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. I think we always want to collect more data. Our partners and customers expect that from us. We’ve got a very robust dataset on fueling and fueling transactions. We partner with lots of outside agencies to obtain more fueling data. We’re kind of the system of record when it comes to fueling transactions.
But now, people are seeing the need for other pieces of data to tie into that. The fueling data is, for the most part, an asset-based piece of data.
You’re tracking a vehicle, you’re tracking a tool. But now people also want to track the driver and monitor driver safety, the behaviors of the drivers. And those two pieces, independent of each other, are very valuable. When you’re putting them together, you’re starting to get a better picture of what happens in the day of the life.
I have got a company, an employee and a company-owned asset working on my behalf. I want to know everything about what’s happening so I can keep them safe, be more efficient, be able to drive more revenues, whatever that role might be.
Those data sets lend itself to tools that help you manage your fleet better.
Senior Vice President and General Manager
A. Data visualization is probably the hottest trend in fuel management right now...
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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