One of the biggest concerns fleet companies face is fuel fraud, theft and abuse, problems that seem to be escalating in our volatile economy. Fortunately, Avis Fleet’s solutions can help.
The Intelligent Fuel Management (IFM) solution uses extensive analysis and exception reporting to reduce the risk of fraud, theft and abuse. For a nominal fee, every fuel transaction is analyzed and Fleet Managers can be quickly alerted about any suspicious activities.
How it works
IFM begins with a historical fuel data analysis where Avis Fleet will focus on your fleet’s fuel consumption and highlight risks – with a 90% accuracy rate on potential fuel losses. Criminals are using increasingly sophisticated methods to commit fraud and, just as quickly as technology is being developed to counteract crime, they are finding innovative ways to get around them. The good news is that IFM protects against a wide range of these criminal methods.
The IFM solution can identify suspicious behaviour including syphoning, inflated fuel card transactions, cloned fuel cards, side fueling, multiple pump transactions and continuous pump activity. We can also pick up multiple vehicle fills, manual card transactions, tampered pump calibration, private vehicle fills on company fuel card and convenience store purchases. Check out our blog for more information on the most common methods of fuel fraud.
The results speak for themselves
IFM can help you save up to 14% of your fleet’s fuel consumption costs. These are big savings on your bottom line. The advanced reports are unique to Avis Fleet because they provide a line-by-line, detailed analysis of every transaction in your fleet when suspicious behaviour is detected. This includes daily fleet consumption in cents per kilometre and fleet performance, fuel usage, trends and consumption. We can also show the overall performance of your fleet so you can pinpoint the best- and worst-performing vehicles and take action if necessary. The information we provide drives measurable results because we work with real-time transactional analysis and vehicle-specific norms so Fleet Managers can see their savings accumulating every month.
The IFM solution is for you whether you are concerned about taking control of your fleet’s fuel consumption or want to reduce the risk of suspicious fuel transactions, fuel fraud, theft and abuse. Avis Fleet is a fleet management company with long-standing experience and expertise to help every fleet company optimise its business methods. We have a range of solutions designed for fleet needs. Click here for more information about our fuel management solution.