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. The single biggest mistake we see is to view parts of your fleet operation independent of each other. Anyone can focus exclusively on fuel costs, but if that comes at the expense of driver diversion, it’s not worth it. Focusing on the type of vehicles for your work without taking into account maintenance costs is short sighted. The information is out there, and it’s incumbent upon fleet professionals to work with companies that can not only aggregate the data, but analyze it and make recommendations to better operate your fleet. A perfect example of this is our ClearView product, which is software we developed in collaboration with our largest fleet customers that offers managers their data as visualization charts, as opposed to a spreadsheet. So, imagine, instead of telling fleets just what happened, which is what most data analytics does, ClearView can show you what might happen, based on trends and benchmarks. And we can also show you things that you would never see in a stack of spreadsheets, or which would take you hundreds of expensive staff hours to find, because ClearView charts are intuitive, easy to look at, and customizable. Maybe it’s exception reporting: Which drivers overspent our limits last week, last month, yesterday? Maybe it’s overall fleet MPG: Compare my spend month-to-month or year-to-year. If you have the data, we can show it to you in ways that are actionable, helping you make more informed decisions.
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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