Increasing Revenue in a Competitive Marketplace
Service businesses, no matter what industry, often face challenges trying to maintain day-to-day operations while also growing their business and increasing service revenue. You may need new supplies for your vehicles, dealing with employee issues or just finding ways to differentiate your business in a crowded marketplace. Beyond your daily operations, you’re also trying to win new business and may be competing against larger organizations that have more time, money and resources.
For many service businesses, it’s hard to reduce overhead costs such as payroll, fuel, maintenance and insurance when you are trying to operate a productive fleet. Your vehicles are at the heart of your operations. If one vehicle is out of commission, it affects the amount of jobs your business can complete in a day, ultimately affecting your service revenue.
Managing your fleet efficiently is critical to the success of your business. Can you provide accurate ETAs to your customers or do you give them a vague service window? Are you aware of any unauthorized vehicle use after hours or on the weekends? If all of your processes are manual, it’s virtually impossible to know the answers to these questions and others that can affect your expenses and profits. What you don’t know, you can’t measure.
If you are a small to medium-sized business, there is a way to level the playing field. GPS fleet tracking technology can help you pinpoint areas of your fleet operations so you can improve overall fleet productivity while decreasing your overhead costs. This will directly increase your bottom line. Before we look at how fleet tracking technology can optimize your fleet operations, let’s look at what is causing more and more service companies to purchase a GPS vehicle tracking solution.
For many service businesses, it’s hard to reduce overhead costs such as payroll, fuel, maintenance and insurance when you are trying to operate a productive fleet.
Increasing Revenue and Reducing Expenses with GPS Fleet Tracking Technology
A GPS fleet tracking solution can help you address all of these problems and more, but for now, let’s stick with the issues at hand. Payroll expenses for service and distribution companies can be tricky to accurately track as many companies still use manual timecard systems that can easily be manipulated.
With a GPS vehicle tracking solution, you can use a simple Start/Stop Report as a virtual timecard to validate the hours your employees have worked for the day or week. Additionally, this report gives you the data to accurately bill your clients. There’s no more indecision about when a crew or employee was at a customer site. You can easily pull actionable information from a GPS fleet management solution to validate time spent on the job.
The cost of your insurance premiums can also be lowered with the use of a GPS fleet tracking solution. Think about it: if you know where your vehicles are at all times and how fast they are driving and what they are doing, you are going to be a much safer bet for an insurance company. The added benefit? If for some reason your vehicle or assets on the vehicle are stolen, you can tell the insurance company or police exactly where the vehicle is by pulling up the location in the GPS fleet tracking application.
Additionally, automating your maintenance schedules will save considerable amounts of money in the long run. Not only will you proactively get your vehicles in for service when they need it, but you avoid the more expensive repairs that come from neglect and lack of service. Proactive maintenance means healthier vehicles and more employees getting their work done any given day.
And the one overhead expense that nobody can avoid, especially with the rising price per gallon, is fuel. However, there are ways to mitigate the expense. Running an Idle Report on your fleet of vehicles can provide the information you need to help you dramatically reduce your fuel consumption as well as emissions. Additionally, using an automated efficient routing tool can get your employees to their jobs in the shortest distance possible, saving time and money.
Now, let’s look at the NexTraq® Fleet Tracking platform and how it can help reduce your overhead costs and increase service revenue.
Running an Idle Report on your fleet of vehicles can provide the information you need to help you dramatically reduce your fuel consumption as well as emissions.
The NexTraq Fleet Tracking Platform: Take Your Business to the Next Level
With NexTraq you can reduce your overhead costs while increasing your service revenue and growing your business. Our customers have done just that. Maybe that’s why 95 percent of our customers would refer us to another business or associate.
With 17 real-time alerts and more than 25 reports, you can gain greater visibility into your fleet operations to see where you are doing well and what can be improved. Once you know what’s going on in your fleet operations, you can start to manage and improve it. Use our ClearPath Routing feature to quickly set up the most efficient route for your drivers with a click of a button. It’s really that simple. Use our Fleet Dispatch application to communicate with your drivers out in the field and provide them turn-by-turn, voice-guided directions. With less distracted drivers and more accurate directions, you’ll be able to give your customers accurate arrival times and they will thank you for it with their continued loyalty.
For more information, please call us at 800-358-6178.