Growing company. Growing needs.
Amenity Collective is part of First Service, North America's largest manager of residential communities. They manage more than 9,000 communities and have the largest full service commercial pool management company in the country. As they grew the company, they started to see an increase in fuel card fraud and had less visibility and control of spending. Drivers, meanwhile, were burdened with manually entering their expenses for every fuel up, leading to inaccurate data and fraud. After jumping from one card program to another, they needed a dynamic payment solution that helped enhance security and lower their fuel spend. They needed Car IQ.
By switching to Car IQ, Amenity Collective saw big benefits.
12% transactions identified as fraud and friendly fraud.
$0.47 saved in price/gallon by eliminating fraud.
13.6% decrease in annual fuel spend.
Tracking spending. Stopping fraud.
Amenity Collective turned to Car IQ's seamless data-driven, payment management system. Without the hassle of physical cards, Car IQ uniquely tracks each vehicle based on real-time data like fuel level, odometer reading, and more. Funds from your credit line are allocated to your vehicles, allowing fleet vehicles to connect directly to merchants to pay for expenses like fuel, Amenity Collective tightened security with comprehensive information on every driver. Now, they could ensure purchases were being made for their intended vehicles—virtually eliminating fraud. Even better, Car IQ's platform recommended low-cost fuel stations to drivers across the country, helping the company reduce per-gallon spending by $0.47 and achieve a 12% decrease in annual fuel costs.
“Car IQ has been integral in improving governance of our fleet fuel spend and provided me with guardrails to prevent fraud that were not available with a fuel card process.”
—Eric Rowell, Amenity Collective, Director of Risk Management
A card-free, fraud-free future.
Car IQ's dynamic payment platform helped Amenity Collective say goodbye to fleet cards once and for all, and close the door on fraud for their company. Now, with Car IQ, Amenity Collective knows no matter how much they expand, they'll have control over their fleet spending and confidence in how each driver is contributing to the business.
Interested? Let’s start a conversion today.
