With the political unrest occurring throughout the Middle East we are experiencing huge spikes at the pump. These unwanted adjustments will do nothing if not increase our budget, whether it is personal or business. Although the average household may be able to work around these price increases, business owners will likely have to pass on the bad news to their customers. Maintaining a budget for your business is not something that can be changed at the drop of a hat, so any savings that can be recognized will usually serve a twofold purpose.
Petrol cards are a great investment to include in your company assets, especially since they not only save you money but they also provide additional advantages for most companies. For one thing, in the majority of these cards your price per litre of petrol is agreed upon up front. Company petrol cards serve two purposes, first it assures the petrol stations that you will be back for more and secondly it confirms to the business user that there will be no surprises within the agreed upon time.
Whether yours is a small or a large company, petrol cards are a convenient way to proceed. In the case of large companies, each driver will have their own card and be able to use it as they deem necessary. Because the list of available petrol stations that accept these cards can be extensive, the driver would likely wait until the fuel is low enough to warrant a "fill up", then they would pull in to the nearest approved petrol station.
Small companies can also make use of the petrol card and would likely benefit just as much financially as some of their counterparts. A petrol card can also be used to purchase other necessities that may arise while on the road, some auto related, while others may be geared towards personal travel convenience. A problem like running low on engine oil can easily be solved without taking cash out of your own pocket or dealing with mechanical problems at a later date.
Although there is sometimes a fee associated with company petrol cards, the benefits far outweigh the charges. In addition to the funds that you can save through using one of these cards, all accounting departments will be extremely happy, especially since purchases will be detailed on their monthly statements. It will also avoid those dreaded vouchers that require cash or check payment for reimbursement.
With all the benefits that can be gained from these convenient cards; is there any wonder that so many companies are making use of them? Other than political changes, you will have a whole lot more control of the price you will be paying and that in it will save you big.