Measuring ROI with Avis Fleet Telematics vehicle tracking
Every Financial Manager wants to boost their bottom lines but how do they go about doing this? Outsourcing fleet management is a step in the right direction and so is making sure that you make use of the latest technology as part of your fleet’s management. Most Fleet Managers will agree that technology is important for developing a business but it’s hard to put a figure on how this translates into return on investment (ROI). It’s understandable that many Fleet Managers have reservations about investing in technology until it has shown ROI, so is there a way that this can be done?
Wondering how to measure ROI?
The short answer is Avis Fleet Telematics. This vehicle tracking tool is not only already available but also user-friendly. Avis Fleet Telematics makes use of the information from your vehicles’ existing digital system. GPS, for example, is widely used for navigation and tracking vehicles that are stolen. Avis Fleet Telematics can take this further by making use of this knowledge of where the vehicle is, to make sure drivers are taking the shortest routes, and not making unnecessary stops. With this system, driver behaviour is analysed with the goal of reducing costs, gauging whether a driver is speeding, over-revving, idling, or braking too fast.
What are the benefits of vehicle tracking?
Avis Fleet Telematics can be used to improve driver behaviour. For example, vehicle tracking decreases the problem of speeding because it alerts the driver when they are exceeding the speed limit and allows him/ her to correct the situation before it escalates. When you have this information for an entire fleet, the cost saving and ROI is even more evident. Fleet Managers can increase productivity by knowing exactly where each vehicle is during the day and ensuring they are reaching their full potential for trips during the week. With Avis Fleet Telematics, you can get a detailed look at the performance of your fleet. Fleet operators can now see that their fleet is using the best routes and saving time and mileage.
How does this translate into ROI?
The benefits of vehicle tracking are measurable and cumulative and, as they are monitored, improvements can be seen month-on-month. Avis Fleet Telematics and fleet reporting have assisted Avis Fleet customers to save up to 20% in fuel costs, and has also led to a reduction in maintenance costs. There is a reduction in accidents and an improvement in safety generally. This has a knock-on effect: being safer means less money spent on repairs, insurance premiums, legal costs, healthcare, and finding alternative staff to cover someone who has been injured.
Avis Fleet Telematics is used for investigations to prove drivers were not at fault and can be used to recover a vehicle that has been stolen. Avis Fleet Telematics can also help you with your South African Revenue Services (SARS) compliant logbook which cuts down on red tape by automatically factoring in information so that drivers don’t have to complete it manually, which, in turn, gives them time to focus on growing your business.
So, there’s no disputing that Avis Fleet Telematics vehicle tracking can show the ROI of technology that is adopted by Fleet Managers.
Avis Fleet is a fleet management company with longstanding experience and expertise. We aim to help companies optimise their fleet with our range of solutions designed for your needs. For more information about our vehicle financing solutions click here, or feel free to contact us directly with any questions that you might have regarding our services.
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