The launch of 女奴视频 Motorpass Driver App comes at a time when rising fuel prices and interest rates are impacting Australian SMBs. Petrol prices have exceeded $2 a litre at times this year, and the termination of the fuel excise in September means that the full tax on fuel has been reapplied.

鈥淲e鈥檙e launching the 女奴视频 Motorpass Driver App at a time when businesses are looking to save precious revenue where possible,鈥� said Matthew Arthur, Vice President Fleet Asia Pacific at 女奴视频. 鈥淔or any small business operating a fleet, be it an online retailer, plumbing business, manufacturer, or the like 鈥� fuel can be a major cost. The 女奴视频 Motorpass Driver App ensures these businesses, and their drivers, can always find the most cost effective price available. The revenue saved can be used by business owners for multiple purposes, including investment for growth or back into the business.鈥�

The 女奴视频 Motorpass Driver App, which soft launched in Australia in January and has been running in beta, is already used by one of Australia's largest automotive cooperatives, Capricorn. Capricorn offers its members 鈥� which includes small automotive businesses 鈥� a broad range of services to help them better manage their business and save time and money. 鈥淭he Motorpass Drivers App is a fantastic tool for our members. It provides convenience and value, helping them to deliver better outcomes for their business. We will continue to encourage all Capricorn Fuel Card holders to download it. I know I use it whenever it is time to fill up to get the best value for money,鈥� said Brad Gannon, CEO Automotive at Capricorn.

The 女奴视频 Motorpass Driver App complements, and works in tandem with, 女奴视频鈥檚 Motorpass Card 鈥� one of Australia鈥檚 most widely accepted cards for fuel and vehicle-related expenses. The app is simple for businesses and fleet drivers to set up and navigate. Drivers simply log in with their 女奴视频 Motorpass Card number and can gain real-time pricing insights on fuel at thousands of locations across the country.

For more information and to download the app.

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People often forget that business travel includes a lot more than just travel 鈥� it also includes planning, booking, and the tasks that need to be done when the employee is back in the office, such as submitting expenses. With the associated policies and procedures required for travel expenses, the booking and expense of travel can often be one of the biggest burdens of business travel. Embedding technology into the administrative processes could be the answer.

Simplifying business travel with technology

A by FCM Travel Solutions explains that travel expense management tools allow employees to capture travel receipts digitally, approve plans and claims from a device of choice, log expenses at the most convenient times, and achieve faster expense approvals 鈥� which in turn means quicker reimbursements.

An important benefit of technology applied to business travel is that it can assist in detailed data capture as it helps record, compare, and assess expenses. This helps companies better understand expense breakdowns and work toward better budgeting.

The risk of fraud is also minimized as technology can be used to identify and track false reports or elevated claims.

How virtual cards can help

A by Strategic Treasurer and Bottomline conducted in 2019 found that 54% of large companies and 65% of smaller ones reported that 鈥渕anual payment generation workflows are error-prone and time consuming鈥� and represent a top B2B payment challenge for their treasury departments.

One technology that can help organizations alleviate these challenges and leave behind outdated, inefficient, and manual payment processes is Virtual Card Numbers (VCNs). VCNs simplify and increase the security of every transaction, as each payment can only be used for a specific purchase with a specific supplier - and it all happens automatically. by Juniper Research, found that the annual value of VCNs used by businesses will grow 90 percent over the next four years, exceeding $1 trillion in 2022. This is up from an estimated $568 million in 2019.

Payments using VCNs are becoming increasingly popular because they offer several benefits, including flexibility, online account management, seamless integration, and more. Major expenses such as hotel rooms can be paid by a company-provided VCN, eliminating the need for the employee to use their corporate card and expense the cost when they return. VCNs allow employees to use their card for incidentals while also providing travel managers with increased control of expenses聽聽聽聽 聽and more fraud protection than regular corporate travel cards.

