10.08
2019

How Actsoft Solutions Help Improve Your Bottom Line

With every new innovation we add to our solutions, we’re continuing to make things easier, more efficient, and more connected for your business. And all three of these aspects working together result in a major boost to your company’s bottom line annually, with reductions in costs such as:

Fuel

Managing a cost-conscious workforce isn’t exactly simple, but it’s easier to do with GPS Tracking. Our solutions provide near real-time updates on your fleet vehicles’ activities, allowing you to be notified of any instances of excessive idling or speeding by your drivers. Equipping your vehicles with devices like the Geotab GO9 also remains a great way to integrate Encore, our flagship solution, with intuitive hardware that provides diverse insight on how your vehicles are routinely being operated. When it comes to fleet management, use this tandem of software and hardmount technology to identify and curb costly practices your mobile employees may be unintentionally conducting.

Paper

Antiquated processes like filling out paper documents and manually delivering them can be largely eliminated with Wireless Forms. Our applications provide the tools you need to go completely digital with all of your company’s documentation, helping to reduce potential costs associated with paper usage like errors from manual data entry, high purchasing expenses, and time spent driving paperwork back to the office.

Overtime

Actsoft’s Timekeeping feature gives businesses like yours the ability to clamp down on unnecessary overtime payouts with mobile time-punches. Your remote employees can clock in and out using a smartphone or tablet from our Encore solution’s single integrated portal, allowing them to track start and stop times while working with greater accuracy. Over the course of weeks and years, all those saved minutes from more accurate time-punches can have a sustainable positive impact on your company’s bottom line.

To find out more about how our solutions can help carve a path to savings for your workforce, check out our interactive return on investment calculator here, or schedule a demo today to gain an in-depth look at what our applications can do.

Have any questions on how Actsoft can help you?

Call (888) 732-6638 or Receive a Live Webinar

 

09.04
2019

Trucking Troubles: Two Major Fleet Hurdles and How to Handle Them

Every year, the trucking industry faces the same problems which can pose huge threats to business if they’re not tackled properly. From ever-changing regulations to unpredictable fuel prices, there are a wide variety of factors fleet owners must deal with on a day-to-day basis, leaving less time to grow business.

First, let’s take a look at the most common stumbling blocks for fleets today:

  1. Fuel price volatility
  2. Driver safety

Fuel Price Volatility
According to The Gazette, America’s 2.2 million freight trucks get about six miles per gallon on average hauling cargo, which can amount to $500 per day or more. Depending on the driver’s speeding habits, that cost can rise significantly.

The U.S. Energy Information Administration projects that total world consumption of marketed energy is expected to increase by 44 percent from 2006 to 2030. Because of decreases in spare oil production capacity, there’s no way to make up for sudden supply gaps or more demand, which drives the price up. This situation is further complicated when you factor in the problems of political instability in oil-rich countries.

Because fleet owners have no control over the cost of fuel, they must rely on other means to save money on fuel, such as driver behavior, route optimization, idling reports, and GPS tracking.

The average long-haul truck travels 4,000 miles a week, so even small reductions in fuel consumption can amount to a lot of cash saved by year’s end. By changing driving habits, like slowing speeds down by 10mph, will boost fuel mileage by a mile per gallon or more. This is a huge gain in savings for trucks that are getting six miles per gallon hauling heavy cargo.

Idling is another gas hog, as it uses about a gallon of diesel per hour. If your driver is letting the truck run while he drinks coffee and reads the paper versus turning it off to go inside a restaurant for that time, fleet owners are looking at an expensive cup of coffee.

Saving fuel (and money) is as easy as using basic devices and software that can monitor driver behavior, such as speed, idling, and even where they’re at in near real-time. These reports are emailed immediately, or as often as a manager chooses, so businesses can have a clear picture of how much money is going out during the course of a day and where savings can be had.

Driver Safety
In 2016, there were approximately 475,000 large truck and bus crashes. Of those, 3,864 were fatalities while 104,000 ended in injuries, according to the Federal Motor Carrier Safety Association (FMCSA). The estimated cost of all truck and bus crashes is estimated at about $100 billion per year.

  • The average cost of a large truck crash involving a fatality is $3.6 million per crash
  • A crash with injuries costs almost $335,000 per crash
  • The average cost of all large truck crashes is about $148,000 per crash

Not only are crashes devastating to victims, but they make enormous dents in a company’s bottom line. The worst part is, the majority of crashes are preventable. The majority of fatal crashes involving large trucks are attributed to speeding and driver fatigue. Thankfully, there are incredibly effective solutions to monitor and curb this behavior, giving fleet managers more control over what’s happening on the road.

Our easy-to-install tracking devices record driver speeds so you can make sure each employee is adhering to your standards. And ELDs monitor drivers’ hours, helping to assure that they don’t go over their legal time limit, thereby reducing ability for fatigue to factor in Both are crucial pieces of information in understanding how drivers are performing, and experts agree that making drivers accountable is an easy and powerful way to get better results on the road so there are fewer crashes, less costly citations, and reduced liability. By encouraging good driver behavior, there can even be a reduction in vehicular insurance, which is an easy way to cut costs and fatten up your earnings.

Have any questions on how Actsoft can help you?

Call (888) 732-6638 or Receive a Live Webinar

01.15
2019

The Importance of Creating a Budget

Whether it’s in business or personal finance, the importance of budgeting can’t be understated. Out of control spending can derail finances for anyone, and companies that successfully keep their bottom lines in check are able to hire more employees, gain larger market share, and most importantly, avoid bankruptcy. Here’s a few tips on how to implement an effective corporate spending plan.

Sticking to a flexible plan

When formulating a budget, it’s important to avoid rigidity. While any spending plan has to involve some level of structure, a strict, no-exceptions-allowed plan can actually end up doing more harm than good, because it can be impossible to stick to. Always try to maximize the gap between your business’s cost of operations and the cash flow being brought in, but as more revenue is generated, feel free to scale up and spend more when necessary. With that being said, be sure to confirm that there’s more than enough profits to back up the expansion of your budget’s parameters before doing so.

Preparing for the unexpected

Any business will have unforeseen expenses come up at one point or another. However, the key differentiator between a financially smart business and one that’s lacking is in the preparations. Things that break in the office and deadline shifts requiring overtime are just a couple of examples of unexpected costs that may arise, and leaving room in your company’s budget for things like these eliminates the anxiety associated with scraping together sufficient funds to deal with them.

Keeping costs low

Don’t cut corners on expenses to the point where your business would suffer, but still look for ways to reduce spending wherever possible. By acquiring an Actsoft business solution, you can gain return on investment by creating new strategies to slash operational costs. For example, our Timekeeping feature allows your business to reduce unnecessary overtime, and accurately manage employee timecards. Wireless Forms is another application of ours that can allow you to save more through smartphone-to-desktop integration. Digitize budget proposals and any other company documents to eliminate paper expenses, unnecessary waste, and processing delays using this tool.

By putting in place a flexible but effective budget, your business can continue to thrive by remaining in control of its bottom line. To create new ways for your organization to retain more of its profits, use the power of our business solutions, and lower your team’s cost of operations.

Have any questions on how Actsoft can help you?

Call (888) 732-6638 or Receive a Live Webinar