reveal important information, like underperforming vehicles or poor habits of drivers. This information can be used to track down the employees who may be responsible for such behavior and alter the issue almost immediately.

Contact Impac for a comprehensive solution to fleet fuel theft through fleet fuel cards and GPS tracking and reporting systems.

The Best Method to Combat Fuel Theft-Impac

The Best Method to Combat Fuel Theft

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The Best Method to Combat Fuel Theft-Impac 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.

The Best Method to Combat Fuel Theft-Impac

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.