How fuel management software impacts your bottom line

Fuel management software gives you greater insight into problem drivers, fuel use, fuel wasters, and more, allowing you to improve fuel efficiency and increase your bottom line. After a year of record-high diesel prices, this sort of insight is exactly what the industry needs.

In 2022, diesel prices increased by around 50%, hitting $5.35 a gallon – a worrisome trend for fleet managers. According to the latest ATRI survey, the rising price of fuel is the number one concern in the trucking industry, replacing driver shortage in the top spot for the first time in years. 

While you can’t easily control the economic factors or regulations contributing to the rising price of fuel, you can minimize the impact of higher fuel costs with better fuel management. Here’s how.

What Is Fuel Management Software?

The fuel management software that is built into today’s advanced fleet management software solutions monitors your fuel consumption and expenses. It allows you to track, record, and analyze how your fleet uses fuel. Then, you can use that information to improve fuel efficiency. For example, with fuel management software, you can identify things like:

• Drivers with fuel-wasting behaviors like idling or harsh acceleration
• Vehicles contributing to fuel waste
• Inefficient routes

This insight allows you to pinpoint problems and find solutions to mitigating excess fuel consumption and helping your bottom line. Moreover, this software doesn’t just spit out data; it can provide recommendations so you can address issues as they’re happening.

6 Ways Fleet Management & Fuel Management Software Help You Save Money

Let’s take a closer look at some of the ways that fleet management and fuel management software work together to help you save money.

1. Boost Efficiency with Proactive Vehicle Maintenance

You will inevitably miss some things if you rely on your drivers to let you know when your trucks need maintenance. FleetUp solutions gives you real-time diagnostic alerts, letting you know when your vehicles need maintenance which helps ensure your fleet performs at optimum fuel efficiency.

2. Lower Costs by Encouraging Better Driving Habits

Keep track of unwanted driving behaviors, like idling, driving outside specific geofences, speeding, harsh braking, and more. FleetUp’s fuel management software allows you to track all these factors to identify and analyze what behaviors are contributing to fuel waste and fix them.

3. Decrease Fuel Usage with Route Optimization

FleetUp’s fleet management software offers real-time GPS tracking and a route optimization feature that lets you easily locate the most fuel-efficient route in seconds. When it comes to saving money on fuel, fuel efficiency is critical. That’s where having access to features like route optimization comes in handy. 

4. Prevent Fuel Theft and Protect Assets

Real-time tracking allows you to keep track of your trucks. As a result, you can compare the location of gas purchases to the location of your vehicles to ensure there aren’t any fraudulent purchases happening. In addition, you can set up safeguards to get alerts when there are sharp dips in fuel levels (an indication that someone might be attempting to siphon off your gas). 

5. Simplified Fuel Tax Reporting

The International Fuel Tax Agreement (IFTA) requires that you complete complex quarterly tax returns. These returns must include the number of miles your vehicles drive in each state. It’s a time-consuming process that’s prone to errors. That’s why FleetUp integrates seamlessly with ProMiles so you can simplify and reconcile all your data in one place. This reduces redundancy, saves time, and ensures you aren’t accidentally losing money in your fuel tax reporting.

6. Improve Driver Behavior with Real-Time Coaching Capabilities

We already talked a bit about how fuel management software allows you to track and analyze driver behavior. However, FleetUp takes it a step further with the ability to coach drivers in real time. For example, you can see when drivers are spending a lot of time idling and send them a quick coaching correction right from the FleetUp dashboard in real time.

Improve Your Bottom Line with FleetUp’s Fuel Management Software 

When it comes to choosing a fuel management solution, look no further than FleetUp’s fuel management software. We’re the top choice for fleets everywhere because we have three patents related to fuel management, which allow us to pinpoint waste factors and main offenders (idling, braking, speeding, etc.) in a way that other solutions simply cannot.

In addition, our dashboard gives you a list of the top five factors to reduce fuel waste in your fleet and a coaching button to provide real-time coaching on those factors. With a click of a button, you can coach your drivers, which improves safety, compliance, and productivity and reduces costs quickly and effectively.

In fact, our customers save an average of 10-20% using our fuel management software. Want to see how much you can save? Request a demo today.