How can Fuel Cards help my Electrical Business?
Whether you are a self-employed electrician or working within a company, running an electrical business requires meticulous planning and resource management. By travelling from one job to the next, or perhaps between offices or trade stores, electrical businesses can end up spending a lot on fuel for their vehicles. One aspect that often goes overlooked but can significantly impact the bottom line is the fuel expenses for company vehicles.
Fuel costs can fluctuate and quickly add up, especially if your business relies on a fleet of vehicles to travel to your clients. To optimise your fuel management and reduce operational expenses, incorporating fuel cards into your business strategy can improve your fleets efficiency.
Here, we will explore how fuel cards can benefit your electrical business and contribute to overall success.
What are fuel cards?
Fuel cards function much the same as credit or debit cards, allowing you to purchase fuel at wholesale prices, not ‘at-the-pump’ prices. Fuel cards offer an extra layer of security and are a safer way of purchasing fuel, as they are PIN protected and linked to you or your vehicle. This negates the need to carry cash or keep receipts to sum up the costs at the end of the month.
Some of the advantages include:
1. Cost savings
Fuel cards can be beneficial for your electrical business as they can offer considerable savings on fuel costs and take up less administrative resources. Alongside offering fuel at a wholesale price, you can also collect reward card points at participating stations.
2. Streamlined expense monitoring
Fuel cards can make it easier to track fuel expenses, eliminating the need for drivers to carry cash or collect receipts. All transactions are recorded, simplifying expense reporting and reducing the risk of fraudulent activity.
3. Enhanced fleet management
Fuel cards often come with online portals and mobile apps that offer real-time tracking of fuel consumption. This invaluable data can help you to optimise your routes and ensure vehicles are used efficiently.
4. Improved security
Fuel cards are more secure than cash payments since they require a PIN and can be registered to a vehicle. If a card is lost or stolen, it can be easily deactivated, helping to prevent unauthorized use.
5. Control and customization
As a business owner using fuel cards for your company, you have the flexibility to set purchase restrictions and spending limits on each fuel card. This ensures that fuel purchases align with your business needs and reduce the chances of misuse. You can also add on optional purchases such as AdBlue and M6 tolls.
6. Time-saving convenience
Fuel cards streamline the refueling process for your drivers so they can fuel up quickly and get back on the road sooner.
By incorporating fuel cards into your operations, they can help to achieve cost savings, improved efficiency and allow enhanced control over your fleet management. Fuel cards provide a convenient and secure payment solution while offering other perks, such as discounts and reward points.
About Cambrian Fuelcard Services
Cambrian Fuelcard Services provides a comprehensive range of fuel cards and telematics solutions to UK businesses of all sizes. We are an award-winning, family-run business with over 40 years industry experience.
Our UK based call centre is manned by highly-trained and experienced industry professionals who are dedicated to responding quickly to customer requests. Nearly all of our customer inquiries are dealt with within fifteen minutes.
When you sign up to use our cards, you are assigned a dedicated customer account manager who will be your first point of contact from your onboarding and through the life of your cards.
Useful Links
To find out about our range of fuel cards click here – https://www.cambriancards.com/fuel-cards/
To learn more about our selection of telematics devices click here – https://www.cambriancards.com/telematics/
Click here to find out more about Cambrian Fuelcard Services – https://www.cambriancards.com/about-cambrian/