Small Business Profitability through Vehicle Fleet Management

As an established supplier of GPS Trackers, Brisbane based small business; MOGO, works with similarly sized clients and is familiar with the financial geography of the small business space. MOGO has worked with existing clients with a turnover of less than $2 million understand the challenges that arise from running a small business fleet of vehicles and have seen how implementing their GPS Tracking technology can improve a business’s financial position.

Both small business clients and industry experts say the volatility of business revenue is significantly higher for small business than larger businesses. Whilst some might say data suggests bigger is better, the converse strategy would be based in analysing then reducing outgoings. Streamlining expenses is particularly important in the small business setting. Furthermore, well respected business strategists, Dun and Bradsteet believe a focus on minimising expenses should be ‘nothing short of an essential mantra’. With the added considerations of changes in expense caps, tax deductions, fuel rebates and fuel prices,  it seems that small business is at the peril of many elements, many of which are out of their control.

As commercial fleets continue to expand so do the associated maintenance, communication and general running costs. When considering the number of light commercial vehicles has now surpassed 2.6 million and light rigid trucks are in excess of 124,000 the cost of keeping all these wheels in motion is very real and certainly mounting across Australia.

By installing GPS Tracker technology businesses have a starting point to benchmark fleet operations and with time, expenses. Working with businesses that use MOGO GPS trackers and the home grown Australian online GPS Tracking software is something that MOGO does every day.  MOGO has seen the following client benefits:

·         Significant reduction in petrol and diesel spend  - simply by ensuring vehicles are using ‘logical’ routes instead of those drivers might personally prefer

·         Higher earnings from rental fleets - Operators with specialised rental fleets consisting of excavators and bobcats have enjoyed real time reporting on asset use by clients which has reduced administration hours required for invoicing

·         Reduction in communication expenses - the ‘where are you’ phone call doesn’t exist any longer, the associated safety aspect of this change is also considered priceless by many employers.

MOGO has gone one step further by providing an online calculator to show just how much businesses can save over just 90 days.