Fleet Fuel Management: Analysis and Reporting

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Fleet Fuel Management Analysis and Reporting
Do You Have Everything Under Control?
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Business at the Speed of Light

• As the volume of business and the speed at which
  it takes place has increased, so has the
  potential to overlook key components of a
  businesses strategy.
• This is where expenses can easily get overlooked.
• Rather than just plodding on forward, here's some
  questions that your board of directors needs to
  stop and ask itself.

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Who Audits Your Fueling?

• Fuel auditing is one of the first maintenance
  tasks to fall on the way side.
• Because it can be a tedious and ungrateful job,
  many business let it drift.
• Ironically however, this is also one of the areas
  that a business is most likely to lose money on
  if not properly managed. Fleet management
  services can turn this around for you.

4
Are the Prices Correct?

• In any fleet dependent business, knowing the
  current price of fuel is essential.
• What if youve been overlooking something and
  these numbers are incorrect though?
• Unless you have a dedicated fleet manager who
  pours over these documents every day, you may
  never know how much youve lost.

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Who Keeps Track of Surcharges?

• Surcharges have become so prevalent in business
  anymore that many hardly consider them worth
  noting.
• However, left unchecked and these charges can get
  hefty.
• Unless you are regularly monitoring all the
  surcharges pertaining to doing business with
  someone, you can never get an accurate picture of
  your actual expenses.

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Ignoring the Problem Doesnt Help

• Its been said that 81 of all fuel theft is an
  internal problem, while 4 of all business
  transactions are done incorrectly.
• In other words, 8 out of 10 fuel thefts originate
  from employees and 4 out of every one hundred
  transactions are billed incorrectly.
• Whether you want to deal with it or not, the
  statistics show that not facing a problem can
  have severe financial consequences.

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Professional Analysis

• If youve gone through these questions and
  realized that your have been defunct in many of
  these areas, dont panic.
• Its not too late.
• The first step is in hiring a business that
  offers professional fleet analysis. Through this
  process you will get a detailed report of how
  efficient your operation is and how to tighten up
  any loose areas.

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Professional Reporting

• One of the great things about hiring another
  company to handle your fleet management is the
  detailed reports that you gain access to.
• If were honest with ourselves, no-one really has
  the time to tell us everything that would be
  helpful.
• A third-party manager however is hired for no
  other reason than this very sort of thing.

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Are Our Taxes OK?

• Just about everyone is in agreement that the tax
  code has gotten too complicated.
• When servicing multiple states, this can be even
  more confusing.
• With a flood of receipts, paperwork, and dates
  that must all be coordinated, its easy to
  overlook something. Unfortunately, the
  consequences that the IRS gives can be expensive.

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Take Control of Your Fleet

• Fleet driven business has the potential to make
  large amounts of money and can be very lucrative.
  
• Imagine how much more lucrative it could be if
  you were able to dedicate more time on every
  detail.
• By looking into professional reporting and
  analysis services, you are taking a step towards
  greater control of your fleet and its assets.