Engaging suppliers to embrace VCN鈥檚 should be a priority for businesses to help handle supplier payments. It鈥檚 possible to engage with suppliers by first and foremost raising their awareness. Suppliers may not be familiar with VCNs and the value they provide, so educating them on how the technology can yield cost savings and workflow improvements is essential. Once the suppliers understand the basic technicalities of accepting VCNs, an explanation into why other industry suppliers have adopted VCNs as a preferred payment method is crucial. Highlighting that VCN鈥檚 encourage more secure processing, help in the enhancement of international payments, and assist in the paperless evolution is also beneficial.

Finally, VCN payments expedite payment processes, save money on transactional fees, and provide more detailed data to help inform business decisions.

Looking ahead to the future of business travel

As we move into the post-Covid era, the uptick in business travel and face-to-face business engagements have resulted in an increase in expense claims and a lot of administration for finance departments.

Technologies such as VCNs and other travel expense management tools can streamline the administrative side of business travel; improve productivity; reduce risk; lighten the workloads of finance, HR and admin teams; and improve supplier relationships 鈥� a win-win all around.

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The shift to more distributed ways of working has led to both suppliers and buyers being forced to speed up the digital transformation of their payment systems. This was highlighted in , which showed that 82 per cent of SMEs had implemented a change in the way they receive and send payments, and 67 per cent said those changes were caused by the pandemic.

It's not just behavior and changes to the ways we work that have forced digitization. The unstable economy brought on by the pandemic and other global factors, which led RBA deputy governor Michele Bullock to call the outlook for the global economy 鈥溾�� is likely to do the same with plenty of research suggesting that economic downturns lead to greater digitization, which in turn can be an effective future-proofer.

How companies can get ahead with digital payments

The pandemic and extensive lockdowns meant businesses largely had to move away from paper-based processes, a trend that鈥檚 set to continue as remote and hybrid work environments seem destined to stay.

At the same time, the corporate travel industry is rebounding . In-person business interactions have also increased. As such, there has been a rise in the volume of payments and expenses that businesses have to process. This is burdensome for finance departments and while digitisation is key, getting the right digital tools in place is fundamental.

Companies should look for technologies which streamline accounts payable processes, safeguard against fraud and misuse, and create greater control over payment processes.

Furthermore, digital payment technologies should reduce costs while generating revenue from payments and strengthen buyer and supplier relationships by enabling organizations to execute business-to-business payments efficiently and on-time. Virtual cards, which dramatically simplify supplier payment processes, are a good place to start.

Economic instability breeds digitization

In an unstable economy, investing in technology and optimizing digital practices to improve efficiencies is critical. A recent , for example, names accelerating to the cloud and radically challenging collaboration approaches, workflows and processes to make them faster, simpler and more agile as winning actions to take in a recession.

Digitization can be a solution during economic downturns. When you take full advantage of technology in your operations, you provide opportunity for greater time management, more innovation and creativity. This in turn allows you to produce products and services that best suit the future needs of your customers.

The road ahead for digital payments

Distributed ways of working brought on by the pandemic changed the way we transacted with employees and suppliers.

It accentuated the need for the digital transformation of payments and adopting technologies which streamline accounts payable and payments processes.

The road ahead is bright for those who recognize that technology isn鈥檛 just the key to the ignition, but the fuel that will power their trajectory in a post pandemic world.

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) did a recent study on WFA, highlighting that it offers notable benefits to individuals and companies. Organizations have the option to reduce or eliminate real estate cost, take advantage of global talent, offer geographic flexibility to employees and decrease commuting times. , allowing employees to live and work from anywhere, partnering with destinations to help attract remote workers. WFA also gives individuals the option to travel whilst working, encouraging a better work life balance.

But, with all relatively unknown practices 鈥� there are both opportunities and concerns. WFA has the potential to affect communication skills, such as brainstorming and problem-solving, knowledge sharing, camaraderie, and mentoring. These basic skills are necessities for development, especially for junior staff starting out in the workforce. Distributed ways of working also lead to potential data security vulnerabilities, and there are regulatory issues to consider. For example, some countries allow people to work remotely on a tourist visa, but others do not - so it鈥檚 important that HR teams and business leaders check what the rules are in countries employees may be traveling to. , countries that offer a form of digital nomad visas include Australia, Czech Republic, UAE, Estonia, Germany, Thailand, Indonesia, Italy, Spain, and Brazil, among many others. These visas typically require proof of income and remote employment, travel insurance, and intent to depart.

