{"id":12151,"date":"2016-08-12T17:58:41","date_gmt":"2016-08-12T17:58:41","guid":{"rendered":"https:\/\/www.gpsinsight.com\/?p=12151"},"modified":"2023-03-02T15:54:22","modified_gmt":"2023-03-02T22:54:22","slug":"telematics-systems-pick-low-hanging-fruit-gain-fast-roi","status":"publish","type":"post","link":"https:\/\/www.gpsinsight.com\/blog\/telematics-systems-pick-low-hanging-fruit-gain-fast-roi\/","title":{"rendered":"Telematics Systems: Pick Low Hanging Fruit to Gain Fast ROI"},"content":{"rendered":"

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Telematics Systems: Pick Low Hanging Fruit to Gain Fast ROI<\/h1>\n

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With today\u2019s Telematics Systems, we want results much more quickly than we ever have in the past. While gaining a return on investment (ROI) in the long term matters, it is a lot easier to see value from a Telematics System\u00a0that yields a fast ROI. Much of what\u00a0you\u2019ve read about ROI from Telematics Systems focuses on the long term benefits. This blog\u00a0focuses on the changes you will see almost immediately that helps reduce costs and increase revenue.<\/p>\n

Fleets like yours that go after the low hanging \u201ctelematics fruit\u201d are yielding the maximum ROI from the technology that has been known to exceed 500% in less than a year.<\/p>\n

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3 areas that will change almost immediately when you implement a telematics system into your operations.<\/h4>\n
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1. Reduce Fuel Use<\/h3>\n<\/blockquote>\n

Probably the easiest metric to monitor and take control over with a telematics system is fuel. It is incredibly common for fleets to spend much more on fuel than necessary without a telematics system due to activities like excessive idling, inefficient driving, and more. Tracking fuel usage with telematics systems makes a big impact and fast<\/u>. For example, Parks and Sons, a waste and recycling hauler, reported saving over $150,000 on fuel in the first year<\/a> by identifying overlapping routes and correcting this inefficiency.<\/p>\n

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2. Integrate Platforms<\/h3>\n<\/blockquote>\n

Integrating software definitely makes life easier. Along with simplification, it can help you identify inconsistencies and other issues that are easily overlooked when data is monitored separately. Whitton Companies, a residential home construction company, is a huge advocate of integrating telematics systems with their other backend software platforms. By integrating telematics data into their payroll system, they discovered that they could fix payroll discrepancies throughout their entire workforce at the click of a button. Since they implemented this integration, Whitton has been able to save $100,000 per year<\/a> on labor costs alone.<\/p>\n

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3. Qualify for Lower Insurance Premiums<\/h3>\n<\/blockquote>\n

According to the National Association of Insurance Commissions, Usage-Based Insurance (UBI) is a recent movement by auto insurers to more closely align driver behavior with insurance premiums. How it works is that insurance underwriters are able to use telematics systems to gather areas of interest like rapid acceleration, harsh braking, hard cornering, and more to help determine premiums accordingly. By using telematics to track mileage and driving behavior, you will immediately qualify for a lower insurance premium across your entire fleet.<\/p>\n

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With today\u2019s Telematics Systems, we want results much more quickly than we ever have in the past. While gaining a return on investment (ROI) in the long term matters, it is a lot easier to see value from a Telematics System\u00a0that yields a fast ROI.<\/p>\n","protected":false},"author":43,"featured_media":12164,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"

\"Unique<\/p>

\u00a0<\/p>

Along with the ways you expect to use a GPS tracking solution, there are many unique uses cases for this technology to improve fleet operations. By working with a GPS tracking provider, towing fleets<\/a> can solve unique concerns facing their industry.<\/p>

This blog is part three of the \u201cUnique Use Cases for GPS Tracking\u201d series and highlights two safety challenges that towing fleets have been able to solve with GPS tracking technology.<\/p>

The challenges: <\/strong><\/h2>

A unique safety challenge for towing fleets is ensuring driver safety when picking up vehicles from potentially dangerous customer locations. For the most part, tow drivers head into service requests unsure of what they will encounter. This presents a significant safety risk for towing fleets because management has no way to guarantee their drivers\u2019 safety on the job.<\/p>

Another unique safety challenge has to do with the tow trucks themselves. It is extremely hazardous for tow trucks to be driven with a power take-off (PTO) switch engaged, which is activated when the flatbed is lowered to hook up a vehicle. This could cause the tow truck\u2019s flatbed to drop to the ground with a vehicle attached while driving, which is extremely hazardous for both the driver and the public.<\/p>

How they were solved with GPS tracking: <\/strong><\/h2>

To increase driver safety during service requests, towing fleets can use a GPS tracking solution to create custom landmarks, or geo-fences, around locations that are known to be unsafe. If a particular residence has a history of violent residents or if a neighborhood is located in a bad part of town, fleet managers have the ability to let their drivers know as soon as they arrive by setting a landmark alert. Drivers will receive the alert to their cell phone to notify them as soon as they enter the landmark with a custom note about the location. For a dangerous customer site, a custom note could be, \u201cDangerous customer location! Police escort may be required.\u201d<\/p>

To ensure a tow truck\u2019s flatbed is secure when the vehicle is in motion, towing fleets can use a GPS tracking solution to setup PTO alerts. If the PTO switch is not turned off before the vehicle starts moving, a PTO alert will be sent to the driver\u2019s cell phone with a custom message so they are aware of the situation as quickly as possible. By ensuring a tow truck\u2019s flatbed is secure while driving, towing fleets will be able to prevent accidents, injuries, and even fatalities involving their tow trucks.<\/p>

There are many other unique use cases for GPS tracking alerts. By selecting a GPS tracking provider with the ability to customize its functionality, you will be able to solve the challenges that are unique to your business.<\/p>

For more information on how your business can solve unique safety challenges with GPS tracking, contact GPS Insight<\/a>!<\/p>","_et_gb_content_width":"","footnotes":""},"categories":[487],"tags":[386,1071,1083],"acf":[],"_links":{"self":[{"href":"https:\/\/www.gpsinsight.com\/wp-json\/wp\/v2\/posts\/12151"}],"collection":[{"href":"https:\/\/www.gpsinsight.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gpsinsight.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gpsinsight.com\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gpsinsight.com\/wp-json\/wp\/v2\/comments?post=12151"}],"version-history":[{"count":0,"href":"https:\/\/www.gpsinsight.com\/wp-json\/wp\/v2\/posts\/12151\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gpsinsight.com\/wp-json\/wp\/v2\/media\/12164"}],"wp:attachment":[{"href":"https:\/\/www.gpsinsight.com\/wp-json\/wp\/v2\/media?parent=12151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gpsinsight.com\/wp-json\/wp\/v2\/categories?post=12151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gpsinsight.com\/wp-json\/wp\/v2\/tags?post=12151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}