Prepaid Corporate Card: Fleet Fuel and Maintenance Costs

Managing a fleet of vehicles takes a lot of planning and organization. You must answer questions like when is a car, truck, or van costing too much to maintain or how can the fleet become more fuel efficient. To answer these questions, you need accurate records of all the costs incurred by each vehicle. If transactions are done through cash or drivers pay and are reimbursed, this can lead to incomplete records or a delay in getting the numbers needed to make decisions. Here’s how you can use the PEX Card, the prepaid corporate card, to make your fleet more efficient:

• PEX Card automatically records every purchase from every card, letting you assess how much vehicles are costing, which you can then use to compare against past months.
• If a vehicle needs repairs while on a trip funds can be added directly to the card, so emergency maintenance doesn’t have to derail a delivery or project.
• There’s no need to chase down receipts and no lag time between when purchases are made and when they’re in your system, so you can use that data to act now, not a few weeks from now.

A prepaid corporate card like PEX Card will ease the process and management of gas cards because as a Visa prepaid card, PEX Card can be used for more than just gas.