Managing the Financial Side of Commercial Fleets

Fleet FAQ? Fuel Management

Q. What are the newest data analytics tools in fuel management?

January 16, 2018, by - Also by this author

A. Data visualization is probably the hottest trend in fuel management right now. Fleets used to say, “Give us all our data.” Now they’re saying, “You have our data. Tell us what it all means.”

At WEX, we’ve developed an advanced analytics platform we call ClearView Advanced Analytics that delivers unprecedented fuel price optimization. It helps managers of a company’s vehicles identify top opportunities for fuel savings at a glance.

So, for example, using the Cost Outlier function in ClearView, managers can look at a quick chart and hone in on which drivers’ sub-optimal purchasing habits represent the greatest opportunities for savings. They can see who purchases unnecessary fuel grades, as well as those who consistently buy from high-priced merchants. Each driver’s name is a link to an individual Driver Purchasing Analysis that provides more detail—estimated savings per week, month, and per year, as well as individual transaction data.

That’s the kind of thing where we’re hearing from our customers they don’t want data, they want insight, so a lot of the charts and graphs in ClearView show them that without them having to pick through reams of data.

Author Bio

Bernie Kavanagh

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Senior Vice President and General Manager

A 27-year fleet professional, Bernie Kavanagh currently serves as Senior Vice President and General Manager of Large Fleet at WEX Inc. He joined the company in 1996 and his career has been a steady progression of increased sales and marketing responsibility. Kavanagh serves on industry related boards and is a frequent speaker at payment industry conferences focusing on fuel trends and technology in the payment space. He earned a bachelor’s degree from the College of New Jersey and is an active member of NAFA, AFLA, NCSFA and AALA. Prior to joining WEX, Kavanagh held a number of roles with Enterprise Rent-A-Car and Enterprise Fleet Management.

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