Financial Benefits of Using GPS in Fleet Management

A recent study has found that using GPS vehicle tracking systems improves the productivity and profitability of businesses.  12.2 percent increase in service profitability  14.8 percent reduction in average travel time per job  9.9 percent decrease in overtime pay  27.9 percent increase in operator compliance  13.2 percent reduction in fuel costs

GPS tracking solutions is considered as a boon for fleet management since it manages various functions including vehicle financing, vehicle tracking and its diagnostics, vehicle maintenance, vehicle speed and fuel management, safety management and more.

INCREASED PRODUCTIVITY Are you interested in getting more business while your drivers are out on the road? Then, the “Find Nearest Vehicle” feature of GPS tracking helps you to find the closest technician to perform the new task. It also reduces vehicle down time and shorten response times.

REDUCES LABOR COSTS The ‘Timecard Function’ in GPS tracking systems allows you to find the actual hours a vehicle is in operation, actual start and finish times, average daily hours and more. Thereby, it reduces unearned overtime pay and also cut back on heavy paperwork in the office.

PREVENTS UNAUTHORIZED VEHICLE USAGE Your vehicles are the important assets of your business and it should not be misused for side jobs. Using GPS tracking systems you can spot light on your employees and eliminate their bad behaviors.

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