The latest evolution in fleet fuel management
April 05, 2022
As fuel prices rise, so do the chances of fuel misuse and theft. Traditional approaches use transaction data to flag irregular re-fueling, but the current situation demands something more.
Preventing fuel fraud
Introducing our Fuel EKG™ product: The first artificial intelligence-powered fuel monitoring solution that goes beyond simple flagging. Rich insights and visual storytelling tools come standard, enabling fleet managers to have proactive conversations with fleet drivers and their managers about concerns.
Analysis conducted by Motorq finds that between 1-3% of all fuel transactions show signs of misuse. These exceptions range from a card being used without the appropriate vehicle present, filling over the tank capacity or filling over the expected tank capacity. In one study, 444 exceptions were identified across 1,500 vehicles in just 27 days.
Connected vehicle data is the “magic” behind the modern approach. By pairing transaction data with connected vehicle data, our Fuel EKG™ product represents the latest evolution in fleet fuel management.
Preventing fuel fraud graph
Get in touch with Element experts today to help you identify the biggest opportunities for fuel savings using connected vehicle data.
Telematics data can also help you forecast the cost of wasteful idling. Learn more about how you can make data-driven decisions to reduce this impact to your bottom line.
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