DES PLAINES, IL – Wheels, Inc. has announced an enhancement to the Expense Variance tool. The enhancement provides new fuel analyses that can be leveraged to enable more effective fuel cost management. Expense Variance is available in FleetView, Wheels' online fleet management technology, and is part of the company's recently introduced Decision Tools.
"The enhancement to Expense Variance will help fleet, sourcing and finance executives, and managers understand, manage and control fuel costs more effectively," said Scott Edidin, Wheels senior account manager.
The Expense Variance tool provides the information needed to gain control of fuel expenses. Clients can identify potential savings opportunities and gain in-depth understanding of not only how the changing price of fuel has impacted the fleet's fuel spend, but also other important factors. For example, questions like "which fleet vehicles are performing as expected," and "which vehicles could be selected to improve fuel efficiency," can be answered quickly based on Expense Variance's easy-to-use guided analysis approach.
The enhancement to Expense Variance complements the other Decision Tool, Cost Projection. This application's features make it possible to model "what if" scenarios on how changes in fleet will affect fuel expenses. "While it may not be possible to predict the price of fuel, it's certainly feasible to accurately forecast many of the factors that influence total spend and as a result avoid unpleasant budget surprises," Edidin said.