FleetBoss Report

June 2004

The High Cost of Waiting
FleetBoss Fleet Management Technologies Have A High ROI

It's only natural to find reasons to put off the purchase of a high-tech product or service that might greatly improve your business operations. Hesitation often stems from one of the following concerns:

1) UNFAMILIARITY: You're not acquainted with the specific workings of the new technology, and, what you don't understand, makes you more cautious.

2) FEAR: You're concerned that the potential complexity of new technology might hinder, not improve, your profitability, efficiency and profits.

3) RAPID EXPIRATION: You're mindful of how fast technologies change and hesitant about making an investment in a technology of today that might be obsolete tomorrow.

FleetBoss's expertise and consultative approach to fleet management solutions eliminates these purchasing obstacles. We allow your business to quickly deploy user-friendly, highly adaptable technology that gives you a powerful competitive advantage over your competition.

Every moment you delay is costing you money.

To Improve, You Must Measure
You know that you can't improve what you can't measure and, each day that you don't measure your fleet's fuel consumption, service stop times, overtime and billing errors, etc. is a day that eats into your bottom line.

The cost of waiting to buy a tech-related solution has a huge price tag in lost opportunity. Consider the following businesses that immediately uncovered asset and service waste and generated higher profitability by using a GPS fleet management solution from FleetBoss:

A building maintenance company discovered unnecessary payroll expenses of more than 65 hours per week as a result of night crews taking one-hour lunches and billing the company for it. Upon further review of the productivity report, the company also discovered unauthorized trips to and from home resulting in three hours of lost productivity per week.
COST OF WAITING: $985 in payroll overpayments weekly; Over $50,000
wasted annually.
TCK Air Conditioning of Arizona realized immediate savings in fuel (reduced speeding/idling), confirming driver timecards and elimination of unauthorized use of vehicles after hours. Owner David McCall is averaging $300 - $500 per vehicle in bottom line savings a month as a result.
COST OF WAITING: $4,500 monthly; Over $54,000 annually.

Improved productivity, operational efficiency and higher profits go hand in hand with a technology-enabled FleetBoss system.

Technology With A High ROI (top)
Purchasing a FleetBoss fleet management system is an investment that has a quick and high rate of return. For instance, if your business put off investing in Certificates of Deposit (CDs), the cost of waiting can be best understood by a comparison of return:

After one year, a CD earning 5% on a $10,000 investment yields $10,500 or $500 profit. After 10 years, the CD (5% fixed) yields $16,288.

After one year, a $ 10,000 FleetBoss investment typically yields

One additional weekly service stop gained due to improved routing and reduction of non-service stops = $50 per week added to the bottom line.
1 gallon of gasoline saved daily due to reduced idling, speed limit and reduction of side trips enforcement. 1 gallon x 5 days a week = 5 gallons x $ 1.90 per gallon = $9.50 per week per vehicle.
One hour of overtime reduction per week due to greater efficiencies and productivity reduces the length of service stops. $20 per week.
Total: $79.50 weekly/$318 monthly x 5 vehicles = $1,590 monthly or $19,080 annual ROI.

The conservative business investor might yield $500 after one year. The Fleetboss investor can yield $9,080 in additional bottom line savings for your company.

Despite concrete examples of huge returns on a technology purchase, many business owners just can't seem to overcome their psychological objections to investing in technology. But owners who harness the power of today's high-tech economy by making a GPS fleet management system a critical part of their business operations are reaping rich rewards. They understand that the cost of waiting may be the difference between a thriving business and a struggling one.