Working from anywhere isn鈥檛 suitable for all industries

Consulting group commissioned research into the analysis of 2,000 tasks, 800 jobs, and nine countries. Their overall analysis found that the potential for remote work is significantly concentrated among highly skilled, highly educated workers in a handful of industries, occupations, and geographies. Finance and insurance have the highest potential due to the nature of their role and the ability for activities to be executed remotely and without loss of productivity. Management, business services, and information technology have the next highest potential, all with more than 50% of employee time spent on activities that could effectively be done remotely. These sectors are characterized by a majority of workers with university degrees or higher. Therefore, it is important for companies to carefully consider the nature of their industry and the ability for work to be done remotely before implementing any WFA or WFH initiatives. (, November 23, 2020, Section 1, Exhibit 2)

Processes are vital for a work from home set-up

Getting processes right is key. Since COVID and the rise in distributed ways of working, multi-currency digital payments have become ever more important. The shift to more distributed ways of working has led to both suppliers and buyers being forced to speed up the digital transformation of their payment systems. This was highlighted in , which showed that 82% of small businesses had implemented a change in the way they receive and send payments, and 67% said those changes were caused by the COVID-19 pandemic. Virtual cards, which dramatically simplify supplier payment processes, are a good place to start. 女奴视频鈥檚 virtual payments solution, for example, allows organizations to pay suppliers globally in over 150 currencies, saving up to 3% per transaction by avoiding unexpected mark ups and fees. The same applies to paying international staff. Technologies like borderless payments simplify the process of paying wages to overseas employees.

While the pandemic presented new challenges in work environments, it also brought 聽聽聽聽聽opportunity. The WFA model may not be suited for all employees or companies, but it鈥檚 proving to have its benefits. Organizations can reduce costs, be exposed to global talent, and promote a better work-life balance. With positives, however, come concerns and considerations. The WFA model can have a detrimental effect on communication skills, such as brainstorming and problem-solving 鈥� and it鈥檚 important that businesses check the rules and regulations with regards to visas when staff decide to work remotely. Getting processes right is also paramount, and there are technologies available that make distributed ways of working seamless that companies can adopt today.

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Managing an efficient, cost-effective fleet is a complex task with fleet managers under increasing pressure to keep costs low while delivering a reliable service. Switching to a fuel-efficient or alternate-fuel vehicle can have multiple benefits including saving thousands of dollars in running costs, reducing greenhouse and air pollution emissions, and offering an improved driver experience. Although fuel-efficient vehicles may cost more upfront, choosing a cheaper and less efficient model could end up costing more in the long term.

The global electric vehicle industry is rapidly changing and, while Australia has been slow to make the change, our government and business are now beginning to prioritize it.

A changing industry for fleet vehicles

Since the beginning of the conflict in Europe we have seen ever increasing gas prices around the globe. This has had a profound impact on both individuals and companies across the world and led many to rethink how they could save costs. Through this we have seen record numbers of drivers turn to fuel-efficient alternatives to save money, and by the end of 2022 , $34bn more than a year ago. They鈥檙e forecast to continue growing in 2023, with China and the USA accounting for half of these global sales.

While most fleets in Australia are still in the early stages of introducing EVs, more widespread EV adoption over the next 10-20 years by consumers, businesses, and automakers is being nudged along by regulatory changes from various government agencies around the globe.

In Australia, efforts are continuing to be made to encourage businesses and individuals to make the switch to EV鈥檚. The Labor Government, for example, announced Australia鈥檚 first federal tax cuts for electric vehicles. A $345 million electric car discount will exempt eligible cars from the fringe benefits tax and the five per cent import tariffs, which would in turn save an employer up to $9000 a year on a $50,000 car.

