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MarketScreener Homepage  >  Equities  >  Nyse  >  FLEETCOR Technologies, Inc.    FLT

FLEETCOR TECHNOLOGIES, INC.

(FLT)
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FLEETCOR Technologies : Teletrac Navman Expands Integration With FLEETCOR Technologies Giving Fleet Managers Critical Information Combining Point of Purchase and Location

10/07/2020 | 08:02am EST

GARDEN GROVE, Calif., Oct. 07, 2020 (GLOBE NEWSWIRE) -- Teletrac Navman, a global software-as-a-service provider that leverages location-based technology and services for managing mobile assets, and its partner FLEETCOR Technologies, Inc. (NYSE: FLT), a global business payments company and leading provider of fuel cards in North America, have announced the expansion of a technology integration that will help fleet managers track and control fuel costs.

Under the agreement, all Teletrac Navman customers who also use Fleetcor-issued fuel cards will have the ability to monitor fuel purchases and match them to merchant locations. The information is accessible on a client’s Teletrac Navman fuel usage report to ensure drivers are using the proper routes and not overpaying for fuel.

“We are pleased to offer this high level of business intelligence across our entire customer base,” said Marco Encinas, senior product manager at Teletrac Navman. “Monitoring fuel purchases through both cost and location is a valuable tool for fleet managers to prevent fraud and protect margins.”

“Fuel purchasing is one of the most vulnerable points for a fleet manager, and FLEETCOR-issued fuel cards give fleet and business managers greater control, reporting, convenience and savings,” said Mike Ross, Senior Vice President of Channel Development. “By leveraging this function with the GPS location capabilities of the Teletrac Navman DIRECTOR® platform, we have addressed one of the industry’s biggest operational issues.”

In a recent FLEETCOR market study performed by Cascade Insights, 59 percent of fleet managers cited “real-time data/GPS features” as one of their most valuable capabilities of a fuel payment solution.
The enhanced integration of FLEETCOR-issued fuel card transaction data when coupled with the GPS tracking data within DIRECTOR, tackles this problem head-on.

Used together, the integrated technology flags suspicious transactions through reports helping to identify potential fuel card fraud or misuse. Businesses can also compare fuel costs for different vehicles to detect possible inefficiencies. When fuel purchased is mapped to a vehicle’s mileage in reports, regulatory compliance is also made easier.

Additional features of FLEETCOR-issued fuel cards include enhanced security with driver ID/PIN validation and the setting of spending limits including merchant type, day of the week, and time of day.

To learn more about this partnership and how it can help you protect margins visit https://www.TeletracNavman.com/platforms/integrations-enhancements/fleetcor.

About Teletrac Navman
Teletrac Navman is a leading software-as-a-service (SaaS) provider leveraging location-based technology and services for managing mobile assets. With specialized solutions that deliver greater visibility into real-time insights and analytics, Teletrac Navman helps companies make better business decisions that enhance productivity and profitability. Its fleet and asset management technology uncovers information that would otherwise go unseen, helping customers reduce risk and confidently move their business forward with certainty. It tracks and manages more than 500,000 vehicles and assets for more than 40,000 companies around the world. The company is headquartered in Garden Grove, CA, with additional offices in the United States, United Kingdom, Australia, New Zealand and Mexico. For more information visit www.teletracnavman.com.

About FLEETCOR
FLEETCOR Technologies (NYSE: FLT) is a leading global business payments company that simplifies the way businesses manage and pay their expenses. The FLEETCOR portfolio of brands help companies automate, secure, digitize and control payments on behalf of their employees and suppliers. FLEETCOR serves businesses, partners and merchants in North America, Latin America, Europe, and Asia Pacific. For more information, please visit www.FLEETCOR.com.

Media Contact for Teletrac Navman:
Andrew King
Bastion Elevate
914-513-6895
andrew@bastionelevate.com


Teletrac Secondary-Logo.png

Source: Teletrac Navman

2020 GlobeNewswire, Inc., source Press Releases

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Financials (USD)
Sales 2020 2 381 M - -
Net income 2020 687 M - -
Net Debt 2020 3 405 M - -
P/E ratio 2020 33,6x
Yield 2020 -
Capitalization 22 119 M 22 119 M -
EV / Sales 2020 10,7x
EV / Sales 2021 9,43x
Nbr of Employees 8 000
Free-Float 64,7%
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Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 283,20 $
Last Close Price 265,21 $
Spread / Highest target 22,2%
Spread / Average Target 6,78%
Spread / Lowest Target -9,51%
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NameTitle
Ronald F. Clarke Chairman, President & Chief Executive Officer
Charles Richard Freund Chief Financial Officer
Scott A. duFour Global Chief Information Officer
Mark A. Johnson Independent Director
Steven THeodere Stull Independent Director
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