Thanks to Karen from Vermillion MVT, Tachoblog can bring you this interesting top ten.

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Karen says, “If your company has vehicles on the road – either cars, trucks, vans, tractors, or trailers – and you do not have a vehicle tracking system installed, it is highly likely that a significant amount of money is being spent on wasted fuel, wasted time, and unnecessary vehicle repairs and maintenance. If you wish to lower these expenses and improve the company bottom line, vehicle tracking is the solution your business has been waiting for.”

Click below for the top ten…

Reduction of Fuel Expenditure
A reduction of mileage can help companies save a considerable amount of money, and adopting a smarter and safer driving style means more efficient driving which reduces fuel consumption. Through enhanced and efficient vehicle routing the workforce is efficiently allocated to jobs: The transparency offered by vehicle tracking enables managers to pinpoint the exact location of any vehicle so a job can be assigned to a driver in the closest proximity. Additionally, as the system enables full visibility of the fleet, private and/or unauthorised mileage is eliminated. This does not only save money but also contributes to lower carbon emissions – helping to save the planet and making your company greener.

Reduction of Insurance Policies
Vehicle tracking benefits companies in a number of ways, also when it comes to insurance. As the tracking device monitors and controls driving behaviour, fewer accidents are likely to occur and  drivers are therefore less likely to make less claims on insurance. It also provides additional security in particular circumstances such as theft because it is easy to locate a stolen vehicle. As a consequence, insurance companies will often reduce the cost of your policy.

Reduction of Excessive Overtime Claims and Accurate Timesheets
Verification of job attendance and time-keeping is made easier with vehicle tracking as it enables you to authenticate wages and overtime payments. The software acts as an electronic and infallible timesheet for field-based service engineers and has been shown pay for itself in the first month of use due to savings on overtime alone. The hardware registers when the ignition of a vehicle is turned on and off, thus eliminating excessive claims of overtime and provides accurate information on wages.

Reduction of Administrative Tasks
Vehicle tracking offers a comprehensive electronic reporting system that eliminates the risk of a lost paper trail. As such, there is no need for manual systems as most of the functions and applications of the hardware and software automatically register all data. Consequently, your company can employ fewer staff for administrative tasks – saving money on unnecessary wage payments.

Reduction of Vehicle Maintenance Costs
An additional benefit of vehicle tracking is a reduction of the maintenance costs as a result of less wear and tear on company vehicles. By tracking vehicles, your drivers are more likely to stay within assigned speed limits therefore minimising engine and tire wear. Vehicles are automatically assigned for regular service which means they are being looked after and consequently stay in tip top condition. Vehicles also experience less off-hours usage, saving on fuel and maintenance.

Accurate Customer Billing
Vehicle tracking reports provides highly detailed logs that allow you to determine and prove the exact amount of time spent with a customer, and the amount of time and number of trips spent at a job site is never in question. A vehicle tracking solution gives instant access to detailed maps and reports that immediately show this information and can be used to easily produce accurate invoicing for customers and defend any disputes should they arise.

Improved Customer Service
An improvement in customer service may not directly save money, but it can save the company’s reputation which is of infinite value. The instant visibility of the fleet identifies each vehicle’s journey, and you can provide accurate information on arrival times for delivery of goods and/or services to help you provide excellent service you your customers.

Improved Efficiency
The transparency of vehicle tracking allows you to keep track of all the company vehicles no matter where they are. This means that you are able to locate the nearest vehicle for each pickup, ultimately increasing your company’s efficiency and productivity rate. You can schedule your jobs more effectively by significantly reducing the amount of time spent on the road. Additionally,   potential issues with job allocation can be highlighted by making sure that a job is allocated to a vehicle already a close geographical location so that the number of jobs the workforce can perform in a given week is improved.

Improved Utilisation of the Fleet
Effective and appropriate utilisation of the vehicles in the fleet can save money, and your company could be haemorrhaging expenses by having more vehicles than necessary. Efficient management of a company’s fleet of vehicles is key to remaining competitive within the marketplace. Manually managing a fleet can be a complex and perhaps even an impossible task as it is difficult to keep track of where all the vehicles are located and what they are doing, but having a vehicle tracking system installed helps to overcome this obstacle.

Improved Chances of Asset Recovery in Case of Theft
Having vehicle tracking devices installed in your fleet will dramatically increase the chances of recovering a stolen vehicle. The units record and send useful real-time data about the position of a vehicle which makes it easier to pinpoint the exact location of the thief. Additionally, tools can be tagged with RFID (Radio Frequency Identification) tags so they can be recovered should they be stolen. Ultimately, there is money to be saved on insurance policies – providing your company with an additional benefit.