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How GPS tracking software can help you control cost inflation

Thursday, August 17, 2017

Running a business is frustrating.

For every new client you sign, for every single dollar you bring in, it seems like there are a million little expenses that eat away at your profits.

You need to pay for wages, benefits, taxes, advertising, office space, electricity… you get the picture.

Some businesses are burdened with more expenses than others. For example, businesses like courier companies that send employees out to meet with customers must pay for gas, insurance, and vehicle maintenance on top of all the usual expenses.

But with the help of GPS tracking software, you can cut down on these costs significantly. Here’s how:

1. Save money on gas

When drivers get lost, they end up driving longer distances than necessary to complete their routes.

Driving isn’t free, of course. It requires gas, which costs money.

GPS tracking allows you to get your drivers back on track whenever they get lost. You’ll save a fortune on fuel this way.

2. Improve productivity

What are your drivers really up to?

Do they drive defensively or tailgate their way down the highway? Do they stick to their routes and stay on schedule, or do they run personal errands while they’re on the clock?

You can’t see them, so how do you know?

GPS tracking is how. With vehicle location tracking, you can see where your drivers are in real-time, no matter how far away they are from the office. You’ll know exactly who to target with additional training (and discipline, if necessary).

The beauty of GPS tracking software is that you don’t even need to look at it for it to have an effect. When your drivers know they’re being watched, they’ll know they can’t mess around. You’ll get more bang for your buck from your payroll dollars.

3. Beat the insurance blues

In addition to showing you where your drivers are, GPS tracking software will show you how fast they’re going as well.

This will lower your insurance premiums.

Insurance is a gamble. An insurance provider only makes money when the premiums they collect add up to more than the claims they need to cover. The less likely you are to make a claim, the less an insurance provider will charge you for premiums.

GPS tracking software allows you to prove to providers that your drivers are being safe. That’ll knock a few dollars off your premiums, which frees up funds for other areas of your business.

4. Make more informed business decisions

You know what they say: knowledge is power.

A route planner with vehicle tracking capabilities collects information that you can use to test fuel efficiency techniques, evaluate your drivers, and just generally understand your business better.

5. Take advantage of geofencing

GPS tracking software also makes geofencing possible.

Geofencing involves drawing custom borders over a real-world map. Then, you can set it up so that certain actions are triggered when your drivers cross through them.

For example, you can use geofences to automatically send your customers a text message when your driver is about to arrive. They’ll appreciate the notice!

Do you have any questions about field service route optimization? Let us know in the comments section below.

Also, we have some questions for you! Answering the following questions correctly will confirm that you understand the points we’ve laid out in this article:

1. What are the benefits of GPS tracking software?

2. Why do insurance providers offer lower premiums for companies that use GPS tracking?

3. What’s wrong with using pen and paper to collect delivery confirmations?

About Route4Me
Founded in 2009 and now with over 5,000 clients worldwide, Route4Me, Inc. provides the world’s most-used dynamic route sequencing and optimization software platform for small and medium-sized businesses and Fortune 500 enterprises. Highly intuitive and easy to use, the Route4Me platform allows customers to create, share, manage, track and drive optimized routes in a matter of seconds. Route4Me was the first route optimization company to release native iOS and Android apps simultaneously and reach over 1 million downloads. The apps are consistently ranked Top 10 highest grossing apps in the Navigation category in both app stores. Completely cloud-based, Route4Me accommodates fleets of any size, parcel and service delivery, ecommerce, territory management, GPS-tracking, final-mile optimization, dynamic routing, and supports API integration with any CRM, TMS, WMS and ISV.

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