Q. What are the newest data analytics tools in fuel management?
A. Data visualization is probably the hottest trend in fuel management right now...
A. No, not necessarily. It may be more of a partnership opportunity as they start to get more involved in other aspects of the business. For example, we’ve been able to use a device like the one designed by Square to help out some emergency fueling partners. You can imagine the scene: There is a hurricane coming in and you’ve got a number of mobile fueling trucks set up on the side of a parking lot and they want to make sure they know who’s getting fuel at that location. They’re going to need a way to capture that information. So now, with an iPad and a Square device, we’ve programmed it so that they can accept a WEX card. They’re going to swipe that WEX card in the vehicle and capture all that data. So it’s not necessarily a threat as much as an opportunity for us to integrate with them and potentially share customers. I think they’ve got the awareness of the market. A lot of what happens in the commercial space is being driven by consumer experience. So, people want to have that same customer experience. In some ways, it pushes us to develop different applications that are more consumer-like: mobile apps and ways to pay with a mobile device, etc.
Senior Vice President and General Manager
A. Data visualization is probably the hottest trend in fuel management right now...
A. I think we always want to collect more data. Our partners and customers expect that from us...
A. Absolutely. That’s becoming a huge need in the marketplace...
A. Fraud is definitely a big issue for companies managing their fuel costs. One of the biggest issues is...
A. We are in the electric space today. We’ve got acceptance at a number of charging stations, including ChargePoint...
A. Today’s fleets are considering all types of fuels — and robust reporting on these transactions is a must...
A. Absolutely, and fuel cards are a key control...
A. Level 3 data capture is one of the fundamental ways fleet operators are able to better identify and more effectively rein in costs...
A. Fuel cards help businesses fuel their vehicles, document and analyze those fuel purchases, and limit exposure to unauthorized purchases...
A. Not all fuel cards are the same. Here are some popular criteria that fleet managers use when selecting a card program...
A. Fuel cards were designed to make it easier for businesses to pay when they fuel their vehicles. As fuel cards became more sophisticated, they also began offering businesses discounts and rebates plus the ability to track and analyze fuel purchases, creating the ability to control costs, making it easier to track expenses and enhance the bottom line without carrying cash or relying on inaccurate manual data entry.
A. We have 10.5 million WEX fuel cards in circulation worldwide...
A. We start off with basic levels of consumption: usage, trends, when they’re buying, where they’re buying. Then we’ll drill down a bit deeper to say...
A. Established in 1983, we are an industry leader known for developing technology that pioneered the closed-loop, proprietary fuel card network...
A. Not any time soon. There’s a deadline of 2020, but...
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