Key benefits the FleetDomain solution delivers to Elite Truck Hire include:
Early fraud detection or revenue leakage. One huge advantage is that the system makes it easier to detect internal fraud and avoid revenue leakage because it uses data from all parts of the business. Suspicious activity can be detected and alerts triggered.
For example, the system matches tracking data from a vehicle against the billing and booking systems to confirm that a legitimate client is using the vehicle and that the correct invoice has been raised. In the event of suspicious activity, the relevant manager is flagged.
Visibility across the entire operation presented graphically. Because the system is Web-based and creates a single repository of all data, managers can easily gain a bird’s eye view of the entire operation based on accurate data.
This means it is possible to track all the variables within the business, from the location of vehicles through to branch performance, to name just two.
For example, the system enables a manager to ascertain rapidly whether a client’s requirement for a certain type of vehicle can be met, something that is key to running a successful rental operation.
Streamlined business processes. FleetDomain incorporates more than 30 years of experience in fleet management – this intellectual capital in essence creates a best-practice framework for the company.
Because FleetDomain integrates into the back-end systems, it supports end-to-end business processes. For example, a booking on the FleetDomain system will automatically generate an invoice, with all invoices stored in a central, easily accessible depository.
Valuable business intelligence. FleetDomain’s reporting capabilities mean that managers have access to valuable – and reliable – information that can be used to manage the business more effectively. For example, managers can use demand-booking history to ensure that vehicles are optimally distributed around the country based on likely demand, or to identify underperforming entities within the group.
The business intelligence generated by the system can also be used to review the operational and business process architecture in order to identify bottlenecks or opportunities for improvement.
“From a management point of view, FleetDomain makes it easy to access the information needed to understand not only how the company is doing, but how to manage it better,” Corcoran says.
Attractive billing model. FleetDomain is billed per vehicle registered on the system. Because billing is not linked to the number of users, the company can add or remove users without unnecessary administration and without having to adjust billing each time staff changes.