In the dynamic and ever-evolving logistics industry, managing fuel policies can be a complex and time-consuming task. Whether you are a policy creator setting up detailed fuel guidelines, a supplier navigating these policies, or a broker balancing both roles, the intricacies of fuel rate adjustments and policy administration can be daunting. FastFloat is designed to simplify this process, making the creation, updating, and administration of fuel policies seamless and transparent.
What is FastFloat?
FastFloat is an all-in-one platform that revolutionizes how fuel policies are managed in the logistics sector. It serves as a comprehensive tool for policy creators and suppliers, providing an integrated system to:
Create and set up fuel policies efficiently.
Give suppliers a clear view of how these policies work.
Aggregate and standardize fuel rates from across Europe.
Provide full visibility on invoice adjustments for shipments.
Ensure transparency on policy changes over time.
With FastFloat, the once arduous tasks of updating policies, handling manual calculation errors, and extracting figures from various fuel websites are a thing of the past. Once a policy is established within the system, it automatically handles all subsequent adjustments, allowing you to focus on what matters most: your logistics operations.
How FastFloat Works
The utility of FastFloat varies depending on your role in the logistics chain. Let's delve into how both policy creators and suppliers can harness the platform's features to streamline their fuel policy management.
For Policy Creators
As a policy creator, you hold the reins of how fuel policies are crafted and administered. FastFloat provides three core methods to create a fuel policy:
Policy Wizard: If you're unsure where to start or need guidance, the Policy Wizard is your go-to tool. It guides you through a series of questions about your transportation requirements and then recommends a fuel policy tailored to your business needs. You can then tweak the suggested policy to suit your specific preferences.
Manual Policy Creation: For those who have a clear vision of their policy requirements or are looking to replicate an existing policy within the FastFloat system, manual creation is ideal. This method allows you to input specific parameters, typically around 7-10, to define how your fuel policy should operate.
Duplicate Policy: When you need to create multiple policies with slight variations (perhaps for different countries or vehicle types), duplicating an existing policy is a swift and efficient approach. Simply choose a policy to use as a template, create a duplicate, and adjust the parameters as needed.
Once your policy is established, FastFloat offers the following benefits:
Policy Sharing: Share the link to your fuel policy with suppliers or potential partners. If the policy is set to 'restricted access,' you can control who has access within the FastFloat system.
Live Feed and Historical Data: Gain access to a live feed that shows historic, current, and projected future adjustments across all policy types. This data can be accessed via the FastFloat site, downloaded as an XLSX (Excel) file, or integrated via API for seamless data flow into your systems.
For Suppliers (Policy Viewers)
As a supplier subject to fuel policies, FastFloat provides you with full transparency and access to policy details. Here’s how you can utilize the platform:
Accessing the Policy: Start by entering the URL provided by the policy creator and creating an account on FastFloat. Depending on the policy settings, you might need to apply for access.
Viewing Policy Details: Once granted access, you can view comprehensive details of the fuel policy, including current and historical adjustments. This transparency helps you understand exactly how the policy affects your operations.
Saving and Downloading Policies: Save policies that are critical to your operations and access them easily from your dashboard. FastFloat also allows you to download adjustment details across policies in XLSX (Excel) format, making data analysis straightforward.
Why Choose FastFloat?
FastFloat is more than just a policy management tool—it’s a strategic asset in the logistics industry. Here’s why:
Efficiency: Automate the cumbersome process of policy updates and adjustments, freeing up valuable time and resources.
Accuracy: Eliminate manual calculation errors by relying on a system that ensures precise data aggregation and adjustment calculation.
Transparency: Provide all parties with clear visibility into policy details and adjustments, fostering trust and reducing disputes.
Flexibility: Whether you’re setting up a new policy, modifying an existing one, or managing multiple policies, FastFloat adapts to your needs.
In an industry where time and accuracy are paramount, FastFloat stands out as a critical tool for managing fuel policies with ease and precision. Embrace the future of fuel policy management and see how FastFloat can transform your logistics operations.
Learn more about FastFloat and how it can benefit your logistics business today.
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