Vehicle Tracking Can Save You Money

A majority of companies that offer a service to their customers (emergency services, delivery services & repair services, amongst others) depend on their fleet of vehicles for the day to day running of their business. Fuel and insurance costs account for a large percentage of the expense of running this modern day fleet, and can run into thousands of pounds per month. By installing vehicle tracking you could save your company money on insurance and fuel, without compromising on customer service. This article will outline how.

Vehicle tracking works by using GPS satellites to pinpoint the location of a GPS receiver, by ascertaining its longitude and latitude in real time. By having vehicle tracking installed into your fleet, you will know where your vehicles are, night and day. Your staff can access the application at their convenience. Vehicle tracking systems do not need to be constantly monitored.

There are numerous reports you can choose to receive when you have an active vehicle tracking system but some of the most used are the mileage and journey reporting functions. Inaccuracies on fuel expenses can be costly for your company and you can save money on fuel by using these applications to check if the expenses claims your employees are submitting are accurate.

You can also save money when planning your delivery/service routes more efficiently. You can see on the screen where your vehicles are and so can select the vehicle that is closest to a particular customer, allowing you to save money by using less fuel and enabling you to respond to the needs of your customer in a shorter time. This type of report also makes it apparent if your driver is not taking the most efficient route to a destination, which can be easily remedied.

In addition, fuel savings can be made by improving the way that your employees drive your company vehicle. You can select a vehicle tracking system that has reports on idling times and the amount of times a driver uses excessive speeds. A car uses less fuel the more efficiently it is driven and so by identifying drivers that are, for example, using excessive speeds or leaving the engine running whilst they make a delivery, and requesting that they stop, you can save money. The most savings are made in this way by haulage companies. However, remember, you only need to save 1 litre of fuel per vehicle per day for the vehicle tracking units to pay for themselves.

Another important way to save money through vehicle tracking is by informing your insurance provider. Your premiums could be reduced by as much as 30%. This is because your vehicles have the added security of being traceable if taken by someone they shouldn’t have been. It’s not just companies that can save money on their insurance premiums; individuals can also save an equivalent amount if they install vehicle tracking into their own cars.

It is common for companies to be concerned as to how tracking will be received by their drivers. Tracking actually benefits employees by recognising hardworking drivers through good productivity and efficiency. Drivers can also access the tracking system (using restricted logins) to print of mileage reports and time sheets allowing them to spend their time more productively.