Fuel fraud and theft − two of the major causes of significant financial losses to the vehicle fleet industry!
With the price of petrol and diesel constantly rising and forming by far the most expensive cost element in running a fleet, the use of superior analytics to log and review data intelligently has become invaluable. When it is combined with reporting that provides theft and fraud alerts and almost immediate follow-
Typical savings achieved, admittedly for a fleet of more than 1,000 vehicles, have been R16 million over a four year period. At the other end of the scale, a commercial fleet operator with 89 vehicles has seen eight months of savings of nearly R3 million being added to the bottom line!
Fuel and in particular diesel are calculated on approximately 31% of a trucking company's overall operational costs.
One drop can make the difference!
Who will ever know?
A minimal loss of only 10 litres of diesel per vehicle adding up to +/-
but what if this happens every day for 1 year to your fleet?
A LOSS of R4854.50 per vehicle!
Consulting detective Leon Rossouw got hold of this footage of criminals stealing diesel from a farmer in the Bloemfontein region in South Africa.
Making the difference in combatting the six major causes of theft and fraud:
inflated card transactions;
cloned cards; side fuelling;
multiple pump transactions
and continuous pump activity
involved identifying where collusion was taking place and being able to access records quickly.
With issues regarding fuel theft and illicit transactions in South Africa at extremely high levels, taking action to identify employees who are committing fraud or theft, or colluding with others to steal from employers, is becoming increasingly important.
The reality test for any fuel system that has major cost-
The Newcom Fluid Management System consolidates information from various different sources, processes data in a near real time fashion which provides the fleet owner with the means to act immediately to suspicious transactions. The system further provides regular reports which include quantifiable litre and rand value losses.
When we view the total fuel consumption in our provinces and would be able to calculate the astronomical rand value, we face the undeniable fact:
TO STAY IN BUSINESS AND TO STAY COMPETITIVE, WE NEED TO MINIMISE ANY POTENTIAL LOSSES. WE NEED A USER FRIENDLY, RELIABLE FLUID MANAGEMENT SYSTEM
in order to sustain our financial stability and growth despite of our difficult economical atmosphere in Southern Africa.