Just a Few of the Risks of Ignoring (ROI)
- Higher Fuel Costs
- Driver Safety Exposure
- Increased Billing Disputes
- Under Utilized Assets
- Higher Maintenance Costs
- Lower Productivity
- Unauthorized Use of Assets
- Exposure to Theft
- Increased Insurance Premiums
- No Predictability
- Increased Downtime
- Higher Emissions
See what a Storm Telematics
Business Impact Model Looks Like
Our expertise regarding fleet and asset management goes far beyond a simple ROI Calculator. Our data-science team provides you with a complete Business Impact Model that outlines your business optimization down to the finest grain and reveals the hidden dollars associated with every grain.
The result is something you can use to start forecasting your growth, in fact, our analytics engine does that too.
Disclaimer: Storm has mastered the building of custom business impact models and we normally breakout and include Soft Benefit Savings and Cost Avoidance Savings but because this information varies amongst organizations, requiring client collaboration, we did not include these elements in the above model. The above model is meant to reflect the minimum return on investment you could realistically achieve based upon the limited information provided.
Return on Investment, measures the gain or loss generated on an investment relative to the amount of money invested.
Hard Dollar Savings, includes but is not limited to insurance premium reduction, fuel consumption reduction from driver behaviour, fuel consumption reduction from reduced idling, reduction in vehicle maintenance costs, off hour fuel usage reduction, improved utilization.
Soft Benefit Savings, includes but is not limited to green house gas emissions, improved planning and data-driven management, improved worker safety/ emergency response, Off Hour incident legal fees and liability, change management efforts.
Cost Avoidance Savings, includes but is not limited to data entry costs, duplication of effort due to transcription/ human error, time allocated for investigation of customer complaints/ payroll issues/ tickets/ fuel fraud/ payroll fraud/ driver behaviour incidents, reduction in warranty voiding.
Net Present Value, is the difference between the present value of cash inflows and the present value of cash outflows. Used to manage the profitability of a projected investment or project.