Q. What are the newest data analytics tools in fuel management?
A. Data visualization is probably the hottest trend in fuel management right now...
A. The biggest challenges -- the ones that are holding back market innovations -- are technical. How do you get autonomous vehicles to play nice with each other, never mind with human-operated vehicles and a 20th-century highway infrastructure? How do you charge for an electrical charge? How do you get a card swipe machine to take a chip now? It always takes time, but when you think about solving technical challenges, the answer is never in silos. It’s almost always through partnerships. Imagine an OEM trying to develop an autonomous vehicle without the guidance of federal highway officials. Try creating a fleet card network without buy-in from the card readers. It’s partnerships that create the value and cross-functionality high-tech fleets will demand. By developing the industry's first proprietary closed-loop fueling network, WEX is steeped in what it takes to develop next-generation products that deliver value to industry. Whether Fleet, Health or Travel, we develop secure, best-in-class products and services by listening to and partnering with industry to do high-tech product development that drives modernization, efficiency and profitability for our customers.
Senior Vice President and General Manager
A. Data visualization is probably the hottest trend in fuel management right now...
A. I think we always want to collect more data. Our partners and customers expect that from us...
A. Absolutely. That’s becoming a huge need in the marketplace...
A. Fraud is definitely a big issue for companies managing their fuel costs. One of the biggest issues is...
A. We are in the electric space today. We’ve got acceptance at a number of charging stations, including ChargePoint...
A. Today’s fleets are considering all types of fuels — and robust reporting on these transactions is a must...
A. Absolutely, and fuel cards are a key control...
A. Level 3 data capture is one of the fundamental ways fleet operators are able to better identify and more effectively rein in costs...
A. Fuel cards help businesses fuel their vehicles, document and analyze those fuel purchases, and limit exposure to unauthorized purchases...
A. Not all fuel cards are the same. Here are some popular criteria that fleet managers use when selecting a card program...
A. Fuel cards were designed to make it easier for businesses to pay when they fuel their vehicles. As fuel cards became more sophisticated, they also began offering businesses discounts and rebates plus the ability to track and analyze fuel purchases, creating the ability to control costs, making it easier to track expenses and enhance the bottom line without carrying cash or relying on inaccurate manual data entry.
A. We have 10.5 million WEX fuel cards in circulation worldwide...
A. We start off with basic levels of consumption: usage, trends, when they’re buying, where they’re buying. Then we’ll drill down a bit deeper to say...
A. Established in 1983, we are an industry leader known for developing technology that pioneered the closed-loop, proprietary fuel card network...
A. Not any time soon. There’s a deadline of 2020, but...
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