Comdata Corporation, a provider of electronic payment systems, announced FleetAdvance, a new program that utilizes real-time transaction data to help its fleet customers make smarter purchasing decisions, better manage fuel costs, and improve driver behavior.
Comdata says its research shows that drivers could have found a lower fuel price on fuel purchases 54 percent of the time. Comdata’s will help customers identify these opportunities for fuel savings by providing simple, actionable information in real time. As a result, it says customers will have greater insight into transactions the moment they occur with the ability to take immediate steps to drive savings.
FleetAdvance includes the ability to score each fuel transaction as it occurs, comparing the net price paid to the price that could have been paid at other nearby locations. For each transaction that falls outside established score guidelines, Comdata can send an immediate email or text message notification. Additionally, all transactions can be monitored via a web-based console that tracks purchasing activity and provides key information in real time.
“Comdata introduced real-time fuel management to the fleet industry in 1981 and again revolutionized the industry with the one-card solution in 2000,” said Randy Morgan, executive vice president of Comdata. “With FleetAdvance, we are once again setting a new standard for successful fuel transactions in the transportation industry.”
FleetAdvance is only available to Comdata customers.