Budgeting, Planning & Forecasting

Budgeting, Planning & Forecasting

August 12, 2010

Navman Wireless Unveils Interactive ROI Calculator to Optimize Fleet Operations

Navman Wireless has announced the availability of an interactive ROI calculator to help fleet managers calculate the savings that can be achieved by deploying the Navman Wireless OnlineAVL2 fleet tracking system in their organization.

Company officials said the calculator can be accessed online for free at fleetTrakcingROI.com and offers estimates of the GPS-based fleet tracking with respect to fuel consumption, downtime, overtime and insurance costs besides also the CO2 emissions according to the actual size and usage profile of the fleet.

In addition, company-specific metrics used in the calculations include: number of miles and hours logged per vehicle per month, to overtime hourly wage, average hourly charge per customer, monthly insurance premium per vehicle, and lost revenue per vehicle per day during downtime.

The results from the ROI calculator are displayed interactively on-screen as users input data in six different categories. Also the projected monthly savings and increased revenues are shown by individual parameters besides being displayed as part of a total in the form of pie charts and graphs. This indicates the savings breakdown by category and the payback timeline.

Reports with the finished calculations can be e-mailed thereby providing documentation of expected benefits that can be leveraged to optimize purchase decisions, added Navman sources.

Renaat Ver Eecke, vice president and general manager at Navman Wireless North America said, “Every fleet manager is faced with a unique fleet makeup, usage scenario and business model. The only way to adequately predict the impact of a fleet tracking system is to customize the calculations to fit your own situation. Our ROI calculator does that quickly, easily and with more detailed input from the user than any tool we’ve seen.”

Navman Wireless specializes in GPS-based fleet optimization products and services, including real-time vehicle tracking and OEM GPS solutions. Using these solutions companies will be able to track, monitor and communicate with their movable and fixed equipment assets. The company’s flagship OnlineAVL2/Qube system has been installed in more than 110,000 vehicles owned by over 8,500 customers.

Shamila Janakiraman is a contributing editor for TMCnet. To read more of Shamila’s articles, please visit her columnist page.

Edited by Stefania Viscusi

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