Return On Investment is easily and quickly achieved for all types of businesses
When it comes to our business solutions, we offer our customers a powerful resource and a recipe for success.
GPS Tracking is one of the few electronic implementation systems that will significantly save your business money over time.
Determining Current Costs and Potential Savings
When it comes to calculating potential savings, you need to start with your current expenses. Typically, companies can establish a return based on just two primary expenses:
- Fuel costs
- Payroll costs
These are critical expense numbers, and are also places where vehicle tracking systems have shown a proven impact. Focusing in on just these two expenses helps in a variety of ways:
- Companies can usually quantify these expenses easily.
- These two expenses are usually pretty substantial, creating good leverage for the calculation.
- By eliminating the noise of “soft benefits” that are more speculative or preventative in nature, the calculated return should be conservative.
If you cant achieve a positive ROI using just these two factors, you will probably not be able to justify the investment in vehicle tracking
Fuel Costs and Savings
Using a GPS vehicle tracking system is a proven way to decrease overall mileage by eliminating unauthorized travel and improving daily routing.
Features like speeding reports and alerts, along with idling alerts also help reduce these fuel wasting behaviors that can add up quickly for any fleet.
Understand your current costs
To determine how much your company could save, first start with your current fuel costs. You may use a fuel card system report or tally gas receipts to understand what your monthly gas costs are for your fleet. If you have those numbers available,
Use this chart to give yourself a comparison
| Category | Before Implementation | 30 Days After | 60 Days After | 90 Days After |
|---|---|---|---|---|
| Monthly fuel bill | ||||
| Monthly payroll cost | ||||
| No. of jobs per day, per driver | ||||
| Miles driven per month | ||||
| Monthly revenue | ||||
| Monthly volume | ||||
| Customer Satisfaction rate, 1 – 10 Points |
Do more with less, using route optimisation & planning
Lower the cost of your daily routes with automated route optimisation and scheduling. Smart route planning helps your drivers get to their jobs on time, get more done and take on more work — without needing to add more vehicles or staff.
A telematics partner committed to faster ROI
We work alongside you every step of the way to plan and deploy your GPS fleet tracking solution, and get a positive ROI as soon as possible. Get technical support, remote or on-site training and assistance by integrating our platform into other parts of your business.
Custom-fit, or out of the box.
Whether you’re a small niche business, a growing private company or a large government fleet, Absolute offers you the choice of ready-to-use GPS fleet tracking software or a solution that can be customised and scaled to meet the unique needs and size of your organisation.