Fleet Management Software manages commercial vehicles throughout their lifecycle and reduces vehicle-related risk by improving efficiency. The software also ensures that the vehicles follow compliance regulations. The key driver for this market is the demand for logistics and transport. The core features of fleet management software include fleet tracking, driver management, fuel management, fleet reports, location tracking, and driver behavior management.
Key Benefits of Fleet Management Software
Fleet management software is one of the trending software solutions in the transportation &logistics industry. The best fleet management software helps in tracking, monitoring, and servicing all vehicles within the required timeline. The software comes with various high-tech features and offers few benefits, as mentioned below:
Fuel Consumption Control
Having control over fuel consumed is very important for logistics businesses. Fleet management software provides alerts and notifications when a particular commercial vehicle is exceeding the allocated fuel usage or daily mileage. All such details can be viewed on the customizable dashboard that comes with most fleet management software.
This is one of the key benefits provided by the software. It comes with the dashboard for getting reports, analysis, and for visualizing the data and getting deep insights into fleet operations. The software usually can be integrated with the accounting software, so the data extracted from fleet management software can be used for accounting purposes. With these automated reports, it becomes possible for companies to save time and reduce human errors.
The best fleet management software is supported by AI that is beneficial in terms of maintenance. As the software can create automated reports, it presents data related to spare parts that are due for maintenance. AI analyzes and suggests the spare part that will need maintenance. This, in turn, prevents downtime, outwears, and expensive maintenance.
Real-time Fleet Data
Every commercial vehicle creates huge amounts of data on a daily basis. Fleet management software enables organizations to stay updated with real-time data of each vehicle, like its current location, deliveries, and pickups.
Fleet management software comes with a driver behavior monitoring system that sends notifications to the fleet manager whenever a driver makes any errors. The notifications are sent if the driver is speeding, taking a longer route, or even if applying sharp brakes. This kind of monitoring helps owners increase vehicle safety, control maintenance expenses, and increases vehicle life.
Fleet Fraud Prevention
Driver fraud is a staple in the logistics industry. Common frauds done by drivers include using fuel cards for personal use, claiming false fuel bills, and so on. With fleet management software, it becomes possible to detect such anomalies and make conclusions about a driver’s behavior and credibility using hard data.