Fuel cards are being more widely used by businesses as a quick and efficient way for employees to be able to fill up their company vehicles without the need for filling in expense forms. In the past this was the only way that fuel could be reimbursed to employees and it often meant filling in lots of forms, submitting them to a bookkeeper or finance officer within the company to arrange the reimbursement. This is time and money that businesses should be spending in other more productive ways.
There are many benefits to using a Fuel Card system, like the one offered by Fuel Card Services and here are some of them for you to have a look through.
Increased efficiency – it is much more efficient to have your employees issued with a fuel card that they can use when they fill up their work vehicles as the money is taken directly from the business account. This means that there is no need to arrange expense claims and repayments.
Transparency – by using these kinds of cards the business can see who is filling their vehicles up and how often. This allows for full transparency of costs and ensures that the vehicle that is being filled with fuel is a business vehicle.
Savings – in some cases a fuel card can help you save money as you might be offered a consistent price for the fuel that your employees purchase. You can also gain insights into how much you are spending on fuel per month and see whether you need to change your vehicles to more economical ones.