Fleet business owners are tasked with thoughtfully considering what resources to invest in, and how those investments will impact their business. It is particularly difficult to make these types of decisions given today’s economic climate. With competition and inflation on the rise, fleet owners need to make decisions that will ultimately make a positive impact on their return on investment (ROI), and the overall success of their company.
Given the high cost of maintenance and upkeep, fleet business owners are likely to have trepidations about making any big investments. Owners need to invest wisely – choosing to utilize resources that are low risk with potential for a big ROI. Investing in an all inclusive telematics platform is a solution that regularly meets these standards.
Is the Investment Worth it?
Investing in a telematics platform is a strategic business move. As with any investment there are some upfront and ongoing costs. A primary concern for businesses looking to invest in a telematics platform are costs of the hardware required for each vehicle. While this is a valid concern, and is a major factor in making an investment, it is important to look beyond the upfront cost.
Zubie’s Chief Revenue Officer, Mark Novak, elaborates on the investment of a fleet management system, “Zubie recognizes the hesitation associated with investing in telematics and seeks to counter them with tangible benefits that bring about a quick ROI. Zubie’s inclusive telematics solution, Zubie Fleet Connect, has features that provide direct money saving opportunities.The metrics gathered from these features allow owners to capitalize on these opportunities in order to improve their bottom line.”
Zubie Fleet Connect has many beneficial features, and when used to their full potential, can help identify cost saving opportunities.
- Fuel Savings Opportunities – Between supply shortages and price inflation, fuel expenses are one of the biggest pain points for fleet operations. With national gas price averages being $1.50 more than they were a year ago, it is critical for fleet operations to reduce fuel usage and fuel related expenses. Zubie Fleet Connect provides valuable insight into fuel usage such as vehicle idle time, route efficiency, and driving behaviors such as harsh braking and acceleration. Operations can then use these insights to make improvements in these areas to reduce the hefty costs related to fuel usage.
- Proactive Maintenance – Fleet Connect allows operations to monitor engine diagnostics, such as odometer readings, engine hours, engine status, and more to establish a proactive maintenance routine. Additionally, fleet operations are able to use telematics to catch vehicle health issues before they become a major expense.
- Improved Utilization – With Zubie, fleet operations have access to instant data on the usage activity for every vehicle. This is important because vehicles that are under utilized or not utilized at all, do not bring in revenue. When a fleet operation has insight into this current data, they are able to closely analyze whether a vehicle is an asset or a liability, and make the necessary changes to improve overall usage of their fleet.
- Safety Precautions – Safety related issues can be one of the biggest expenses fleet operations can encounter. Fleet Connect and telematic devices like Zubie Dashcam, are able to give operations an extensive view into any critical incident, any driver behaviors that could be dangerous. Dashcam footage can be used as proof to discredit false claims in a critical incident. Businesses that utilize Dashcam can often have discounted insurance rates.
Fleet Connect can use driver performance data and Dashcam footage to help businesses implement driver safety programs that deter risky driving behaviors and distracted driving. This will reduce the likeliness of a costly event that results in injury or vehicle damage.
Invest for Your Future Success
Strategically investing in your fleet will set you up for success now, and in the future. While the initial costs for any investment can seem like a risky move, the proof of a potential major ROI mitigates these hesitations. Zubie aims to help fleet operations navigate the entire process of implementing a fleet management system so that your business can quickly begin to see a ROI that will really impact the success of your fleet.
Contact our Zubie experts to discuss how investing in a fleet management system can provide major benefits for your business.