Controlling costs is no longer an option, it is mandatory in order to survive in today’s tough economy. Companies with large vehicle portfolios are looking to fleet management companies to help them control and reduce their costs. Fleet management companies are seeking new ways to reduce their own expenses.
Some of the world’s largest fleet card processors rely on CoreCard’s core fleet card management software systems to process millions of cards and billions in annual dollar volume. Since 2008, a client who provides fleet payment solutions to businesses has relied on CoreCard’s Fleet Solution.
Business and Technical Situation:
The client serves one million card holders and roughly 75,000 companies. The client was looking for a solution that would allow them to customize their commercial card credit offering to their customers including small local fleets and long haul trucking companies.
The CoreCard solution allows them to make unique agreements between specific merchants or merchant groups and specific fleets based on many contractual parameters.
CoreCard’s unique approach in development separates commonly used cross platform technologies from the unique functional demands of the individual products. The benefit in this approach is lower overhead, as all of the common components, needed across applications, are available for shared usage to all CoreCard products. The end result is a significant reduction in the physical footprint in data processing centers, making
CoreCard’s products less costly to operate and maintain.
Key benefits include:
- Real-time Transaction Controls
- Anti-fraud Controls
- Single, Unified Billing
- Easily customizable interfaces and reporting
- Flexible billing cycles and funding options
- Issue and manage cards in complex hierarchies with roll-up billing
- Integrated Authorization module utilizing card, merchant, fleet and transaction level data
Since the client went live in 2008, it has allowed them to expand their functional offerings to its customers and offer tighter controls on card purchases. In addition, CoreCard’s Fleet Solution has helped them grow their business exponentially.
corecardsolutions.tech.blog 