Can Telematics Cut Fleet Management Cost?

04/02/2016

Every business is keen to reduce costs. This becomes especially important when you manage a number of vehicles. Whether your fleet is large or small, it requires significant investment to manage, finance and maintain, therefore keeping expenditure to a minimum is a key focus. Could a Telematics tracking system play a part in this?


How Can Telematics Save Money On Your Fleet?


One of the biggest financial strains on vehicles is the wear and tear they incur over time. But a great deal of maintenance expenditure could be avoided if they were driven in the correct manner.

That is where Telematics can help. When using RAC Telematics, access to 24/7 tracking will give you a picture of how your drivers are performing behind the wheel, including their speed at any given time. This means inefficient or reckless practices can be highlighted quickly, before they have a negative impact on the condition of the vehicle-or on the diver’s safety. By promoting positive driver behaviour, you will see a significant improvement in both your fuel expenditure and your service and maintenance invoice when it arrives.

Your company fuel bills should reduce as higher fuel consumption through inefficient driving is a far greater problem than many realise. Identifying it and retraining your drivers accordingly will save your business money at the pumps.


Geo-Fencing


Your fleet can also drive down costs through geo-fencing. When using this technology, you are able to select an area and create a virtual ‘fence’ around it. You can then impose, date and time restrictions on the area and receive an alert if your vehicle is used outside working hours or beyond the perimeter of the geo-fence, therefore eliminating the potential for misuse amongst employees. This will not only cut unnecessary fuel consumption, but should ensure the lifespan of your fleet is extended through reduced wear and tear.

Geo-fencing also allows you to identify a ‘Point of Interest’ and determine a vehicle’s relative location. For example, a client may require pick up in a specific area. With RAC Telematics’ functionality, you can quickly select the nearest vehicle to them and ensure a speedy arrival time. This will result in reduced fuel bills, not to mention improved customer service.

A Telematics system is designed to put you in control of your fleet. With tracking and additional geo-fencing technology, you have access to information you need to identify and implement savings for your vehicles, ensuring they are cost effective and properly maintained.

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