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Home > Finance > Leasing > Leasing software and fleet management converge to create synergies
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Leasing software and fleet management converge to create synergies
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After extensive research, Fleet management consultants Odessa
Technologies, Inc. recently identified key trends shaping the fleet
management industry. Among these key trends, in addition to real-time
exchange of information, users can expect to see greater functionality
derived from (1) the integration of leasing software and fleet
management systems and (2) web-based fleet/leasing software. With the
advent of Internet-based fleet management software, fleet management
companies can now leverage the accessibility of the Web to create
significant advantages over traditional leasing software products.
Benefits of web-based design
One of the benefits of the added functionality attributed to Web-based
software is an increase in operational efficiencies. In the past, the
ability to manage complex relationships across all customer types has
been challenging. Current technology enables users to connect with the
fleet management company or lessor from any location equipped with
Internet access. The traditional one-way pipelines of data delivery
thus become forums for information exchange. Additionally, the
integration of leasing software and fleet management systems can result
in demonstrable cost savings for the business. More specifically, fleet
management software is capable of connecting business partners in
real-time, thereby significantly reducing communication cycle times.
Integrated Lease & Fleet management software solutions
Designed specifically for fleet and lease management companies,
Odessa's software suite can address the entire range of fleet
operations while comprehensively managing the entire life -cycle of the
underlying lease contract. Typically, the fleet leasing life-cycle
begins with the issuance of a fleet card and ends when the vehicle is
taken off-road. With a continually expanding choice of services, fleet
management companies can choose software applications that are equipped
with fuel purchase management, maintenance work management, accident
management, license management, fleet card administration, exceptions
reporting, and customer billing capabilities, just to name a few. When
this is coupled with fully integrated lease management functionality,
there is a new value add that is brought to the table. The customer can
now be viewed in terms of all the services or products that they are
paying for and not just in isolated fleet or lease terms. Further, the
company's internal profitability, as a result, can also be better
analyzed. This allows salespersons, for instance, to more effectively
negotiate the various terms of a customer relationship that includes
fleet and leasing products.
Integration and customization
Fleet leasing services can be administered either as value-added
services that complement the lease life-cycle or as separate,
stand-alone product offerings - independent of leasing. The choice is
entirely dependent upon the individual business's needs. An advanced
fleet management software product provides seamless integration between
existing systems and allows for some level of customization thus
ensuring the long-term success of the investment.
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