Precision, automated analysis of your vehicle tracking data to help you maximise the value of your transport asset investments
Make your FTC Calculations easy with Prism
PRISM automates your FTC calculations by using advanced GPS analytics and your existing telematics data!
Connecting with your Leading Edge device, Prism automatically analyses your vehicle activity data with spatial mapping data and apportions your fuel use to public and non-public roads. Prism then provides customers with a monthly FTC report containing a breakdown of the fleets activity in relation to Fuel Tax Credits.
What are Fuel Tax Credits?
Fuel Tax Credits are an important entitlement for many commercial transport operators, based on apportioning fuel use between eligible activities.
The amount depends on when you acquire the fuel, what fuel you use and the activity you use it in. Fuel tax credits rates also change regularly so it’s important to check the rates each time you do your business activity statement (BAS).
https://www.ato.gov.au/Business/Fuel-schemes/Fuel-tax-credits—business/
Why use Prism?
Prism automates your fuel apportionment calculation process connecting directly with your telematics device. Prism uses your GPS position data and their bespoke mapping data covering Australia’s national road and land features.
What used to require weeks of manual work using limited sample data can be produced by Prism in minutes, using complete and highly detailed data of live vehicle activity.
Using Prism will get you more precise calculations so you can ensure your business is claiming it’s full entitlement, while also having full transparency into every movement and activity that contributes to the result.