
Financial Director: Cost Specifics
In the Introduction section we mention the ever-escalating costs of running a vehicle fleet. If a very conservative (say 5-10%), saving can be made on costs, then the initial capital outlay in purchasing the FleetFocus package can be recovered in a very short time-scale indeed.
What follows is just a brief list of some of the key Cost Control features inherent in the Software.
Main module
- Avoid unneccesary expense with the 'Authorisation' facility, which determines if contemplated work on a vehicle can be justified, and if justified are the eventual charges reasonable. Properly controlled Jobs Authorisation is, we feel, a major contributor to cost saving.
- The 'Expenditure and Accruals' report monitors both actual expenditure and committed expenditure in user-defined 'past' and 'forward' periods, with values being analysed into user-defined cost 'groupings'.
- The software will identify rogue and high operating cost vehicles at an early stage.
- Leased Vehicles:- Early indication of Excess Mileage charges with predictions of actual charges if allowed to run to end of term. Allows re-allocation possibilities to less-heavy usage.
- Owned Vehicles:- have full depreciation management facilities in-built.
- 'Expenditure by Cost Code' reports provide full costing analyses against user-definable Cost groupings, Reasons and Events.
- A further report illustrates R & M expenditure Vs. Budget.
- The system allows close control over high-value 'Wheels and Tyres' specifically, and monitors recovery of Road Fund Licence refund claims.
Drivers module - Includes P11d and Self-Assessment
- The Drivers / Self-Assessment Module incorporates a full P11d suite, not just for vehicle-related benefit-in-kind but for the whole range of the various 'sections' making up a P11d return as a whole
- P11d report and P46(Car) report are automatically produced in a format acceptable to the Inland Revenue
- P11d(b) Report - NIC Summary, automatically calculates employer NIC Class.1A contributions due for a given period, individually for each employee and gives aggregate overall totals.
- Monitors recovery from individuals of offence-related fines, paid initially by the employer.
Accident Module - Costs Recovery
- The Accident Module offers a high degree of control in accident management including expedition of repairs, and costs recovery and credits management.
- A wide variety of accident analysis facilities, both Financial and Incidence is available.
We trust these few pointers are of interest and highlight the genuine cost-saving potential of the software. All topics are covered in more depth elsewhere on this WebSite.