PRTODAY / NewswireToday Free press release distribution service network

More news: Transportation
Written by / Agency / Source: Midas FMS

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Fuel Card Provider System Failures Highlights Need for Robust Mileage Capture - Recent disruption to fuel card services experienced by company car fleets have highlighted the need to use robust independent mileage management systems to manage business and private mileage fuel usage
Fuel Card Provider System Failures Highlights Need for Robust Mileage Capture

 

NewswireToday - /newswire/ - Meriden, Warwickshire, United Kingdom, 2013/03/08 - Recent disruption to fuel card services experienced by company car fleets have highlighted the need to use robust independent mileage management systems to manage business and private mileage fuel usage.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Transportation Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Recent press in the fleet industry has reported extensive problems resulting from the transition of systems and services of one of the largest fuel card providers in the UK to Allstar a company owned by American FleetCor Technologies. The difficulties lie with Allstar’s provision of fuel data and mileage reporting for fuel card users. This has focussed attention on the importance of drivers being able to keep proper logs of their business and private mileage through a robust and independent mileage management system.

The ability to determine the cost of private mileage is an essential factor in the cost efficient use of fuel cards for company cars. Companies must be able to provide an auditable trail of what fuel has been used for business and private mileage and how the driver has made good for the private element.

When accurate records are not kept the driver and/or the company will be responsible for the tax on all fuel provided by the company.

With the breakdown of data provision from Allstar, companies are concerned about ensuring that drivers continue to make good the cost of their private mileage. By using an independent mileage management system such as Midas the issue is managed consistently without dependence on the card provider. Systems like the one provided by Meriden based Midas FMS Ltd can process mileage data using fixed mileage rates including AFR, or using actual pence per mile as determined by the actual fuel purchases made by the driver. When fuel data is delayed as in recent circumstances, the company can decide to delay processing until fuel data eventually arrives. This approach has worked with a number of Midas FMS clients. If the problem is more persistent, the company could switch to AFR rates until issues from the card provider are resolved.

Continuity of service in all aspects of the provision of fuel cards is essential at all levels. From the driver’s ability to pay for fuel at the filling station, through the facility to order new and replacement fuel cards, to the recording and reporting of fuel use; all these aspects must be in place. Midas allows drivers to make use of multiple fuel cards, so if the relationship with a fuel card provider breaks down completely, the transition from one card provider to another can be handled smoothly with minimal disruption to drivers who depend on fuel cards to keep mobile.

Adam Rollins from Midas FMS says “In recent times we have seen a lot of people becoming unsettled with their fuel card arrangements. Midas FMS provides the continuity that companies need to make changes when circumstances dictate.”

If companies decide that a fuel card solution is no longer viable, they will still need a system to record business and private fuel use so that drivers can be reimbursed on a pay and reclaim basis. The same auditable trail is still required for tax purposes, whether the company provides fuel via a fuel card or provides fuel by reimbursing the driver’s own outlay.

A management system independent of the fuel card provider is the best solution in all cases. It is essential to ensure long term flexibility. This is required to avoid issues when relationships break down or simply when a better deal or procurement method can be found elsewhere.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Transportation Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Midas FMS

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Transportation articles,
CATCH Visitors via Your Competitors Announcements!


Fuel Card Provider System Failures Highlights Need for Robust Mileage Capture

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Adam Rollins - Midas-FMS.com 
+44(0)16 7652 5303 adam.rollins[.]midas-fms.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Midas FMS securities in any jurisdiction including any other companies listed or named in this release.

Transportation via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Midas FMS / Company Profile


Read Transportation Most Recent Related Newswires:

Alstom Wins its First Metro System Contract in Vietnam
Alstom Transport Announces New Generation Trains Order for SNCF in Ile-de-France Network Lines D and E
Alstom Supplied Solutions to the Newly Opened Hong Kong’s First Driverless Metro
Alstom to Acquire Nomad Digital, World's Leading Provider of Connectivity Solutions to The Railway Industry
Cital Delivers The First Citadis Tram to Ouargla in Algeria
VINCI Airports Chooses SITA to Unify its Operational Solutions Across its Global Network
Alstom and Colas Rail to Provide the Power Supply Equipment for the East-west Line of the Citadis Tramway of Nice
Alstom Supplied Equipment to The First Metro Line of Shandong Province - Enters into Revenue Service in China
Indian Aviation Ramps Up Tech Investment to Meet Rapid Passenger Growth
SITA Brings World-class Connectivity to Air India
Alstom to Supply 15 Coradia Polyvalent Trains to Senegal
Mumbai Becomes First Airport in India to Introduce Self Bag-drop
Low-cost Carrier Air Seoul Chooses SITA's Horizon for Flexible Passenger Management
Alstom Inaugurates the First Regiolis for the Auvergne Rhône-Alpes Region
Alstom Supplied the Interlocking System to Newly Opened High-speed Line in South Korea

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  JobsWare.com





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)