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How Can Fleet Telematics Drive Success for Businesses?

Mar 29, 2019

Fleet operations are an integral part of many businesses and require companies to manage costs, maintain proper service, and ensure adequate productivity. To help achieve these goals, companies need to utilize technologies such as fleet telematics, which can provide real-time monitoring capabilities to track a fleet’s location and status.

Additionally, implementing a productive fleet telematics system significantly reduces fuel costs by optimizing routes based on traffic and service appointments and extends vehicle life with proactive maintenance alerts. It also offers a range of services that can reduce organizational overheads for companies and help them meet organizational requirements. This is compelling companies to adopt fleet telematics technologies to boost value capture and identify opportunities for change.

At SpendEdge, we understand the impact that telematics can have on fleet operations. Therefore, in this blog, we are highlighting some key benefits that companies should look to achieve while leveraging fleet telematics.

Integrating fleet telematics can play a vital role in the success of companies. Want to know how? Request a free proposal now!

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Key benefits of fleet telematics

Capital savings

Companies can easily put off purchasing additional vehicles if it gets an extra year or two out of a vehicle. With fleet telematics, companies can implement a GPS fleet tracking solution that improves maintenance practices and maximizes vehicle resale by providing maintenance history. The historical information can further be used for budgeting and cost analysis purposes.

Asset security

This is another crucial benefit of a GPS fleet tracking system. It reduces the chances of vehicle thefts and maximizes the chance of recovery. Furthermore, it can track the vehicle’s location and reduce replacement costs and insurance premiums at the same time.

Focus on the right metrics

As fleet operations involve trade-offs between metrics, companies can decide on the purpose of their fleet management process and align the metrics they want to improve. This helps them to avoid conflicts between stakeholders and prioritize actions required to improve the productivity of fleet operations.

Real-time analytics

Fleet telematics allows companies to access data in real-time and obtain a proper understanding of vehicle usage. This helps companies to take appropriate measures for fleet management. Moreover, the fleet telematics system automatically reduces mileage as drivers become aware that their routes are being tracked.

Improve productivity

Fleet telematics data offers detailed insights regarding field operations. It sheds light on the activities of vehicles and drivers and improves fleet management capabilities. A comprehensive understanding of drivers’ activities, route plan adherence, and safety compliance helps companies to boost efficiency. However, companies need experts who can interpret fleet telematics data and identify opportunities for performance improvements.

Want to know how the fleet telematics system can improve your operational efficiency? Get in touch with our experts today!

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