Integrated Solutions aggregates fleet data, including costs incurred from driver speeding fines, the cost of any accidents in which employees may have been involved, the cost of non-standard maintenance and tyre replacement, end of life damage charges the driver may have incurred and risk assessment scores.
This is then analysed by GE Capital software to produce detailed reports showing the frequency and cost of all major aspects of individual driver behaviours.
It aims to help fleet managers drive down accidents and risks by focusing on those drivers causing the highest costs and highest risks.
For example, a driver that neglects their car and has poor miles per gallon (MPG) figures, regular accidents and higher than average tyre replacements can be identified at a glance, even at cost centre level.
Meanwhile, a driver who sticks to the speed limit, posts MPG figures that suggest careful use of the accelerator and has never had an accident is less of a priority for management action.
The adoption of Integrated Solutions is being forecast to deliver a 25% reduction in accident costs, 10% lower fuel costs, a 5% saving in fines administration, a 5% reduction in non-standard maintenance and tyre abuse and up to a 30% decrease in end of life damage recharges.
Future enhancements, available later this year, will include third party data such as the number of penalty points on each driver’s licence, MPG figures and additional accident information about who is at fault.
Gary Killeen, fleet services commercial leader for GE Capital UK, said: “We have created this innovation in response to our customer needs with several of them actively involved in highly successful development trials with 6,000 vehicles during the second half of last year.
“Looking at the different criteria in Integrated Solutions enables fleet managers to build up an unrivalled picture of the way their drivers behave on the road and to plan their future risk management strategy in order to cut costs and improve driver safety.”
Initially, Integrated Solutions will be offered to users of GE Capital’s full suite of outsourced services with a view to extending it to a wider customer base on a fee basis in the future.