Technology poised to transform fleet management.

Fleet sizes have been slashed and long-standing procurement policies rewritten to include cheaper, more fuel-efficient vehicles, in car parks historically dominated by large locally manufactured six-cylinder vehicles. These changes have also signalled the end of a company car as an entitlement.

For many fleet managers and suppliers, the next task will be to capitalise on their investments in technology over recent years.

Guy Steel, chief financial officer at WEX Australia, believes telematics and cardless payments will deliver more efficiency with greater adoption.