Improve fleet visibility with a collaborative solution
2020-09-04T22:00:00.000Z
Many companies struggle to maintain optimal fleet visibility and monitor asset status and expenses in real time. Using a collaborative fleet management software solution provides a complete view of fleet information so you can make data-driven decisions and improve all your operations.
Gain visibility
Maintaining fleet visibility is one of the most important aspects of fleet management, but it can often be a challenge for many fleet managers.
Using outdated systems such as spreadsheets and paper does not provide real-time insight into your fleet's operation, which can lead to inefficiencies, downtime and poor spending decisions.
Using integrated software allows you to gain insight into the fleet by monitoring asset health and expenses and collaborating with your team on maintenance tasks. By managing everything in one platform, you can easily keep track of all your fleet data to save more time and optimize your management processes.
Asset utilization and telematics tracking
Most fleets use a location-based solution, but many don't take full advantage of the fleet data they collect. Knowing where your assets are on the map is certainly important for monitoring productivity, but you also need to leverage telematics data to track and improve other areas of your fleet, including maintenance, fuel, geofencing and more.
The combination of a telematics solution and fleet management software improves fleet visibility by providing real-time access to a wealth of data. Getting the most out of your vehicles is imperative to your bottom line, and understanding whether you are under- or over-utilizing vehicles can help you make decisions that will help you maximize your fleet's profitability.
Expense tracking
Fuel and maintenance are often the largest ongoing expenses for fleets, so it's imperative that you keep a close eye on expenses to stay on budget. Both of these items can be easily tracked in the fleet management software to get a complete fleet overview.
Whether you manage maintenance in-house or outsource it to a third party, fleet management software allows you to track all maintenance expense information. Not only does this keep you informed, but it also eliminates time-consuming data entry and ensures that all expense information is accurate.
Tracking fuel costs and consumption can be frustrating when trying to calculate total expenses based on fuel receipts. Having your drivers enter fuel into a fleet management solution or integrating your fuel cards provides real-time fleet information such as cost per mile and fuel economy.
Total cost of ownership of the fleet (TCO)
Knowing your total operating costs is one of the most valuable pieces of fleet information, as it ultimately determines your return on investment (ROI) and the success of your business. Calculating total cost of ownership can be one of the most difficult tasks for a fleet manager using outdated management systems.
Getting real-time visibility into your fleet's operating costs doesn't have to be difficult, however. Fleet management software provides a simple solution to calculate and track your TCO. Managing all fleet data on a single platform ensures you have accurate and up-to-date information on operating expenses. This level of fleet visibility allows you to identify expense trends in your fleet and determine strategies to improve your bottom line.