Motive has added a new Missed Savings feature to its fuel card, to help customers make smarter fueling decisions.

The company claims it’s the industry’s only automatic fuel savings detection tool and was created to help fleets recoup US$6.7 billion in potential fuel savings a year.

Motive estimates it will help fleets reduce their fuel spend by 5% or more. Available through the Motive Card, the Missed Savings feature identifies areas of wasteful fuel spend for fleet managers.

“The cost of doing business has never been more expensive – in large part due to high and varying fuel costs. On top of that, spend management data lives in hard-to-access, disparate systems that are time-consuming to analyze. Businesses are wasting millions of dollars on missed fuel savings per year because they don’t have access to the data needed to make smarter fuel decisions,” said Hemant Banavar, vice-president of financial products at Motive.

“With this new offering, Motive is the only fleet card delivering automated insights to empower managers to control spend, better manage and coach drivers, and achieve up to 5% or more in savings. With fuel expenditure for the trucking industry around $134 billion annually, we estimate the trucking sector alone missed out on approximately $6.7 billion in potential fuel savings last year.”