If you run a business that has company cars, or even a whole fleet of vehicles, you might be interested to know that there are many advantages to choosing telematic technology to help you manage your business.
For instance, did you know that by law, you might be legally required to have a tachograph?
Or that in the case of accidents, specific tracking devices can help you with insurance claims?
In this guide, you’ll find out what you need to know about how telematics can benefit your business, and the top 5 telematics companies too.
Let’s get this show on the road!
What’s in this guide?
10 Ways Telematics can Benefit your Business
So, how exactly can telematics benefit your business? Let’s take a look at some of the main advantages, and what it might cost you too.
1. Track your vehicles
Using software from telematics companies can help you to track all of your vehicles, including singular cars or even your fleet, often by using an interactive map to track your cars in real time.
Depending on the device, you can track your vehicle’s past routes and detailed history, as well as seeing the speed of your vehicle and how long the journey took.
The data that you can collect with these types of devices can help you to improve your efficiency and performance.
2. Plan your routes
Telematics companies can help you to better plan the paths for your fleet, which might include features such as seeing traffic and construction work in real time.
In some cases, the software can help to analyse the best routes based on the average time it takes to get from point A to point B and past travel times.
You can divert drivers from routes with congestion, or assign idle vehicles with the jobs closest to them in real time.
3. Increase your vehicle efficiency
Utilising real-time information can help communication between your fleet and your fleet manager, to improve efficiency and your response times.
This means making sure that each one of your vehicles is being utilised in the best way possible, and that your drivers aren’t spending too long on the road.
4. Manage your fuel consumption
One of the most critical factors about managing your fleet will be ensuring that you make the most out of your fuel, and protect it from waste or even theft.
For instance, some hardwired tracking devices will also allow you to view your vehicles fuel consumption, and help you to navigate routes which will reduce your fuel use.
You can also see which drivers are using the least fuel, which can add to their driver efficiency and performance score.
Some telematics companies offer anti-syphoning devices, which can save your fuel from being stolen from your commercial vehicles.
5. Improve your driver management and safety
Learning about your driver behaviour could range from the acceleration and speed of your drivers, as well as their braking and other safety concerns and responsible driving.
You might also be able to find out about these following factors:
- How much fuel your driver has used
- How long your driver has been on the road
- See speeding and braking habits
- Give your drivers warnings based on their driving
- Encourage your drivers to perform better with competitions
- See where there are areas prone to accidents
6. Analyse useful data
Telematics companies can help you to analyse data that you collect by tracking your drivers, vehicles and routes, to help you better understand which parts of your business are working the best.
And, the areas that you could improve.
They can do this by showing you data such as your best drivers, which routes are the quickest, how you can reduce your fuel consumption and ultimately, save money on your expenses.
This might include seeing which assets could be better off used elsewhere or diverting your vehicles away from traffic in real time.
7. Improve customer satisfaction
Being able to track your cars and understand their routes can help improve your customer satisfaction, by being able to reach your destination as quickly as possible, and send your drivers to assignments closest to their current or future location.
You’ll be able to tell which drivers shifts are about to finish, with real-time information such as traffic or accidents.
8. Schedule your repairs
Some telematics companies will provide you with technology that can not only track the movements of your vehicles and employees but also give you information regarding the status of your vehicle.
Such as, whether your vehicle is low on fuel or whether it requires scheduled maintenance.
This could allow you to mark vehicles as being unavailable at certain times, or for specific days, dependent on whether you need to action repairs.
9. Protect your cars from theft
Apart from the other many benefits of using telematics technology, one of the top benefits of these devices is that they could help you to recover a stolen vehicle, or even prevent theft in the first place.
Some trackers include anti-jamming software to stop any jamming devices which could turn off your tracker, and they might even have an extra alarm built in.
Or, you could choose a tracker which has an immobilisation function which can turn off your engine and make it unable to start.
Alternatively, some telematics companies will liaise with authorities on your behalf, to ensure recovery of any stolen vehicles.
10. Record journeys for insurance purposes
In the case of any accidents, being able to record your driver’s routes and history can help with any insurance claims, and sometimes you can reduce the overall cost of your insurance too.
