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How to Improve Your Cash Flow with a Fuel Card 

Kim Diggs

April 24, 2024

Managing cash flow is important. One way to bring down your business costs is to use a discount fuel card. Fuel cards offer significant advantages by providing discounts at the pump. Greater savings allows for increased investment in your business or even just more money in your pocket. Consider using fuel cards to streamline some of your operations and decrease your fuel spend. 

The financial benefits of using a fuel card 

Savings are probably the number one reason a trucking business uses a fuel card, but there are more benefits that can improve your cash flow management. Here are a few:  

Reducing Administrative Burdens 

Fuel cards offer a solution to reduce administrative burdens by streamlining fuel expense management. They eliminate the need to collect and organize numerous fuel receipts by merging all fuel expenses into one easily accessible report. This simplification allows for more efficient bookkeeping, freeing up time to focus on core business activities such as driving, securing loads and. If this is an hourly task you outsource, you’d be reducing the time it takes to fully account for all monthly expenses, likely resulting in less money spent over time.  

Know Your Fuel Numbers  

Getting into the nitty-gritty of your fuel spend can be eye-opening. Maybe you’re taking routes that consume more diesel than others, or maybe a lead foot is pushing your fuel costs sky high. With the insights from your fuel card’s reports, you can tweak your routes or driving habits and save on diesel over time.  

Maximize Your Savings  

Your fuel card can help you plan a trip based on your in-network fuel stop locations. This ensures you are taking full advantage of your discount. More freight and less fuel spent? That sounds like a win-win. 

Accessing Instant Fuel Discounts 

Ever dreamt of watching those pump prices drop just for you? Well, with a fuel card, that’s what happens. Here’s the deal: you pay less per gallon than the standard retail price at participating fuel stations. Sounds small, but it certainly adds up faster than the miles on your truck. Hello, extra cash! 

Maximize your savings with a fuel card and strategic route planning using your provider’s app or site.   A fuel card helps you save on fuel now and in the future, cuts down on paperwork headaches, and be more fuel efficient. Whether you’re just starting out, or you’ve been in the game for years, getting a fuel card is a smart move for your wallet and your business. 

Discover how much you could be saving today with Triumph’s fuel card.