Here are the best and most efficient ways to work with travel allowances for your company fleet.
Telematics and its role in fleet management has grown exponentially from fairly humble beginnings in the 1960s. Informatics and telecommunications formally merged when the US Department of Defence developed GPS systems to track asset position and improve communication on the battlefield.
Fleet management is more than simply buying and selling company cars. The many factors that need to be considered can tip the scales between an organisation deciding to run their fleet internally or use an external fleet management expert that could save the company money in the long run.
Data collection is a large part of a fleet manager’s job, but interpreting it and adding value is another battle! We dig into the issue here.
Without benchmarking, there is no effective way for a fleet manager to contain costs or to understand problem areas that need urgent action.
On the surface, leasing can be more appealing than buying. Monthly payments are usually lower because you're not paying back any principal. Instead, you're just borrowing and repaying the amount that the vehicle depreciates in the time you have it, plus finance charges.
There’s so much detailed information out there that it can be difficult to weed out the really important questions that you should be asking your fleet management company.