Top 5 Telematics Companies
1. Movolytics
Type: Telematics company
Pricing: Bespoke
Offers: Vehicle tracking, fuel management, driver management, reporting
Google score: 4.4/5
Movolytics provides their customers with both vehicle tracking and management, with features available such as managing your fuel, seeing driver behaviour and data reporting, to see how you are performing.
This highly rated company has many positive reviews, with customers stating that their technology is both efficient and it’s easy to use.
The insight provided by Movolytics can help you to improve your productivity, save on fuel consumption and reduce your overall costs.
✔ Track your vehicles
✔ Manage your fuel
✔ See your drivers behaviour
✔ Analyse data and performance
✔ Highly rated company
✔ Many services available
2. Mix Telematics
Type: Telematics company
Pricing: Bespoke
Offers: Software, tracking, cameras, journey management, driver performance
Google score: 4.2/5
Mix Telematics is a global telematics company, with offices in the UK, South Africa, UAE and Australia to name a few, with over 20 years of experience and customers in over 120 individual countries.
They provide their customers with a range of telematics solutions, including tracking not only vehicles but also planning routes and studying the behaviour of your drivers.
This can help you to manage your fleet better and even cut your costs down by analysing areas you could be saving money, such as fuel consumption.
You can even benefit from their services such as training to use their software, or driver workshops to teach your drivers how to improve their skills and energy use.
✔ Global company
✔ Highly rated
✔ 20 years of experience
✔ Reduce your costs
✔ Manage your fleet
✔ Reduce fuel consumption
✔ Improve driver behaviour
3. Verizon Connect
Type: Telematics company
Pricing: Bespoke
Offers: Fleet management, tracking, tachograph, driver management, route optimisation, field servicing
Capterra score: 3/5
Verizon is a well-known telematics company, who offers their customers a range of fleet management solutions including tracking your vehicles, viewing your employees driving abilities and skills, and you can optimise your routes.
Their higher rated software uses GPS to track your vehicles, and you can even integrate tachographs which are required by law for certain cars.
You can benefit from a free demo to test out the software, and find out how it could be tailored to help you and your business.
✔ Get a tailored solution
✔ Wide range of products available
✔ Optimise and plan your routes
✔ Integrate tachographs and other devices
✔ Benefit from a free demo
4. TomTom
Type: Telematics company
Pricing: Bespoke
Offers: Fleet management, tracking, software, navigation & traffic
Google score: 1/5
TomTom is a worldwide recognised telematics company who is best known for its navigation systems, but they also offer services and software for fleet management and vehicle tracking, with many tailored options available.
Some of the benefits of this software include tracking your vehicles in real time, records the hours that your drivers have logged and get alerts when one of your cars leaves a geofenced area.
This can be particularly helpful regarding stolen vehicles, or misuse of company property.
✔ World renowned company
✔ Vehicle and fleet tracking
✔ Tailored solutions available
✔ See your vehicles in real time
✔ Set geofencing areas
✔ Recover stolen vehicles
5. Ctrack
Type: Telematics company
Pricing: Bespoke
Offers: Vehicle tracking, fleet management, training, HR, driver behaviour, live tracking
Ctrack is a company that was founded in the 1990s, and currently has customers in over 50 countries, with 1,000,000 units deployed around the world.
They can offer their customers bespoke solutions which are based around your company’s needs, such as tracking your vehicles, managing your fleets and training for the use of their software.
You can also benefit from viewing data about your employees driving behaviours, such as acceleration, braking and vehicle speeds.
✔ Operations in 50 countries
✔ View business data and analytics
✔ Reporting for your fleets
✔ Track your company’s assets
✔ HR guidance
✔ Training
✔ Account management services
Conclusion
In conclusion, telematics companies and technology can help you to better manage your fleets, and each one of your company vehicles.
You can benefit from getting reports regarding your vehicles and your driver behaviour, to help your business perform better.
Have you learnt everything you need to know?
Do you want to learn more about telematics and how this technology can help your company?
Check out the ExpertSure guides here, or fill out the form at the top of the page for a custom quote.
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