What is your ROI with Frotcom?
Let’s suppose you are about to invest in Frotcom because you believe this system will help your company remove inefficiencies, cut costs, improve service and so forth. That’s just great. But you need to know what your return on this investment (ROI) will be. The ROI of an investment is calculated as: A ROI above 1 means that you gain more than you spend. The higher the ROI, the better, of course. It means you gain a lot more than what you invest. So let’s start with the costs. The cost of Frotcom will vary, depending on the exact tracking devices you choose and on the modules you activate. For instance, Eco-driving or Interact messaging are specific modules in Frotcom, which require activation before you can use them. As for the gains, the most commonly referred after installing Frotcom are these three: Other benefits may be trickier to calculate, either for being intangible or because they depend on variables hard to estimate: Better business planning, Enhanced security of drivers, vehicles and cargo, and a Lower carbon footprint. It is quite common to see ROIs of 5 or more with Frotcom. Fuel consumption alone can reportedly drop by 5% or more due to better control of route executions, better fuel management and better driving behaviour. That can represent huge savings by the end of the month. That is why Frotcom is clearly a good investment and it will pay for itself from day 1. If you would like to calculate how much your company will save monthly after installing Frotcom, click here.