If you’re interested in cutting costs in order to grow your fleet or just to increase the ROI for the one you already own, using a fleet management software solution can make that dream a reality. Here’s how.
Fuel is by far the biggest cost associated with a fleet of vehicles, and to make the most of your fuel resources, your fleet must be monitored for waste.
Fuel can be conserved with fleet management software in four major ways:
Fleets that utilize fleet management software have a better handle on how much fuel they consume by the week, month, and year so that they can correct issues before they get out of hand. As well, reporting for stakeholders and audits are easy to produce and analyze for planning purposes.
Maintenance costs vary and are unpredictable. However, fleets that can prevent unexpected or excessive maintenance on their vehicles save on the ever-increasing cost of repairing and replacing vehicles.
That’s where preventive maintenance comes in. But how do you keep track of warranties, oil change schedules, and mileage on each component for every vehicle in an entire fleet?
Fleet management software that provides managers and drivers with data like:
Fleet management software allows fleet managers to keep track of individual vehicle data so they can make the right decisions about maintenance. This helps keep a fleet in top condition and increases ROI on vehicles and all their parts.
Insurance claims that cost money in legal issues and damages add up fast if accidents and collisions aren't investigated objectively. Costs can mount up around claims, such as:
Videos from dash cams are powerful tools that control costs because they provide objective proof of fault. They can show exactly what happened before, during, and after an accident. This cuts the cost associated with the hundreds of hours spent investigating collision and accident claims. Video can literally prevent false claims altogether.
Video from dash cams connected to the Nexxo Fleet software can be collected and used to coach drivers in order to prevent accidents from happening in the first place.
As well, it alerts drivers in real time of distraction events, speeding, tailgating, and more. This not only prevents collisions (which saves on insurance costs, repairs, and vehicle replacements), it also increases safe driving habits which has the power to make a huge, positive impact on the ROI of a fleet that uses the Nexxo Fleet software with dashcam solutions.
The size of your fleet makes a big difference in determining which issue pulls the hardest on your ROI.
Small fleet owners are most often concerned with saving on fuel cost, while a large fleet is more concerned about protecting themselves in case of collisions (which happen more often when you have more vehicles).
Either way, a customizable fleet management software solution like Nexxo Fleet protects your fleet, your drivers, your resources, and your ROI by allowing you to have any level of control over your fleet you need—and to upgrade as needed at any time. Our top-of-the-line Nexxo Fleet support team is behind you every step of the way.
Contact us to find out how our fleet management software can help you manage cost and boost the ROI of your specific fleet.