![]() ![]() Now that we know how long it takes to see a return on investment, let’s break down the specific ways fleets save. ![]() The Key Benefits of Fleet Management Software The bottom line is that, in most cases, you can expect to see a positive ROI within a year max. Equally as important, these technologies also help prioritize safety, increase customer satisfaction, and promote sustainability through reduced fuel usage.” Fleet management technologies allow a dramatic reduction in costs while also enabling companies to get more work done. “Many companies have been financially stretched during the pandemic. “These results demonstrate in hard numbers, the transformational effect using fleet management solutions can have,” writes Peter Mitchell, senior vice president and general manager at Verizon Connect. While the exact results will vary from company to company, this technology has a solid impact across the board. Further, 64% of respondents that participated in the study found fleet management software to be ‘very’ or ‘extremely’ beneficial to their business. ![]() This means there’s not a prolonged wait time, and most fleet managers can expect tangible results within a reasonable period. 86% of fleets see a positive ROI within a year or less, and 44% see it within six months or less Click To Tweet And nearly half see it even sooner, within six months. By these numbers, the vast majority of fleets (nearly nine out of 10) will get their money back within a year of using fleet management software. They found that 86% of fleets see a positive ROI within a year or less, and 44% see it within six months or less. What the Data SaysĪ joint survey performed by ABI research and Verizon Connect made some compelling findings regarding how long it takes fleets, on average, to recoup their money and increase their profits after implementing fleet management software. In it, we’ll examine recent data to identify how long it typically takes to see a positive ROI, explain the specific benefits of using this technology, and look at a couple of real-life examples of fleets that have had great results after implementing it. ![]() Just how long does it take to see a return on investment on fleet management software? That’s exactly what we’ll tackle in this post. But one of the main questions fleet managers have when considering this type of platform is the ROI. According to research, 64% of fleet managers used a fleet tracking solution in 2021 - an 8.5% increase from 2020. Fleet management software has become a popular platform for many companies because of its impact on efficiency, productivity, and profitability. ![]()
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