Automotive Industry, Vehicle October 10, 2021 Fuel Management Systems: A Modern Way of Controlling Fuel Usage and Costs A fuel management system hands over the control of fuel and fleet in the managers’ hands and helps them note the fuel used by their vehicles while making a delivery. Fuel costs are one of the high costs that influence the business of a transportation company. With the increased global demand, there will be a continuous rise in fuel demand in the future too. All fleet managers think the best for their company and want to save as much money as possible. This is why using technology like trucking software for owner operators and fuel monitoring devices has become common these days. A fuel management system comprises two parts, hardware and software. They provide freight companies with the necessary control option and help them save money on fuels. Using electric fuel control systems help to monitor vehicle distance, engine process and gather data of the energy consumed by the automobiles. Read More What Do You Understand About a Fuel Management System? A complete management system contains parts like hardware and software that provide correct information to people. Hardware like ifta mileage tracker provides companies with vehicle data by using telecommunication technology and allows the manager to note the fuel consumed in a single trip. Fleet companies are digitalising themselves to be productive and to increase their work performance. When you do not have time to keep records physically, this thing saves your time and energy. This improves the work coordination and saves the efforts of the workers. All the data provided helps companies to know their fuel costs and ways to control them. Reasons Why Transportation Companies Need Fuel Management Software: What Fleets Need to Know About Fleet Taxable Benefits Read 1. Helpful in Managing Fuel Costs: Companies need to have all the fuel records in hand to analyse the amount of fuel consumed by their vehicles. With mileage calculator software, every aspect of business becomes much. Everything becomes more accessible, and one can find out about the fuel consumed by automobiles and how to optimise it. With better management comes better understanding, and with it comes the knowledge of where your company is losing out on fuel funds. Many softwares allow transportation businesses to know if their vehicles need service, which is why they consume more fuel often. 2. Saves Vehicles From Fuel Thefts: It is essential to monitor your vehicles at all times. If unexpected leakage occurs while operating the vehicle, the software alerts the driver and the manager regarding it. This saves money and helps fleet managers to know if the drivers are using excess fuel while driving. 3. Drivers Become Responsible: Sometimes, drivers drive too rashly and use brakes too frequently, leading to vehicle damage. If the drivers know they are being monitored, they practise safe driving and keep the vehicles in good condition. Apt braking and engine damage can increase fuel intake and increase your expenses. Driving aggressively leads to accidents and can prove dangerous in future. 4. Helpful in Filing Fuel Tax: Manually calculating fuel taxes is a thing of the past; with the development of technology, there is no need to maintain spreadsheets. You can use GPS and a fuel management system to know everything about the amount of fuel burned during one trip. Companies use the information obtained by fuel calculating softwares to file their tax reports. 5. Get Accurate Data: For many fuel cards and mobile applications, drivers can know the fuel consumed by them during one delivery trip. You can use this information to prepare an ifta mileage report and file correct taxes. While this method is not appropriate for large scale fleet businesses, small freight businesses can use it to file their fuel taxes. 6. Track Your Vehicles: All vehicles have some inbuilt technology to know about their whereabouts and live locations. You can use an ELD to see the amount of work put in by your drivers and calculate the amount of work done by them. Some applications allow companies to transfer all the data to their hard drives and email IDs. 7. You Can Use It With Telematics Technology: A telematics system combines hardware and software to provide real-time data to people. You can customise this technology to suit all your needs and receive alerts of the fuel usage and distance travelled by the vehicle. The Summary: All companies face several problems and issues while managing their fuel costs. Mismanagement of fuel costs means loss of money. With the increase of technology, fuel management has become more accessible, and you can control the use of fuel with smartphones, tabs and laptops from anywhere and everywhere. Fleet management software helps freight companies to save money on fuels and stay ahead of their competitors. Telematics does not refer merely to the tracking of vehicles; it provides the control of the fleet in the owners’ hands. A fuel management system comes with the best fuel control systems and reduces the consumption of fuel. Tweet Share Pin Share Share: Post navigation Next Next post Tax Help for Fleet Owner Related Posts Automotive Industry October 12, 2021 What Fleets Need to Know About Fleet Taxable Benefits Operating a fleet company is a very complex endeavor, there are various key elements to consider while running a fleet of vehicles smoothly. One ... Read More Automotive Industry October 11, 2021 Tax Help for Fleet Owner There is never a bad time to start thinking and planning about your taxes. 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