19 Jun
Assessing the return on any business investment is key. Here's three ways CardSmart can help.

FAQ: How do I assess the performance of my fuel card?

With any outlay your business makes, you'll likely need to ensure a satisfying return-on-investment (ROI) is secured. While many financial decisions may take months or even years before they give anything back, your CardSmart fuel card can have an impact on how you manage expenses today.

But, you may be wondering, what's the best way to assess any potential savings? 

CardLink Online

Once your account is up and running, the process of checking how everything is going is centred on CardLink Online. When you've registered for the service – this only takes a few minutes if you have your account details on hand – you can access statements, reports and stay on top of how your fleet is utilising its fuel cards.

Vehicle Analysis

CardLink Online will provide you with thorough Vehicle Analysis reports which break all of your costs down per driver or vehicle in your fleet. This can then show evidence of how each individual is performing in terms of cost per kilometre.

This is not only a great way to assess how your fuel cards are saving the company money, but can also offer feedback as to how the fleet is doing as a whole.

Vehicle Reports

Taking things one step further are the Vehicle Reports. These can play an even bigger role in breaking things down to a transactional level. Providing a precise account of how and at what location each vehicle was fuelled, these insights can then be channelled back into further efficiency.

Again, this makes it easy to assess exactly how much value your drivers are extracting from each tank, while also delivering a snapshot of when and where they are most in need of fuel too.

Securing ROI on any business choice is a must. Fortunately, thanks to CardLink Online and the reports it can provide, it won't be long after your company implements fuel cards that you begin to see tangible results.