Fuelman Partners with CarAdvise to Serve SMB Fleets with Digital Fleet Maintenance Capabilities

Rhea-AI Summary

Fuelman, a subsidiary of FLEETCOR (NYSE: FLT), has announced a strategic partnership with CarAdvise, a leader in digital vehicle maintenance. This collaboration integrates Fuelman’s fuel management solutions with CarAdvise’s maintenance SaaS platform, aiming to enhance fleet operations for small and medium-sized businesses (SMBs). With a focus on reducing costs and complexities, the partnership offers features like national discounts and price transparency for vehicle maintenance. FLEETCOR is investing $5 million to support CarAdvise's growth, with card members expected to access benefits by January 2022.

Positive

• Strategic partnership with CarAdvise enhances service offering for SMBs.
• Investment of $5 million will accelerate CarAdvise's growth.
• Integration offers cost savings and price transparency to fleet owners.

Negative

• Dependence on the success of the partnership with CarAdvise for future growth.

Agreement signals a growing demand for cost-efficient and streamlined fleet expense management services

ATLANTA--(BUSINESS WIRE)-- Fuelman, a FLEETCOR company and world leader in payment innovation, announced today a strategic partnership with CarAdvise, America’s top digital vehicle maintenance and repair marketplace. The partnership combines Fuelman’s managed fuel programs with CarAdvise’s vehicle maintenance SaaS platform to improve business outcomes for small and medium-sized businesses (SMBs) with fleets. The partnership will reduce the cost and complexity of fleet maintenance by enhancing price transparency with a seamless, digital car care experience that unlocks national large fleet discounts for fleets of all sizes.

Fuel and vehicle maintenance are two of the largest operational expenses for SMB owners managing fleets. The integration of Fuelman and CarAdvise will give fleet owners a single point of access for tracking, scheduling, and paying for vehicle maintenance procedures from regular services, such as oil changes, tire rotations, fuel expenses, and filter changes, to any of CarAdvise’s over 3,000 more complex services offered.

“Small businesses typically lack dedicated resources to track, manage and prioritize preventative vehicle maintenance and costly repairs that larger companies can afford. As a result, businesses are forced to repurpose time that is better spent managing and growing their core business, overpay for maintenance, or worse, have vehicles taken offline by preventable maintenance issues,” said Fuelman Senior Vice President, Keagan Russo. “This partnership automates the most necessary and time-consuming tasks that small business owners face while keeping them focused on building and leading their companies with digitized solutions that are cost and time-efficient.”

As the growing demand for digitized services for drivers, fleet owners, and business owners increase, Fuelman and CarAdvise make it easier to browse services, compare repair shops, and schedule appointments all from the convenience of their digital devices. Additional benefits include:

• Updates from repair and maintenance shops
• Flexibility and control over fuel expenses
• Customizable fuel controls
• National fleet-level discounts and full price transparency on services from CarAdvise’s network
• Rebates and discounts in the Fuelman Network

“Partnering with Fuelman allows us to better serve the SMB customer base,” said Greg Tepas, Founder and CEO of CarAdvise. “Our companies are aligned in our commitment to empowering small business owners by providing necessary resources to make better-informed business decisions that instill confidence and positively impact their bottom lines. Fleets haven’t had a marketplace like this available to them in the past and with our technology we’ve made managing fleet maintenance more cost effective, more convenient and more cost effective for fleets especially those that don’t have a dedicated full-time fleet manager.”

Cardmembers will be able to access these benefits by January of 2022. As part of the partnership, FLEETCOR is investing $5MM to help CarAdvise accelerate its strong record of year-over-year growth. “CarAdvise fits in perfectly with FLEETCOR’s mission of simplifying the way that businesses manage and pay their expenses,” said Russo. “As we move further into a world where connected vehicles are not just a reality, but the norm, this partnership positions us to lead the way with fleet-centric innovation that connects data to actionable insights to time and cost-saving solutions for our customers.”

To learn more, visit https://caradvise.com/

About Fuelman

Founded in 1985, Fuelman is now the leading fuel expense management solution for small and medium sized businesses (SMBs) with local fleets. Fuelman’s managed fuel programs help over 40,000 businesses track, manage, and control fuel expenses with customizable fuel controls and real-time alerts and reporting, ensuring SMBs can better service their customers while minimizing operational inefficiencies and costly misuse of fuel charges. The company is a subsidiary of FLEETCOR Technologies’ (NYSE: FLT) portfolio of brands. For more information, visit www.fuelman.com.

About CarAdvise

CarAdvise is the largest online marketplace for vehicle maintenance and repair. Through its innovative platform, CarAdvise has created the only place on the web to compare prices for maintenance services at thousands of shops throughout North America. Consumers and commercial fleets receive upfront discounted pricing when booking through CarAdvise using its proprietary technology to approve and pay for services suggested by the shop in real-time. CarAdvise service descriptions and unbiased advice protect customers from unnecessary work resulting in greater trust, convenience, and savings. For more information visit www.caradvise.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211123005557/en/

Trish DaCosta

KCD PR (for Fuelman)

Comdata@kcdpr.com

(619) 955-7759

Source: Fuelman

FAQ

What is the recent partnership between FLEETCOR (FLT) and CarAdvise about?

FLEETCOR (FLT) has partnered with CarAdvise to combine fuel management with vehicle maintenance services, enhancing offerings for small and medium-sized businesses.

How will the partnership between Fuelman and CarAdvise benefit SMBs?

The partnership will reduce fleet maintenance costs and complexities, providing a single platform for managing fuel and maintenance services.

When will card members start accessing benefits from the Fuelman and CarAdvise partnership?

Card members will be able to access these benefits by January 2022.

What is FLEETCOR's investment in CarAdvise?

FLEETCOR is investing $5 million to support CarAdvise's growth and enhance service offerings.

What services will be included in the Fuelman and CarAdvise partnership?

The partnership includes vehicle maintenance scheduling, tracking, and payments, along with offers of national fleet-level discounts.