Vehicle tracking to reduce buisiness running costs.
If you are a business owner, you would certainly be well practiced in cutting down on the costs sustained by your business such as shopping around for the best prices, cutting back on staff hours, avoiding unnecessary purchases, etc. But did you ever think about the hidden costs involved in doing a business? It may come as a big surprise to you to discover how you are losing your capital in ways you never could have imagined. Here is how GPS vehicle trackers can help:
1. GPS Vehicle Tracking Prevents Employee Theft
It is something every businessman/businesswoman would hate to think about; however, it is unfortunate that many companies do suffer a significant loss through theft of their time and resources by a minority of staff. Recent studies suggest that the yearly rate of employee theft for businesses in US alone is around 40 billion dollars per year, and with the economy worsening, the figure is climbing. GPS vehicle tracking system can help you in a lot of ways to put the brakes on such thefts. First, GPS vehicle tracking can help cut down on theft by closely monitoring all of the vehicles in your company fleet. A GPS tracker can immediately alert you of the position of a vehicle that it detects to be idle or crossing a boundary and roaming out of its allocated area.If you have grounds to suspect that an employee may be misusing a business vehicle for personal travel, GPS tracking systems can give you clear and accurate information to help you confirm or allay your fears. GPS tracking does not only provide you with essential information on your business’ assets, but is also a great way to deter your employees from committing theft.
2. GPS Vehicle Tracking Can Get You Discounts on Your Insurance
With GPS tracking installed on your fleet of vehicles, you may be very well able to secure a good discount on your insurance policy. GPS tracking greatly enhances the chance of your vehicles being found swiftly if stolen; consequently, some insurance companies will offer reduced premiums for vehicles that have an approved GPS tracking system installed.
3. Retain More Customers
GPS vehicle tracking also help you a great deal in providing the best customer service by affirming that your service provider would arrive the fastest. In fact, with GPS tracking, your remote worker is readily able to find out the most appropriate response to a call, and you will be in a position to provide your customers with reliable forecasts of changes to arrival times.
So in summary, for a company running a number of vehicles, the insight offered by a vehicle tracking solution can not only pay for itself, but also provide you with verifiable cost reduction.
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