GPS / Telematics

Navman Wireless Releases ROI Calculator for Fleet Tracking

August 11, 2010 - Press Release

GLENVIEW, IL - Navman Wireless announced August 11 the availability of an interactive ROI calculator enabling fleet managers to instantly determine the potential savings of deploying the Navman Wireless OnlineAVL2 fleet tracking system in their particular organization. The free calculator is online.

The calculator delivers instant estimates of the impact of GPS-based fleet tracking on fuel, downtime, overtime, and insurance costs as well as CO2 emissions, based on the actual size and usage profile of the user's fleet. Company-specific metrics used in the calculations range from the number of miles and hours logged per vehicle per month, to overtime hourly wage, average hourly charge per customer, monthly insurance premium per vehicle, and lost revenue per vehicle per day from downtime.

Results are displayed interactively on-screen as users input data in six different categories. Projected monthly savings and increased revenues are shown by individual parameter as well as in total, with pie charts and graphs illustrating the savings breakdown by category and the payback timeline. Reports with the finished calculations can be emailed with a click, providing documentation of expected benefits that can be used to help make a purchase decision.

"Every fleet manager is faced with a unique fleet makeup, usage scenario, and business model. The only way to adequately predict the impact of a fleet tracking system is to customize the calculations to fit your own situation," said Renaat Ver Eecke, vice president and general manager, Navman Wireless North America. "Our ROI calculator does that quickly, easily and with more detailed input from the user than any tool we've seen."

Navman Wireless' OnlineAVL2 fleet tracking and management platform tracks all vehicles in the fleet in real time as well as measuring fleet, vehicle and driver performance. Its GPS-based tracking and extensive reports help reduce fleets' fuel usage, improve fleet productivity, enhance customer service, and identify problems such as excessive idling, inaccurate timesheets, unauthorized stops and personal vehicle use, as well as providing other insights that help fleet managers optimize operations.

About Navman Wireless

Navman Wireless is a global leader in GPS-based fleet optimization products and services, including real-time vehicle tracking and OEM GPS solutions that enable companies to track, monitor and communicate with their movable and fixed equipment assets. The company's flagship OnlineAVL2/Qube system is installed in more than 110,000 vehicles owned by over 8,500 customers worldwide, making Navman Wireless one of the world's largest fleet management providers with coverage on five continents. Navman Wireless is based in Glenview, IL, with facilities in the U.S., Mexico, UK, Italy, Taiwan, Ireland, Singapore, New Zealand and Australia.

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