As January approaches, the time has come to look back on fleet performance in 2015. Creating a snapshot of where your fleet exceeded or fell short of benchmarks and goals prepares the organization for sustainability and growth in 2016. With the right information and insight, the collected data can be a tremendously valuable resource for analyzing gaps, spotting what and whom to monitor, and understanding what financial opportunities could strengthen your bottom line.

Do this with 2015 Fleet Data for 2016 Success

12.15.15

fuel-manager-dashboardAs January approaches, the time has come to look back on fleet performance in 2015. Creating a snapshot of where your fleet exceeded or fell short of benchmarks and goals prepares the organization for sustainability and growth in 2016. With the right information and insight, the collected data can be a tremendously valuable resource for analyzing gaps, spotting what and whom to monitor, and understanding what financial opportunities could strengthen your bottom line.

As you build your 2015 snapshot and 2016 strategy, include the following in your 2015 review.

What changes did you make to the fleet operation in 2015?

What types of business changes occurred this year? Did you add vehicles to your fleet? Did you make any significant operational changes? Lay them out so you can align resources to needs.

How many transactions occurred?

You should have a fleet card record of every transaction that includes data for each user, location, and type.  Use the data to define purchasing patterns and driver behavior that could be improved with different controls and allowances.

What was your average fuel price per gallon?

Were your drivers fueling at the most cost effective locations? How did fuel price fluctuations (albeit moderate in 2015) impact your bottom line? What integrated fueling costs could you lower or eliminate with mobile fueling, different card settings or more targeted driver monitoring? With this data in place, not only can you adjust fuel card use strategies, you can engage proactive measures to manage costs should fuel prices rise.

How has your driver behavior improved?

Do your drivers have the tools and information they need to be conscientious of and accountable to their fuel purchase decisions?  By recording and scoring driver behavior, and sharing that information with your drivers in real-time, everyone is better equipped to make the best possible spending choices.

Most importantly, how will you utilize the data to improve operations?

Within the Comdata system, you have all the information necessary to evaluate and compare performance against company benchmarks and market trends. But as we all know, it is the insights derived from the data that lead to solid, measurable strategies.

Helping Fleet Managers Make Sense of Data

Dedicated relationship managers transform Comdata’s rich analytics resource into an operational and competitive advantage for our clients.

By working closely with each client over the course of the year, these experts serve as data analysts and operational consultants. Acting as a partner, we understand and care about your fleet operations almost as deeply as you do. Through quarterly and/or year-end reviews, we clarify the most important collected data, read it against market trends and your operations benchmarks, and provide informed insight into your best possible strategies for the future.

Do you have the information and insight you need to close the 2015 books and open an even more successful chapter in 2016? We would love to help you make your information complete and meaningful for the best year on the books.