So many drivers, so many payments, so little oversight.
With over 130 fraud investigation vehicles nationwide, PhotoFax, Inc.’s fleet needs refueling on a daily basis, but their dependence on physical credit cards offered little oversight. Reconciling payments and identifying fraud burdened their already busy back office with hours of extra work. The program was inefficient, had a lack of accurate financial oversight, and carried a high risk of fraud and misuse. So they turned to the card-free solution—Car IQ.
Keeping an eye on fraud.
With Car IQ’s cardless payment solution for fleets, PhotoFax now had a clear picture of fleet expenditures. All of the payments from drivers across the country are processed and visible on a single, simple ledger. This 360ª oversight showed PhotoFax’s back office what their fleet spent money on, and helped reduce both fraud and misuse.
A better way for their back office.
Not only did Car IQ’s solution help PhotoFax with identifying and eliminating fraud, it also saved them time and resources. By getting rid of physical cards, PhotoFax could now cut back on endless hours needed just to reconcile their fleet expenses. No more time spent wrangling and reconciling receipts. By making it easier for the PhotoFax investigators to easily pay for gas and track those payments, PhotoFax was able to create a seamless work experience for employees.
“We were spending multiple hours a week going through and verifying receipts, just making sure payments were accurate. With Car IQ, we can validate all of our payments and know that fraud isn’t an issue anymore.”
–Nic Molchan, Fleet Manager & Surveillance Trainer, PhotoFax, Inc.
It’s time for Car IQ.
PhotoFax did it. Now it’s your turn to flip from fleet cards to Car IQ. It’s the best way to operate with greater oversight, reduce fraud, vastly improve efficiency and better understand your fleet spend.
Interested? Let’s start a conversion today.
