In many companies, the vehicle is an essential work tool. But at the same time, it may generate considerable costs. Companies try to reduce them by managing their fleet effectively. Monitoring is becoming a part of that – as a tool supporting cost optimization.
Polish companies are investing more and more in new company vehicles. In 2016, 281 688 units arrived on Polish roads. That’s 21.8% more than in 2015. However, every car the company owns brings not only benefits but also costs.
It’s no wonder that entrepreneurs are becoming increasingly interested in the services of companies such as Get Vehicle Tracking, which offer modern equipment and systems for vehicle monitoring using Vehicle CCTV technology. This is a global trend. According to the estimates made by the research company Research and Markets, the value of the worldwide monitoring market is currently USD 34.8 billion, and by 2022 it will increase to USD 83.3 billion. In the United States alone, 44% of companies that own a car fleet already use monitoring and telematics. Such solutions bring particular savings in the usage of company vehicles.
Monitor, measure, check, and save!
Modern monitoring offers not only the ability to accurately locate the vehicle and track its route in real time. Increasingly, it involves the installation of numerous devices and sensors that can monitor various parameters of the car, as well as provide information on the driving style of drivers. With this data, the manager can properly determine the route, add rates on a regular basis when possible, but, above all, optimize the expenses associated with the car operation. The company owner receives accurate information about refueling, the average fuel consumption of a particular car, as well as the driving style of the driver (e.g., frequent rapid brakes, acceleration, etc.).
Such information allows changing employee habits, reducing fuel consumption, and breaking pads and other elements of the car, which in turn translates into less frequent repairs and service visits. Also, thanks to monitoring, it’s possible to determine whether an employee handles private matters during working hours, whether they’re punctual, etc.
Monitoring combined with image recording can also facilitate compensation claims in the event of bumps and accidents. Telematics and GPS data can also be readily seen by insurance companies, which offers the possibility of negotiating more favorable rates for OC and AC policies for the company’s fleet. Entrepreneurs who equipped their vehicles with monitoring and telematics noticed that fuel consumption dropped by 53% in their enterprises, productivity increased by 56%, customer satisfaction by service by 44%, and speed of delivery by 50% (source).
Monitoring and the driver benefits
However, you will notice that the benefits of monitoring and data obtained through telematics apply not to entrepreneurs, but also the drivers. First of all, they’re fairly accounted for their work. They can easily prove that, for example, they had to work overtime to perform a specific task. Thanks to monitoring, the employer can also plan drivers’ work more efficiently, set better routes for them, and thus limit the need to work overtime.
However, that’s not all – monitoring also means increasing the safety of drivers. The company knows where the employee is at any time, so managers supervising drivers can react quickly when something suspicious or unusual happens. Besides, telematics allows assessing the style and driving skills of the driver. This means that the employer may send the employee to a refresher course. Better driving skills not only save the company but also increase the safety of the driver.
Fleet monitoring and telematics can effectively support the optimization of costs related to the fleet operation, indicating the source of the most significant expenses. Such solutions also make the company more competitive on the market (e.g., thanks to faster deliveries) and make drivers feel safer. It’s no wonder then that the monitoring market is growing rapidly.