As an investment in your company’s future, TerraTrax is a cost-effective solution that immediately results in savings from its inherent propensity towards exposing organizational deficiencies. TerraTrax supplies a steady stream of data providing insights as to where costs can and should be streamlined. It is not uncommon for the recovery of an organization’s investment in TerraTrax to occur even within the first 2 to 6 months of integration. From that point on, the reduction in your monthly operating costs become profits.
Dispatch more efficiently, ensure that drivers take the most efficient routes, and being able to observe and correct bad driver behavior all reduce fuel costs. Being able to identify drivers that speed excessively and/or aggressively allows you to address this behavior which reduces fuel costs but more importantly if left unaddressed can increase insurance liability.
Many insurance companies are offering reduced rates, often ranging from 5% to 30%, for fleets equipped with GPS tracking. In the event an asset or vehicle is stolen it's cheaper to recover the asset than to replace it. In the event that a vehicle was carrying cargo there is a greater likelihood that the cargo as well as the vehicle can be recovered reducing the amount an insurance company would be required to pay out.
If your company bills clients for the time your employees or equipment is on site, the Stop/Start reporting is an easy way to track billable time reliably.
Our maintenance module was designed in partnership with automotive service professionals to ensure it does what any fleet manager will need. How many times has a vehicle or asset such as a compressor or generator not had its maintenance performed on time causing premature wear and break down? Accurately tracking mileage, and engine hours on motorized assets ensures the correct service is performed on time and is vital to keeping down the cost of equipment and fleet ownership.
Accurately tracking over time and time billed on site can have a large impact on a company’s bottom line. By automating part of the administration process to track these hours you save on administration costs and you have a means to settle billing/payroll disputes as they arise.
So how do you calculate ROI? Take the last years costs for the items below and subtract the average percentage our clients save, ad them together to get a fairly accurate assessment of the savings you can expect after installing equipment and using the TerraTrax tracking system. The most difficult item to estimate is the value you get knowing that your company is being better managed and having the peace of mind that comes from knowing where your assets and employees are at any time.
YOU CAN'T MANAGE WHAT YOU CAN'T SEE!