Aside from compliance, there are so many benefits you can expect from electronic logging devices (ELD). They can make fleet management a breeze, reduce administrative tasks and improve overall safety. And one of the benefits is saving money – now, who doesn’t want that? Let’s break down a few of the ways ELDs save businesses time and money.

Optimize routing and delivery schedules

Imagine knowing in real-time the exact location of your fleet vehicles. Forget calling your drivers to see who’s in the neighbourhood. With the simple click of a button, you can dispatch the closest vehicle for a service all. The overall visibility of your fleet benefits everyone from the driver to the consumer. Talk about delivering exceptional customer service. With an ELD, you can collect valuable data such as time spent at a location, drive time, and if your fleet is burning fuel by idling.

In other words, using ELDS to optimize routing and dispatching is a great way to achieve visibility and future efficiency.

Keep tabs on the health of your fleet

ELD systems capture data on vehicle performance, engine faults, driver behaviour, and fuel efficiency. With all of that critical information, you have the power to increase the lifecycle of your fleet. Geotab’s telematics software can even be set up to schedule regular vehicle maintenance. That means you’re able to take preventative measures and avoid costly vehicle damage. Oftentimes, the cost of the ELD system more than makes up for the time and money spent managing fleet health.

Piles of paperwork are a thing of the past

As we all know, time is money. Take a moment and think about how much time you’re spending managing piles of paperwork and chasing down receipts? The endless hours of manual calculations and tracking down missing documents is enough to make you want to pull your hair out. Our clients have experienced first-hand the time and money saved by letting the ELD do the work. An electronic logging device tracks your drivers’ hours of service (HOS), DVIR, IFTA report, and more! Documents can be sent directly allowing you and your drivers to focus on what really matters – your company’s success.

Reduce insurance and accident expenses

When it comes to driving infractions, accidents, and safety concerns, ELDs are an extremely valuable source of information. Since electronic logging devices track engine activity, they collect driver behaviour data including speed, harsh braking, and sharp cornering. If an accident occurs, businesses can use the ELD to recount the driver’s trip history and collision reconstruction. Many drivers have been exonerated from driving infractions because they had an ELD plugged into their vehicle. Combine an ELD with a dash camera and you have very detailed information about what actually took place.

ELDs are a lot more powerful than just tracking vehicles on a map. They can automate many tedious daily tasks while providing data that enables better decision-making. Contact Northern BI today to start saving time and money for your business.