A strategic approach to a transponder-based toll management solution can increase operational efficiencies while having a positive impact on the bottom line
“Cash is king” is a phrase that applies to just about anything, but it does not apply to paying for your toll. With the ever-changing toll landscape and the rise of all-electronic tolling, the preferred method of payment for most toll facilities is the transponder, and now more than ever, developing a transponder-based approach to toll management has a number of significant benefits for fleets.
Ready to save time and money on toll? Bestpass, the commercial toll management experts, has created a list of the top-five benefits of choosing a transponder-based approach to toll management.
- Get access to as many toll discounts as possible. Many tolling authorities offer discounts for using transponders as opposed to paying via toll by plate or cash, since cash transactions take more time and require significant overhead for the tolling authority. These discounts can add up quickly for a fleet, positively impacting the bottom line and easily offsetting any service fees for transponder service.
- Forget about worrying about having cash on hand and reimbursing drivers, and you can quickly move through the facility. If a toll facility has not yet made the transition to AET, then paying cash at a toll booth can become an administrative burden while costing more than the transponder rate, not to mention the headache that comes with reimbursing drivers for tolls that they had to pay with their own cash. For a toll facility with a gated barrier, a transponder ensures proper payment and the ability to pass through the toll collection point.
- Save on major toll roads in New Jersey, New York, Ohio, and Pennsylvania. Does your fleet travel the Northeast United States? If so, you most likely know that the tolls add up quickly in these heavily trafficked areas. Using a transponder, especially on the Northeast toll roads, can result in significant savings. The transponder rate represents significant savings over the cash and toll by plate rates, and a single device will work across most facilities, which mitigates some administrative burden from managing devices across a fleet.
- Receive toll transactions as quickly as possible. Toll by plate transactions typically take much longer to post, and cash transactions often require receipts and back-office effort to process. If a fleet reallocates or rebills its toll fees as a standard business practice, then the delay inherent in plate-based or cash transactions can disrupt accounting, resulting in, at best, a delay in billing, or, at worst, the inability to recoup the expense. With a transponder, transactions post as quickly as possible, typically within 72 hours.
- Ability to use Express and HOV lanes. Express lanes and high occupancy vehicle (HOV) lanes, if the fleet’s vehicles are eligible to use them, require transponders. Saving time by using these lane options can be well worth any cost associated with transponder deployment and management.
Bestpass provides a comprehensive payment platform with a focus on nationwide toll management for commercial fleets of all shapes and sizes. With more than 7,700 customers and more than 600,000 deployed toll transponders in the United States and Canada, Bestpass ensures data accuracy, consolidates payments, delivers invaluable industry expertise, and saves its users time and money. Founded in 2001 by truckers for truckers, Bestpass is now a trusted partner on the road and in the back office for customers, tolling authorities, and related organizations. To learn more, visit www.bestpass.com.