No longer is it just enough to process a transaction or payment, big data is being leveraged to make decisions faster and smarter, automate processes, and ultimately gain what all businesses strive for – the proverbial edge over the competition. Big data is important and that’s what differentiates EFS – the ability to leverage big data to inform decisions, influence processes and completely shift the dynamics of ‘fuel cards’ in our industry.
EFS is a big data company that just happens to process transactions at its core and here is how we’re helping our industry make the transformational shift toward a more integrated approach of utilizing big data – both in real time and through back-end analytics – to improve efficiency, performance and in most cases, generate additional revenue. Control and prevent unauthorized purchases to increase bottom line performance – EFS’ SecureFuelSM solution uses big data to help identify purchase irregularities, trigger real-time alerts and ultimately helps Carriers better manage and control their second largest variable expense. Validate, audit and improve fuel spend – EFS’ Fuel Reconciliation web-based tool helps Carriers save valuable time auditing and reconciling fuel spend with big data powering real-time reporting and analysis.
Gain greater transparency and visibility and improve driver performance – EFS’ Electronic Fuel Management web-based tool leverages big data to provide KPI tracking and purchase reporting along with real-time and historical pricing analysis to take control of and better manage fuel spend. Evaluate how capacity is doing in the marketplace and benchmark volume against peer groups – EFS’ Carrier TrendSourceSM leverages big data to show Carriers how freight volumes are trending, and in turn, how that correlates to their volume. This powerful tool provides portfolio analysis to benchmark against peer groups, create actionable insights, and it emphasizes data visualization and dashboards to easily spot trends and exceptions across a wide variety of performance metrics.
Big data is the future. But the big data concept is only a useful tool if you can combine (1) access to a huge amount of relevant information, with (2) a powerful software engine that is fine-tuned by industry experts to identify accurately only those trends and patterns that are relevant to real-world business decisions. Without both parts of the equation, you will have too little data or the sea of information will confuse and distract you, at best. EFS is uniquely positioned to provide that combination and will continue to look for new ways big data can drive efficiency and profitability for the industry.
This article was originally published on www.ttnews.com can be viewed in full
Archive
- April 2024(119)
- March 2024(112)
- February 2024(109)
- January 2024(95)
- December 2023(56)
- November 2023(86)
- October 2023(97)
- September 2023(89)
- August 2023(101)
- July 2023(104)
- June 2023(113)
- May 2023(103)
- April 2023(93)
- March 2023(129)
- February 2023(77)
- January 2023(91)
- December 2022(90)
- November 2022(125)
- October 2022(117)
- September 2022(137)
- August 2022(119)
- July 2022(99)
- June 2022(128)
- May 2022(112)
- April 2022(108)
- March 2022(121)
- February 2022(93)
- January 2022(110)
- December 2021(92)
- November 2021(107)
- October 2021(101)
- September 2021(81)
- August 2021(74)
- July 2021(78)
- June 2021(92)
- May 2021(67)
- April 2021(79)
- March 2021(79)
- February 2021(58)
- January 2021(55)
- December 2020(56)
- November 2020(59)
- October 2020(78)
- September 2020(72)
- August 2020(64)
- July 2020(71)
- June 2020(74)
- May 2020(50)
- April 2020(71)
- March 2020(71)
- February 2020(58)
- January 2020(62)
- December 2019(57)
- November 2019(64)
- October 2019(25)
- September 2019(24)
- August 2019(14)
- July 2019(23)
- June 2019(54)
- May 2019(82)
- April 2019(76)
- March 2019(71)
- February 2019(67)
- January 2019(75)
- December 2018(44)
- November 2018(47)
- October 2018(74)
- September 2018(54)
- August 2018(61)
- July 2018(72)
- June 2018(62)
- May 2018(62)
- April 2018(73)
- March 2018(76)
- February 2018(8)
- January 2018(7)
- December 2017(6)
- November 2017(8)
- October 2017(3)
- September 2017(4)
- August 2017(4)
- July 2017(2)
- June 2017(5)
- May 2017(6)
- April 2017(11)
- March 2017(8)
- February 2017(16)
- January 2017(10)
- December 2016(12)
- November 2016(20)
- October 2016(7)
- September 2016(102)
- August 2016(168)
- July 2016(141)
- June 2016(149)
- May 2016(117)
- April 2016(59)
- March 2016(85)
- February 2016(153)
- December 2015(150)