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Motive Launches Industry-First "Missed Savings" Feature to Reduce Fuel Costs for Fleet Managers

Author

Slice of Finance Team
07 Jul

Key Highlights:

  • Reduce fuel costs by up to 5% or more.

  • Automatically pinpoint missed savings for fleet managers.

  • Exclusive to Motive Card customers.

  • Utilizes shared fleet and spend management data.

  • Potential savings of $600,000 annually for large fleets.

Source (Business Wire)

Notable Quote:

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“Businesses are wasting millions of dollars on missed fuel savings per year because they don’t have access to the data needed to make smarter fuel decisions. With this new offering, Motive is the only fleet card delivering automated insights to empower managers to control spend, better manage and coach drivers, and achieve up to 5% or more in savings.”

Hemant Banavar, Vice President of Financial Products at Motive

Our Take:

Motive's introduction of the "Missed Savings" feature marks a significant advancement in fleet management technology, providing a crucial tool for reducing fuel expenses. By leveraging real-time data and automated insights, Motive enables fleet managers to make informed decisions, leading to substantial cost savings. This feature is particularly valuable in today's market, where fluctuating fuel prices can significantly impact operational budgets. The integration of this tool within Motive’s platform demonstrates the company's commitment to innovation and efficiency, setting a new standard for spend management in the logistics and transportation industry.