FuelGenie has launched an online savings calculator to help SMEs identify the benefits of switching to a fuel card.

According to fuelGenie, over 30% of SMEs are still operating a traditional pay and reclaim expenses structure.

According to the supermarket fuel card provider, over 30% of SMEs are still operating a traditional pay and reclaim expenses structure, with a further 36% of employees paying for fuel at the pump with a credit card.

The firm adds that businesses could save thousands by switching to a fuel card, not only on the initial fuel expense savings compared to the national average but also due to the time lost submitting and processing them.

Using the online savings calculator, businesses running more than one vehicle just need to enter a few details to find out what they could save over the course of a year.

Robert Pieczka, managing director of fuelGenie, said: “There are many reasons why using fuel cards can lead to savings for a business, but one of the biggest reasons is the time saving they can offer on the additional administration required by mileage expenses.”

To use the calculator, visit https://www.fuelgenie.co.uk/comparison/