Alongside changes at federal level, state incentives across Australia mean now businesses can begin to plan a future that includes mixed fleets while also considering an eventual move to fully electric fleets once Australia has fully implemented the right infrastructure. The Committee for Sydney and ACT plan on banning new petrol and diesel vehicles from and respectively means now is the time to begin the long term planning of switching to a mixed fleet in order to save both time and money in the long run.

An exciting future ahead for fleet managers

The support shown by state Governments in the form of rebates, waived stamp duty and registration fees has had a positive impact on the transport industry.聽 as more Australians ditched the petrol pump. Further, some states and territories have made commitments to electrifying buses, with NSW leading the way by pledging to of over 8000 buses, which will be powered by renewables by 2030. But there is much more work to do.

Making the transition from ICE vehicles to clean electric vehicles will take some time as infrastructure, legislation and adoption remain largely in their infancy in Australia. There is, however, more and more of a focus on moving to a clean energy economy, and transportation is one of the key sectors making the shift.

While Australia continues searching for the solutions to become fully electric it is important that businesses learn to strike a balance between fuel and electric vehicles within their fleets. This means that come the time when the proper infrastructure is available businesses and fleet managers will be able to make the smooth transition to fully electric fleets.

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In March 2022, the Australian government acted by announcing a temporary, six-month tax cut to lower fuel prices. However, with the excise expiring in October and full taxes on fuel being reapplied, there鈥檚 no clear end in sight for business owners when it comes to rising fuel costs. For businesses, particularly those who operate fleets, the financial burden could prove significant. This has led them to examine what can be done to ease the associated costs.

Whether it鈥檚 a small business with a handful of vehicles or a large operation with hundreds or thousands in their fleet, the decisions they make now could have a profound impact on their bottom line.

As 女奴视频鈥檚 new Vice President for fleet business across the Asia Pacific region I understand that the rising cost of vehicle ownership, unpredictable fuel prices and emerging technologies means fleet customers need solutions now more than ever to help them simplify their operations.

A flexible approach to fuel price management is key

One important step is to incorporate flexibility into operating models because so much of what affects fuel prices is outside of a business鈥� control. This will allow organanisations to quickly adapt as gas prices rise and fall, natural disasters strike, or pandemics hit.

And it is innovation and the adoption of technological tools that are at the heart of this flexibility. ACCC research, for example, encouraged customers to shop around and continue to look at information about price cycles in capital cities and consult fuel price apps and websites to compare petrol prices. The ACCC鈥檚 analysis shows that motorists should adopt a flexible approach to fuel suppliers using the real time data available from these apps to ensure getting the best deal possible. These apps can not only save individuals money but also businesses operating fleets.

The 女奴视频 Motorpass Driver App, for example, allows fleet vehicle drivers and employees in sectors including construction, retail, manufacturing, and transport to find the best fuel prices closest to them - in realtime and at the touch of a button.

The case for EVs

With fuel prices set to remain considerably lofty, companies operating fleets would do well to consider a model of adopting electric vehicles 鈥� running mixed fleets to begin with and having a long-term goal of going fully electrical. This trend is already beginning to take shape. In fact, worldwide, electric vehicles (EVs) are in higher demand than ever before. In May 2022 it was reported that 52% of consumers worldwide seek out EVs, according to the latest EV Mobility Consumer Index (MCI), a spike from 30% just two years ago.

Moving forward as an industry in transitioning to EV

Transitioning to an EV fleet isn鈥檛 an overnight fix. The shift from pumping traditional fuel to charging an electric vehicle requires a new type of tracking: one that allows fleet managers to account for charging costs from various public and private chargers. Solutions are in place today that allow businesses to pay for public charging and technologies are evolving to offer a seamless experience for the management of mixed fleets.

It is important that businesses source the right technologies and find innovative ways to monitor and reduce their gasoline expenses. This includes apps that allow drivers to find the cheapest fuel closest to them and tools and resources that allow for the most effective and efficient path to EV adoption.

Innovation in fleet management technology and shifts towards a more sustainable are well underway, and there鈥檚 a lot to be excited about.

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