Small businesses are the backbone of any local economy. As the sector grows so does the competition, and running efficient vehicles can become the difference between your small business thriving and barely surviving.
Fuel cards aren’t only beneficial for large fleets, but for any company with a mobile workforce, and a regular spend on fuel, oil and lubricants. Using a fuel card as payment for all of the above can mean considerable savings, in both time and money, helping you run an efficient business with little effort.
The key benefits of small business fuel cards include:
Consolidate government approved invoices to make reclaiming business fuel spend VAT an easy, stress-free process
A simple and convenient payment solution for drivers
Powerful online management and reporting tools
A large network and tools to find filling stations, locally and nationally
Potential cost savings on fuel
Improved security and control of fuel spend
Many small businesses are family run, and don’t have the luxury of a dedicated fleet manager, with the stressful task usually falling on the shoulders of one or two. Fuel cards can ease the burden, by replacing the need for collecting or keeping separate receipts for all business fuel purchases.
All administrative tasks can be conducted via an innovative online account management software, such as Velocity, and with all related transactions on one tax compliant invoice, monitoring fuel spend is made easy, as is the reclaiming of VAT.
Every small business is unique, each one with different needs and requirements meaning that finding the right fuel card is less about which one is ‘best’, but which one is best for you and your company’s individual needs. It will also depend on your usual business routes, and the network coverage within that area.
iCompario allows you to compare the best fuel cards in your area, and provides you key details to help you choose the right card for your small business.
Compare fuel cards and apply for your small business fuel card today!