British Gas parent company Centrica has chosen its own provider of fleet card services.
Reports Tuesday (Feb. 21) said Centrica will use fleet card solutions provided by Barclaycard Fuel+ and TMC, which include mileage auditing and fleet management services. The Barclaycard Fuel+ tool includes chip-and-PIN security and can be used where Visa cards are accepted, the companies said, while TMC provides fleet management tools like fuel spend visibility.
The contract will run for three years and was secured after a “competitive tender process,” Centrica said.
“Barclaycard Fuel+, in association with TMC, is an exciting opportunity to take our fuel program to the next level,” said Centrica Head of Fleet Steve Winter. “The program provides unique insight into behaviors and gaps that were previously not visible and difficult to manage or impact. More importantly, the program will enhance the ability of our drivers to prioritize safety and deliver cost savings to the business.”
“We are delighted to be working with Centrica, providing a fuel program that will not only be simpler for their drivers and fleet managers but will also help the business reduce its fuel costs,” added Barclaycard Head of Multinational Corporate Business Michael Pechner in another statement.
The fleet management space is a growing one, with analysts last year forecasting the industry to experience a 23.9 percent CAGR through 2021. The industry is also expected to see a $27.9 billion valuation in 2021, researchers at MarketsandMarkets said, thanks to increased maintenance costs and fuel consumption, among other factors.