Mycompanyfleet offer advice to public sector departments on combating expenditure cuts
Mycompanyfleet, leading fleet software supplier, have voiced their view that following the Comprehensive Spending Review, public sector bodies such as the Department of Transport, should be looking to fleet software to help them save millions of pounds.
The report by leading business Sir Philip Green says that the Government wastes billion of pounds by not centralising buying processes, whereas Mycompanyfleet point out, the use of software to assist in areas such as grey fleet operation, daily rental, accident management and fuel expenditure could reap much needed benefits at a time when departments are facing huge cuts in expenditure over the next three years.
Mycompanyfleet, the automotive arm of HR software giant NorthgateArinso which supplies 90% of councils in the UK with payroll software,has identified four key areas where fleet savings can be readily made: accident management, fuel management, grey fleet management and vehicle utilisation; it calculates that the use of fleet software will make the following fleet efficiency savings possible:
· A 10% reduction in vehicle operating costs through better vehicle utilisation
· A 5% reduction in fuel spend through more targeted fuel cost management
· A 33% reduction in accident costs and rates through improved management of accidents and duty of care
· A 40% reduction in the miles driven by ‘grey fleet’ drivers through improved mileage management with lower corresponding business mileage costs.
Business executive Luke Hicks explained. “Public sector fleet managers are now under huge Government pressure to reduce costs, and fleet software can undoubtedly help in that process.
“Used correctly, fleet software can help manage and control fleet costs more effectively and deliver real savings to the bottom line at a time when we know most public sector organisations face huge cut in their budgets.
“Our analysis has shown that state-of-the-art web-based software systems, like our FleetAcumen, will deliver real efficiencies to the fleet and cut transport costs. “
Mycompanyfleet software uses exception reporting methodology, which can be used to highlight any exceptions to pre-set KPIs and performance parameters and can help public sector fleet managers identify areas which need immediate attention, such as those drivers who are exceeding pre-agreed spending parameters or time limits. It can also flag up exceptions, such as vehicles becoming free across multiple locations within the organisation, thus allowing the fleet manager to re-allocate vehicles quickly and avert unnecessary hire costs.
“Used correctly, exception reporting identifies areas that need prompt management action. By acting quickly, fleet managers can prevent overspends in a host of areas and control expenditure far more effectively, helping cut costs across the whole fleet,” added Hicks.
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