Should You Use a Company Fuel Card?
Why a company fuel card? There are numerous advantages of using company fuel cards. The immediate one that strikes you is tighter control on your company’s finances and administration. A company fuel card is an ideal time reducing and specific way of monitoring your workforce’s mileage, however big or small your company is.
Once you have looked at the advantages of this you will soon be able to see how effective and powerful the reports are of using a company fuel card. It may be in the way of an employee not being able to manage their territory cost effectively, wasting fuel to drive to the nearest and most expensive petrol stations just for convenience. Another negotiable feature is motorway use for convenience, if an employee manages a large patch e.g. The North of England it is inevitable that they will spend hours up and down the motorway so this would be a necessity. Typically these kind of conveniences come at a price premium but it is definitely beneficial if your staff do long distance driving as these premiums can be reduced as the fuel companies can see the advantage of your business. For a smaller territory it may be possible to reduce costs further by not using convenience motorway petrol stations. Once you have established this you could then endeavor into looking which fuel card would suit your specific business would be suited to as some areas of the UK will have more clusters of petrol stations in each individual county.
Another recent addition to cost saving in the way of fuel cards is downloadable features to your satellite navigation. An example of this would be to connect your device to download the necessary software to find you’re nearest petrol station. This saves time again on expenses forms as there will be no “emergency fuel” expenses.
With a company fuel card you will save money, time and be able to manage more effectively.