Q. How can GPS vehicle tracking lower my insurance premiums?
A. While insurance companies do not require all vehicles to have GPS systems installed, there are a number of benefits for fleet owners and the greater...
A. Fleet management was historically built on the foundation of data. The more data you had, and the more you could combine various data sources, the easier it was to gain insight into how your fleet is operating, allowing you to make better decisions. Fleet management continued to evolve beyond just seeing the data, but now needing to make decisions on the data and take action. Over the years, as more companies are forced to do more with less, we’ve seen the rise of the “mobile office.” Fleet managers need to not only receive data in a digestible format today, they need the ability to make changes to their account, in real time, in the field. So mobile utilization has taken off in the last several years, and is accelerating. You could say, in the fleet industry in particular, that mobile is everything. This means developers need to deliver products that are mobile friendly. This trend will only continue in the coming years and we’re seeing that reflected in our product roadmap strategy as well as in the feedback we’re hearing from our customers. When fleet owners and operators look to boost efficiency, is price top of mind, or is control? Fleets are looking for the most cost-effective, frictionless way to manage their fleets. Sure, price typically is top of mind, but factors such as convenience and controls also need to be factored in. Fleets today want companies to tell them what they don’t know, what they haven’t thought about yet. Anyone can look at the posted price and make a decision, but was that site off route? Does the card program and the site provide controls to ensure company policies are being followed? Will I get data that allows me to determine better options for fueling? These kinds of questions are directly being answered in some of the analytical and trending analysis tools WEX provides its customers. Both our ClearView and Carrier TrendSource tools allow customers to access data such as, gaining insight into fuel purchasing analysis, knowing how their volumes are trending based on peer performance, route optimization, and much more. Plus, the evolution of mobile applications, geared towards the driver are making it easier for companies to put a policy in place and for the driver to adhere to it.
Senior Vice President and General Manager
A. While insurance companies do not require all vehicles to have GPS systems installed, there are a number of benefits for fleet owners and the greater...
A. The latest fleet management solutions will take advantage of the Internet of Things (IoT) to provide fleet operators a wide range of benefits over the lifetime of their vehicles. These could include seamless payments, reduced fuel spend, driving analytics...
A. Drivers are often at the backbone of your daily operations, so it’s important to keep them satisfied and loyal to your business, especially given recruitment challenges that appear to be getting tougher. So, companies need every advantage to help drivers overcome challenges and eliminate some of the obstacles out on the road. One way they can do that...
A. When many people think of automation, they think of self-driving; however, automation is everything from robotics in logistics to automated payment software—both of which help the fleet industry progress and its partners succeed. The innovation behind WEX’s Fleet One Factoring helps partners keep...
A. Adding telematics to your fleet card lets you monitor operations almost second-by-second, to spot performance outliers and inefficiencies that often go unseen from just a fuel file or activity report. So, this helps government fleet managers get more out of...
A. Beyond the big one – a shortage of drivers -- three common challenges fleet managers tell us about: overabundance of administrative tasks, rising cost of fuel, lack of transparency in their business operations. WEX can help overcome all these. That’s why fleet...
A. Customization is the future. It’s true in many retail industries and we’re already seeing that with many of our customers. They don’t necessarily want high-technology. They just want the right...
A. Mobile fuel payments are more secure than the physical card swipe because, with mobile, there’s no physical contact between the card and the fueling terminal. So, there’s no way for the information on your card to be swiped, so to speak. That’s the short answer. The longer answer is...
A. Yes. In June, WEX and ChargePoint announced a merchant agreement we believe will expand electic vehicle charging to fleets throughout the U.S. Now, up to 11 million WEX Fleet cardholders can pay for charges at more than 66,000 places to charge on the ChargePoint network. We tested and developed...
A. It’s an umbrella term that really encompasses a lot, depending on who is speaking. Is it driver assist technology? Is it autonomous vehicles? Navigation and traffic apps? EV charging? Payments? Emergency road service? It’s all of those things, and will become...
A. WEX got started by creating a number of different technological controls to help companies with vehicles manage their fuel spend, and we attended a Connected Car conference in southern California in June to showcase how...
A. Well, we’re already there with many of our products. Things like telematics -- collecting the data and helping to reduce accidents and help driver safety, optimizing routes, those kinds of things – have been in our arsenal for a while, about 17 years. DriverDash is a mobile fuel payments platform now...
A. Partnership has been a core WEX value forever. And some of the legacy partners that we have are evolving, so those partnerships are looking and feeling a little different as everyone continues to evolve their products. We had a discussion with one of our big, long-standing FMC partners, and traditionally it's been supplying cards and fuel management service to their customers. But as they're starting to develop different mobile applications...
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