How to Grow Your Business with Telematics

How to Grow Your Business with Telematics

The days of viewing fleet management and telematics as a niche feature are now firmly in our rear-view mirror, with more and more companies employing smarter technology to drive their business forward.

Instead of automatically assuming the old adage that growthalways means more overhead, companies are first implementing telematics in order to run their current fleet as efficiently as possible whilst also reducing costs, and that’s not fake news, it’s a verifiable fact.

Simply put, telematics uses a wireless device attached to a vehicle which transmits data back to you in real time including Driver Behaviour Monitoring, GPS tracking and historic Trip Recording. An obvious advantage to everyone using Telematics is the cheaper policies provided by insurance companies due to having Driver Behaviour Monitoring.

Driver Behaviour Monitoring (DBM)

Many companies and individuals are already using DBM to benefit from cheaper usage-based insurancepolicies and are seeing some rather surprising additional benefits due to changes in drivers’ habits. With prior knowledge that all their actions are being recorded and reviewed including their acceleration, braking, gear use and cornering, bad habits are being curtailed, saving on fuel expenses and maintenance costs.

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Studies carried out by BIBA (The British Insurance Brokers’ Association) show customers using DMB are three times safer that the UK average, and it has done more to cut accident risk than any other road safety initiative in the young driver market. Research by LexisNexis Risk Solutions strongly supports these findings with policy prices reduced by as much as 50% in the last 5 years, and consumer confidence in telematics and Driver Behaviour Monitoring, and their willingness to use this type of insurance jumping by 136% since 2013.

With the Driver Behaviour Monitoring tool from FleetGO you get all these benefits and obtain a detailed view on the performance of your vehicles and your drivers. This also allows you to keep up the reputation of your company by showing your customers you are always putting safety first, ensuring your employees drive safely and responsibly.

For companies with a fleet of vehicles, Telematics provides many other advantages. Here’s a rundown on all the advantages provided by GPS Tracking.

GPS Tracking

Being aware of your fleet location allows you to communicate more effectively with your drivers, and if needs be with your customers’.Seeing your fleet location on a map makes it much easier to predict destination times and makes it much less stressful when having to deal with the inevitable adjustments toyour daily schedule and route. It cannot be underestimated how important this feature is. It has helped many companies to operate more efficiently and it will likely be the most cost and time saving exercise you can implement in the long run. It helps you to get the best use from your current vehicles, likely putting off adding more assets to your fleet to some future date.

GPS Tracking also helps reduce overhead costs, allowing you to watch driver activity more closely and eliminating excess consumption of fuel and reducing unnecessary overtime by making informed decisions based on real time locations, along with eliminating unauthorized vehicle usage.

Transportation companies have the added benefit of being able to keep customers informed of exactly where their goods are at any time, which in turn earns them additional trust and repeat business.

There is also the added safety of both your drivers and goods in transit. When drivers make sudden halts or stay static for longer than expected, you will be aware much quicker and can communicate with them to ascertain the issue. If help is required, or indeed if there has been an accident, you can be of assistance much faster. This also means you can put into action any changes to the route of other vehicles as soon as possible to provide cover or offload any cargo. We have found that this has helped to minimize further delays.

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FleetGO’s GPS Tracking solution has been designed to provide you with all these benefits and allows you to obtain full visibility of your fleet and drivers, tracking and managing your fleet on our live map.FleetGO’s real-time map is the fastest GPS tracking map in the industry. In one view you have complete visibility of all your vehicles, statuses, drivers, POI’s and recent trips. Within the interactive map you have all the tools you need to make your fleet more efficient. You can easily find vehicles and drivers, and find the nearest vehicles in any location.

Trip Recording

Being able to review unlimited history of every single vehicle in your fleet, right down to every detail on any trip ever taken on any given day allows you to easily manage your records, work out and highlight personal use and register working and travel times. Being able to easily report on all aspects of your fleet over a given historic period means you can review whether current practises need to be altered.

With the FleetGO trip recording you can do all this, and thanks to the many settings and reports, the Trip Log is also fully compliant with local tax regulations.

These are only some of the great features we have included in our FleetGO Smart Solutions. We also have real-time Trailer location Tracking, remote diagnostics, temperature monitoring, tyre pressure monitoring and remote tachograph downloading to name but a few other great features. Come over and take a look at our full suite of solutions Tacho download, and start running your fleet the smart way.

Author Bio:

Katherine J. Sanchez is a technology writer. She likes to keep herself updated with the latest technological trends. She used to write for a couple of technology bloggers before taking up the position of Content Editor at FleetGO’s where she is working for the past 3 years. She is a loving mom of two and likes to spend the weekend camping or engaging in other outdoor fun activities with her family.