If you work in the oil or gas industry, then you know just how important fuel is for your daily tasks. Having fuel when you need it most can make or break your day-to-day business operations. At Guttman, we’ve served countless clients from the oil industry, so we know how important it is to have a reliable and efficient fueling solution. We know how fleet fuel cards help the oil industry save money and increase efficiency.
First off, Fuel cards offer tons of benefits for businesses in any industry, but in a field as fast-paced and high-pressured as oil, fuel cards can be invaluable tools. Here are a few reasons why.
Improved Cash Flow Management
Keeping an eye on your cash flow is essential to the successful operation of your business. When you have a standard business credit card, you may have to manually track which employee made each purchase on your statement, how much they spent, and what they bought.
With a fuel card program, you can assign each employee their own unique number that must be entered every time they use their card. Employees’ purchases are then automatically relayed to you through real-time reporting; if anything is amiss, you’ll know right away.
Automatic Reporting with Fleet Fuel Cards
Speaking of reporting, fuel cards can save you countless hours of manual tracking. When all of your employees’ purchases are recorded for you, you only have to take a quick look at your reports to make sure everything is in line.
When it comes time to file your taxes, you’ll be even more thankful for automatic reporting. No more digging through mountains of paperwork to get all of your expenses in order. Instead, you can simply pull up your reports from the year and find all the information you need in one convenient place.
Reduced Overspending and Fraud
Business owners often find that fleet fuel cards give them more control over employee spending than traditional business credit cards. Not only can you keep track of your budget, but you can also prevent overspending by setting limits on your employees’ cards. Worried about a driver getting stranded because they’re over their spending limit and out of fuel? Don’t worry. Many fleet card programs let you enable top-ups as needed.
Having your reports at your fingertips can also help you reduce fraud. Since employees have to use a unique identification number to access their cards, the cards are much less likely to be stolen and used by someone who’s unauthorized. At the same time, if an employee is attempting to commit fraud, you’ll be able to spot the inconsistencies right away.
Get Started with Guttman Fleet Fuel Cards
Whether you work at a natural gas pad or with a permanent refinery operation, Guttman Energy can provide the fuel solutions you need to keep your business running. Our fuel card program is fully customizable and is available with no contracts or hidden fees.
At Guttman, we’re committed to the safety and satisfaction of all our clients. We provide a level of personal attention that is simply unmatched, pairing each client with a dedicated account representative to handle all of their fueling needs. In addition to our fuel card program, Guttman also offers risk management solutions, inventory management solutions, and fuel operability solutions within our Commercial sales group.
With decades of experience serving the oil industry, Guttman Energy is your resource for reliable and affordable fuel card services. Contact us today to learn more.
