Do you own a business that requires you to operate vehicles commercially? Do you feel it problematic when you have to refuel your vehicles again and again?
Don’t worry as there is a solution for you. Fuel Cards or Fleet Cards help you in managing your fleet of vehicles by paying for the fuels. It can help in reducing the time spend on fuel for your drivers, thus helping your business.
Owning so many commercial vehicles is not an easy task. It takes a significant amount from your annual budget, which has to be spent on fuels such as diesel, petrol, etc. A fuel card is just like a credit card which is used to pay for diesel and petrol at petrol pumps. It has chip and pin technology. It allows small business fuel cards to allow your employees to pay for such services in a fast and efficient manner. All the expenses can be managed through one account.
An important aspect for small businesses is to maintain capital. While this is not a big problem for large corporations, it would be beneficial for small ones if they can reduce day to day expenses. Such cards offer some benefits of quick payment with invoicing to maintain a record. At an agreed interval of seven days, one will be presented with a single invoice that includes fuel card usage with the full payable amount.
Some additional benefits offered by such cards can further benefit your business and fulfill all the requirements. If your card notices some abnormal activity, you can get regular reports and alarms. You can get Account Management Services to manage all the expenses. It is helpful in tolls letting your drivers pay the amount in a faster and efficient way. It restricts some purchases to let you become safe and not let any of your employees misuse it. It gives you breakdown cover, insurance, and accident management.
Suppliers and vendors offer many deals according to every business’s budget and expectations. This card offers the benefit of paying no interest on the balance of the fuel card. Many suppliers charge additional fees in the form of sign up fees and monthly charges.
If you use vans for operating your small business for a variety of tasks. Five small vans can save 3 pounds per liter (9 pounds per tank) to 10 pounds per liter (30 pounds per tank). However, for larger vans, you can save 18 pounds to 60 pounds per tank.
While some businesses prefer vans while some use heavy-duty vehicles to operate their business, for five heavy-duty vehicles, savings can be between 90 pounds per tank to 300 pounds per tank. However, for larger heavy-duty vehicles, you can save 210 pounds to 700 pounds per tank.
While there are so many benefits, selecting the right one for you is essential. There are so many companies that offer a wide range of benefits with fuel cards. While selecting a fuel card, you need to focus on factors such as the sector your business is specializing in, the size of the business, what is your growth potential, the volume of your fleet, the type of vehicles you use, payment terms, and billing method.
Control – It gives you better control over your business and capital. As a small business owner, you need to keep the funds down. With restriction options, you can control how much can be bought with the card.
Saving fuels – It helps you to save fuels and offer a specific discount. With every time you get a discount, imagine how much you can save at the end of the month.
Peace – You get peace of mind, and drivers don’t have to carry cash.
In case you get short on funds and need extra money right away, then you can always take some help from lenders. You can get business loans in a day even with no guarantor. If you are someone who doesn’t have good credit, then you can apply for loans for bad credit and get your money quickly.
While this pandemic has pushed us back in terms of finances, a business must look for opportunities that can help them save money. With so many new plans by the UK government to overcome businesses from the COVID-19 pandemic, small business fuel cards have really helped the business owners to save some money. These fuel cards are fast, effective, and reliable for business owners, their employees, and drivers.
Description: Have you ever heard about fuel cards for small businesses? Well, this article will help you to understand every bit of positive aspect of this facility available for commercial vehicle business in the UK.
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