One of the most demanding duties a fleet manager confronts is budget control, yet efficient expense monitoring allows for in-depth fleet management cost research. Keeping an organised record of purchases enables managers to acquire information that might impact their profitability, return on investment (ROI), and every part of their fleet management plan.
Due to a lack of real-time expense tracking, many fleet managers suffer with their budgets. This is where LocoNav’s new “Add Trip Expenses” feature comes into play.
Manage your fleet efficiently with LocoNav’s Fleet Management Solutions!
Feature Update: Add Trip Expenses
Assign charges incurred on a trip to individual trips in a more organized and seamless way. With this update, you will be able to track and analyze detailed information regarding each individual trip’s expense in one place. This will enable you to control budgets by adding real-time trip expenses while the vehicle is on the move.
How Will The Add Trip Expenses Feature Benefit You?
- Efficient Data Management: Expense data of individual trips can now be tracked against the respective trip.
- Increased Control: Track and manage all on-trip expenses including fuel, tolls, food, and more in one place.
- Gain Actionable Insights: With our organized and easily accessible data, you can gain insights by analyzing the breakdown of trip expenses and revenue and eliminating errors in invoicing records.
- Revenue Data: Fleet managers need to keep track of trip-related expenses, revenue, and the margins for the trip as per their business needs. On the trip details page, you can now easily view, manage and update total expenses and revenues.