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A national automotive supplier asked Element how they could reduce costs and improve safety in their service fleet of more than 900 light, medium, and heavy trucks—Element delivered a telematics solution. By tracking and understanding key vehicle location and performance measures, Element could deliver insights on changes that would deliver results.
With the customer’s agreement, the Element team managed the program end-to-end, including data analytics and performance management. The results spoke for themselves as the automobile supplier achieved more than $500,000 in fuel cost savings over six months and a 32 percent reduction in accident spend.
Telematics has become a powerful tool to help customers optimize performance and improve productivity. With a robust telematics offering, Element provides data that helps organizations to manage fleet efficiency, increase driver safety and productivity and lower the operating costs.
The key in fleet operation is in knowing what to do with the stream of data from the vehicle and having the support infrastructure needed to manage it. The combination of Element’s advanced telematics hardware with knowledgeable consulting, robust reporting, and customer support capabilities takes the performance of an organization’s fleet to a whole new level.
For example, for the national automotive supplier, Element was able to reduce fuel consumption by discovering that many drivers took company vehicles home at night and made unauthorized personal use of them. Analysis of the telematics data allowed the organization to identify these drivers and monitor the vehicles to ensure that they were following routes designated by the customer’s in-house software.
Making fleets safer, smarter, and more productive
Also, the telematics device shared vehicle status and diagnostic information that warned the company when drivers didn’t wear seatbelts or drove over posted speed limits. By notifying drivers of these safety risks, the company reduced accident spend by 32 percent.
It’s all about the data
Telematics data—along with massive interrelated data sets— can be seamlessly integrated from millions of vehicles, fleet services, and third-party sources. This allows fleet managers to benchmark their own performance against the largest fleet vehicle performance database in the industry to help their organization improve the cost of ownership and lower maintenance expenses.
Whether the product offering is Telematics, Maintenance or Accident Management, Element understands that vehicles and equipment are an essential part of a company achieving its business goals. “With our Xcelerate™ fleet management platform, Element provides comprehensive, fast and easily accessible web-based analytical reports on thousands of vehicle locations with current mileage and maintenance records,” says Kristi Webb, President and CEO, Element Fleet Management North America.
With a highly intuitive user interface, the Xcelerate™ customer portal streamlines tasks including asset and driver management and maintenance. Additionally, the Xcelerate™ dashboard makes it easy to identify trends and exceptions, such as higher-than-normal fuel spend vehicle downtime and compliance risks. With its user-friendly design and faster performance, customers can create, customize, schedule and share reports, even creating favorites for quick and easy access. “At Element, customers and their drivers count on us every day to help make their fleets safer, smarter, and more productive. That's why we've invested in the best people, products, and processes to help ensure one’s fleet can continually operate at peak efficiency,” adds Webb.
About Element Fleet Management
Element Fleet Management is the world’s leading fleet management company, providing world-class management services and financing for commercial vehicle and equipment fleets. Element’s suite of fleet management services span the total fleet lifecycle, from acquisition and financing to program management and remarketing—helping customers optimize performance and improve productivity.