Irrespective of company size, fleet management can take up a considerable amount of your time and annual budget, especially when it comes to fuel. Regardless of whether you are a large or small business, a fuel card should be something that you consider.
Using the best fuel card for your small business can play an integral part in improving business efficiency and provide you with fleet management solutions that can reinvent the way you do business.
What are small fleet fuel cards?
A fuel card is used as a means to pay for petrol, diesel, and other fuel associated products at fuel stations across the country. Fuel cards are simple to use: all the driver has to do is present the card as a method of payment after filling up.
Small business fuel cards assist businesses and their employees to pay for fuel in an efficient, quick and secure way. It also enables you to track and manage all of your fuel requirements under one account. The fuel card will be allocated to a member of staff which can then be used to fuel up a vehicle. The fuel is charged to a designated account which would then be settled by your small business.
Why should your small business fleet use a fuel card?
There is often a misconception that small businesses aren’t suitable candidates for fuel cards because of their lower fuel usage needs - this is far from the truth. Fuel is often one of the highest expenses for small business across the country. If you run company cars, permit employees to use their own cars regularly for business, have a small fleet of cars or vans, a company fuel card can bring great benefits to both drivers and management.
The ideal fuel card can help save costs, streamline your business and take the hassle out of those dusty admin tasks that clutter your desk. Fuel cards offer a range of different business benefits, including quick and easy payments and invoicing.
It is, however, important that you choose the fuel card that aligns with the objectives of your small business and meets the requirements of a small fleet.
The best card can provide you with a host of great options including the ability to take out an unlimited number of cards for your staff and vehicles at no extra cost. In fact, the fuelGenie fuel card has no fees associated with normal use at all. You would only need to pay the pump price for the fuel used. Fuel cards also give employees at small businesses peace of mind as there is no need to carry cash or keep paper receipts.
Additionally, your employees will not spend time calculating expenses as a result of paying for fuel out of their own pocket, thus reducing stress and allowing them to concentrate on the job at hand.
What is the fuel card cost for small businesses?
Many fuel card suppliers offer deals that can be tailored specifically to the needs of small businesses. But with so many different cards and brands offering cheap deals, it can be hard to cut through the noise and carefully select the right one for your business.
It’s important to note that many suppliers charge additional fees including sign-up fees, monthly charges, and a set fee per transaction, but with fuelGenie this is completely free.
With no charges, fuelGenie’s fuel card will allow your business to save money on its fuel costs by consistently buying fuel at. This is because it works exclusively at supermarket forecourts belonging to Tesco, Morrisons and Sainsbury’s, where fuel tends to cost 3p less per litre than the national average.
How can small businesses get started with the best fuel card?
Applying for a fuel card for your business is an extremely simple and easy process, especially with fuelGenie. You can simply click ‘apply’ at the top of the page, this will take you through a simple and secure online application. What’s more, there are no minimum requirements; regardless of whether your business operates just one vehicle or 100, you will be eligible to apply for a fuelGenie fuel card.
Once you have applied for your fuel card, you can also benefit from the monthly HMRC-approved invoices. This will save your business a lot of time as you will not have to sort and collect paper receipts. The invoices include details about each card and are broken down by date, time, location and value. The comprehensive VAT breakdown will also allow you to conveniently claim your VAT back from HMRC.
Your fuel management account can also be managed completely online. Small businesses can set up business-specific credit limits, meaning that regardless of the number of cards your fleet holds, this limit will be applied across your whole account. This is a great tool for small fleets using fuel cards, as you will never incur any unexpected payments for fuel. And if you are looking for more flexible options, fuelGenie can offer this to you online – it’s that easy!
Apply now for a fuel card for your small business