7 Must-Have Benefits of Fleet Management Software

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Fleet management software is a worthwhile investment for any business that has vehicular assets.

Fortune Business Insights reports that the fleet management software segment could expand from $27.55 billion last year to $116.56 billion by 2032. Fleet management software helps fleet managers keep track of equipment, vehicles, and drivers from a single application. Rather than managing a large fleet without proper visibility, fleet managers can leverage the power of fleet management software to efficiently and effectively do their jobs.

Here are seven must-have benefits fleet management software offers companies with vehicles.

1. Better Operational Efficiency

Fleet management software offers greater operational efficiency by automating the dispatching, routing, and tracking of vehicles. Since you'll be able to see where all your fleet vehicles are in real-time and on one screen, it'll be easier to make strategic decisions. Better efficiency, productivity, and profitability will be the result.

2. Real-Time Vehicle Tracking

Yet another reason to consider getting a fleet management platform is the real-time vehicle tracking. Leveraging GPS technology, fleet management software allows fleet managers to monitor where their vehicles are to optimize routes and reduce delays. If a customer needs a product quickly, the fleet manager can find the company vehicle in closest proximity to the customer to reduce the amount of time needed to deliver the order.

3. Lower Maintenance Costs

Yet another reason to invest in a fleet management system is that it can reduce maintenance expenses. Routine maintenance is cheaper than skipping regular upkeep and encountering costly repairs down the road. Your business can use fleet management software to schedule preventative maintenance that increases uptime and reduces downtime.

4. Reduced Fuel Costs

Maintaining fleet vehicles will increase fuel efficiency since cars, trucks, and SUVs in good working order will operate better and consume less fuel. According to one source, prioritizing routine tune-ups and replacing the air filter can boost fuel efficiency by as much as 10%.

Depending on how many vehicles your company owns and how often they’re used, the fuel expenses can be through the roof. While fuel will always be a major expense for fleet vehicles, you can realize savings by using a good fleet management solution.

5. Cost Savings

When you take good care of your fleet, the vehicles will last longer. Investing in regular upkeep is a good long-term plan since you'll get more use out of the SUVs, crossovers, and cars in your fleet. Even if you get a few extra years of use from the vehicles, you'll get your money's worth with a fleet management system.

6. Better Resale Value

You’ll want to obtain as much use out of your fleet vehicles as possible. But if you decide to sell or trade them in for new vehicles, you’ll get better trade-in values if the vehicles are in good shape. Using fleet management software will help you keep the fleet in great overall shape.

7. Reduced Downtime

Unplanned downtime is something that businesses want to avoid like the plague. If your vehicles are down and out rather than out on the road, that’ll cost you money. You can’t assume that customers will wait around until you fix your fleet vehicles. There’s always the chance that they’ll find what they want elsewhere rather than wait for you to sort through your problems. One reason to invest in fleet management software is that you’ll reduce instances of downtime.

Taking proper care of your fleet means there’ll be less of a chance of costly breakdowns.

If your business has fleet vehicles but not fleet management software, you don’t know what you’re missing.

The right solution will help you get the most out of your vehicular assets.

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