The Benefits of Telematics Software for Commercial Fleets

The Benefits of Telematics Software for Commercial Fleets

Managing a commercial fleet and drivers can be challenging, particularly given the potential for accidents, employee injuries, liability concerns and increased costs associated with vehicle upkeep. Nevertheless, your fleet plays a significant role in the success of your business.

Taking a proactive approach to fleet management is crucial. Many businesses have started utilizing telematics—a form of vehicle software that combines the features of telecommunications and informatics to help employers effectively manage and monitor their fleets. This software connects to devices installed within vehicles, including GPS technology, sensors, mobile applications, dashcams and engine diagnostics solutions.

Implementing telematics software can benefit your commercial fleet by:

  • Reducing operational costs—Telematics software can help keep your drivers updated on upcoming traffic concerns or road hazards, offer rerouting options and locate preferred gas stations—all of which can contribute to maximum fuel efficiency and lowered operational costs.
  • Encouraging safe driving—Because telematics software detects driving behaviours, your employees will be even more motivated to follow safe driving practices and meet company standards. This technology also allows employees to monitor their driving habits better and detect flaws.
  • Fostering employee engagement—By implementing telematics software in your fleet, your drivers will be more able to digitally communicate and interact with others (e.g., their supervisors, co-workers and dispatchers) regarding their travel progress, road conditions, delivery requests and vehicle concerns.
  • Bolstering fleet security—Due to advanced tracking and communication features, telematics software can help keep your commercial vehicles safe and secure in an emergency, thus minimizing potential theft concerns.
  • Upholding vehicle maintenance needs—Telematics software can detect vehicle issues like engine problems and diagnostic concerns. It can inform drivers of such issues and locate nearby repair centres or garages. Further, telematics software can be programmed to notify drivers of routine maintenance requirements, such as oil changes and tire pressure checks. It’s best to pair telematics software with a preventive vehicle maintenance program to streamline the upkeep of your fleet.
  • Reducing administrative costs—Telematics software allows your business to digitize vehicle and driver records that would otherwise have to be maintained manually, which can be time-consuming. This technology lets you generate reports regarding fleet expenses, driver performance and vehicle maintenance, thus simplifying your recordkeeping practices overall.

CMB Insurance offers a reliable, one-stop source for insurance and safety solutions. We have teamed up with Strategic HSE Systems Inc. to provide compliance and safety solutions for your transportation business. Find out more here.

For information on trucking insurance, or to find out how to reduce your insurance costs call CMB at 780.424.2727 or click here to get a quote