HOW TELEMATICS HELPS SAVE FUEL AND AVOID FUEL THEFT
Most people think about telematics in terms of tracking their vehicles. Where are they? How long until they get to their destination? And that’s quite correct; telematics can do all that. But it can do a lot more as well. Particularly when you connect your fuel card account to your telematics account.
WEX Telematics and Esso Card™ work perfectly together. You could even say they were made for each other. By combining the two, you start to understand more about your vehicles and their fuel consumption… and that can be enlightening.
Let’s look at an example:
Say you have two drivers (A and B). Both drive the same type of vehicle that is about the same age with similar mileage. Both do about the same mileage each year. Your WEX Telematics device tells you that they are both reasonable drivers; not accelerating too aggressively, cornering too fast or breaking too violently. In fact, Driver B scores a bit better than Driver A on the driver score.
But, because you have your Esso Card™ integrated with the WEX Telematics, you can see that Driver B is only getting 20 Miles Per Gallon (MPG) compared to Driver A who gets 30 MPG. That means Driver B is using nearly 1,900 litres more fuel than Driver A per year. That’s costing your business an extra £2,000 in fuel a year.
|Fuel Integration||Driver A||Driver B|
|Vehicle Age||2 years old||2 years old|
|Vehicle Current Mileage||50,000||50,000|
|Price Per Litre||£1.06||£1.06|
|Driver/Vehicle Missing Fuel Spend||£0||-£2,008|
|Number of Vehicles||10||10|
|Annual Fleet Fuel Variation||£0||-£20,079|
If that was happening across 10 vehicles you would be losing over £20,000 a year.
Now, it may be that there is a mechanical problem with vehicle B. Maybe it is leaking fuel or something else is happening like fuel theft. Only by linking your Esso Card™ to your Telematics account can you monitor if your business has a problem with fuel theft. Fuel is a significant cost to many of our business customers, we want to help you ensure that your fuel cards are only being used to fill up authorised vehicles.
Click here for more information on WEX Telematics or don’t hesitate to get in touch, we are here to help you find the right solution for your business.
This article was published on September 21, 2023.