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In times like these, maintaining a calm mindset is crucial for making sound business decisions. You need clear data and indicators to make rational judgments that ensure your business's sustainability. That is where MiFleet comes in, helping your fleet business take the right financial steps to recover from the crisis. Here are three ways MiFleet helps save your fleet business.
1. Measure Vehicle and Driver Profitability
It is time to move beyond simply focusing on total fleet operating costs and start monitoring the underlying data behind those figures. MiFleet transforms raw data into informative visuals, allowing you to assess vehicle and driver profitability at a glance. You can also quickly compare operating expenses per kilometre, per trip, and per fleet vehicle.
2. Optimise Resource Utilisation
After measuring vehicle and driver profitability, you can optimise their utilisation for your current business activities. Re-evaluate whether your fleet size and driver count are appropriate or if reductions are necessary during this crisis. If you decide to sell a vehicle, records regarding purchase, insurance, parts replacements, and more are neatly stored in MiFleet, assisting you in assessing asset depreciation.
3. Avoid unnecessary expenses
Acting as your personal e-accounting assistant, MiFleet makes financial administration more efficient. MiFleet’s User Experience (UX) makes it easy to identify priorities, such as overdue instalments and vehicles requiring immediate servicing. It can also send payment notifications, helping you avoid costly interest penalties or major expenses resulting from vehicle damage caused by irregular maintenance schedules.
Seize the opportunity to improve your business cash flow with MiFleet. You can now access this fleet e-accounting feature directly from Cartrack’s Fleet Web platform, fully integrated with the vehicle monitoring system. Choose a Cartrack GPS Tracker package that includes MiFleet features and get a FREE DEMO from us!
