Q. Are fleets moving toward collecting data on connected vehicles?
A. I think we always want to collect more data. Our partners and customers expect that from us...
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.
Senior Vice President and General Manager
A. I think we always want to collect more data. Our partners and customers expect that from us...
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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