Battling Fuel Fraud? Mobile Fueling Can Help.
Fuel card fraud and slippage can be a significant pain point for fleet owners. Industry figures estimate 5-10% of a fleet’s annual cost goes to theft or misallocation. With rising fuel prices eating into profits, fleet operators are looking for ways to eliminate waste.
Common Types of Fuel Fraud
Mileage Creeping refers to employee inflation of mileage figures on reimbursal request forms. This is one of the most common forms of fuel fraud because it is usually done in small amounts and seems harmless to the employee, but can add up quickly for companies.
Fuel cards are marketed as a way to eliminate fuel fraud. However there are ways to commit fraud with them as well, such as simply using the card to fuel an unauthorized vehicle (referred to as “side fueling”) or adding personal items to the purchase.
Fuel Fraud Can Cost You, but Mobile Fueling Can Help.
Mobile fueling on demand offers fleets the opportunity to order fuel via a phone call, app, or website. The fuel is then delivered on site to the fleet yard during non-operating hours, either directly into fleet vehicles (wet-hosing) or into above ground storage tanks. The service omits the need for individual drivers to go to the gas station, or interact with fuel purchases at all, eliminating any potential for fuel fraud.
With Booster’s customer portal, fleet managers can easily order, monitor and quantify all fuel ordered for each vehicle with the click of the button. The digital interface provides critical information around gallons pumped, amount spent and more. The dashboard can then integrate these insights with those from major telematics providers like Geotab, Samsara, and Verizon to offer real-time glimpses into a fleet’s fuel habits.
Mobile fueling saves fleets money by squashing fuel fraud and non-productive labor hours spent at gas stations — estimated to be about 5 hours per month for the average fleet. Booster also partners with three major fuel card providers to integrate existing incentives into mobile fueling price models.
Eliminate Fuel Fraud with Booster
Though the relatively small additions to cost at each instance of fuel card fraud may seem innocuous, treating them that way would be a mistake, as fleets see about 5 gallons of attempted fuel fraud per vehicle monthly, according to Fleetcor. For a fleet of 20, that’s 1,200 gallons annually. And with gas prices hitting record levels across the nation, fleet owners and operators are likely to see a correlated rise in fuel card misuse, and in the related costs they incur from it.
Booster assists you in identifying the bottlenecks in the system using data backed information and saves millions of dollars.
Discover how Booster can save you time and money with mobile fueling.
