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. Vehicles will always need to be fueled. That may be through traditional gas and diesel, alternative fuels, electricity. We will need some mechanisms to activate, capture, bill and report those transactions. If you think about the connected car world, there are probably a lot of integration points we explore today to see how the payment mechanism is tied to the vehicle. The OTR market is somewhat advanced. They have some of the Tier 1 truck shops that, as you drive through the line, use RFID to import information from your vehicle and activate the pump for you. It knows the controls you’re allowed. You just walk off with your truck and you’re done. So it has got all the information. But this is a very isolated example. It is very different to pull up to a fueling location that has 12 pumps all within 20 feet of you. Which pump are you going to turn on? What data are you going to capture? But we know that things will change with technology, and we will figure out a way to do that. At some point, it may just be right in the vehicle. And there’s also the opportunity to tie the vehicle to a mobile device. What I want as an employee and a fleet manager is for that to be integrated all together.
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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