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| Stop Business Fuel Theft From Robbing Your Profits! |
23 Sep |
Not only is gas expensive to put into your fleet of vehicles, it is also expensive for your drivers. Business fuel cards can help minimize your losses.
Gas prices go up. Gas prices go down. The one thing your business can always be sure of is the fact that the fuel you use to transport your fleet will be a major part of your business expenses. The last thing you can afford is to experience regular losses due to business fuel theft from your employees, drivers or others with access to your company gas cards.
While it might have started with the apple and a snake, temptation can take on many forms. If you’ve entrusted your fleet drivers with a business gas card to keep your company vehicles gassed up and maintained, you run the risk of providing easy temptation for them to steal fuel for personal use. Personal use your business is going to end up paying for if you don’t find a way to curtail these illegal actions from taking place.
Enter fleet fueling network services. Essentially, instead of just issuing employees with standard credit cards which can be used to make purchases of anything sold at a filling station, business fleet cards can offer a wide array of protections for your company.
Fueling networks now have the capability to limit what your employees can purchase, when they purchase it, and with the right programs, even what vehicles they are purchasing fuel for. What better way to immediately stop the unauthorized sale of fuel your business pays for that gets poured into a personal vehicle?
Effective use of fleet cards can even prevent, or at worse, minimize the personal use of a company vehicle should that not be a part of the employee’s benefits package. Simply stated, the more driving they are doing for their own use, the more gas they will need to replace in their company vehicle.
By setting up notifications on usage and fuel amounts, you’ll quickly be able to determine when someone is using more than they should. Even the temptation of just using your vehicle and paying for their own fuel can be eliminated from the equation once you start using a quality fleet services program. How? By instituting odometer requirements every time your fleet cards are used, you get an immediate account for total number of miles the vehicle is traveling. At this point it’s simply a matter of mathematics to figure out a close approximation of the number of miles that vehicle should have traveled based upon the number of gallons of fuel that was purchased.
Obviously as employers we want to believe the best of our employees. Sadly, temptation can tease even the most honest folks into dipping into your company till from time to time. This can add up to significant business fuel theft, which continually chips away at your finances and harms your company’s ability to turn a profit.
By instituting sound fleet services, however, you can eliminate much if not all of this thievery. When all of your drivers are required to succumb to the usage of fleet cards and applicable reporting measures, no one is singled out. This is just how you company does business. It’s smart. It makes sense. The better your business is run, the safer and more secure every one of your drivers livelihood becomes.
At the end of the day, isn’t this and turning a sound profit what your business should be about? Taking charge of your costs is just a smart way of running your company and ensuring everyone employed will stay employed.
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