Web-Based Tools offer fleet expense analysis solution.
Press Release Summary:
Expense Variance allows clients to drill into 7 different fleet expense categories in order to identify where and why costs have changed over time, using best practice guided analysis to review expenses from one period to the next. Focusing on all major elements affecting fleet costs, Cost Projection tool contains prior year and year-to-date data and calculators and enables budgets to be created in minutes. The output from both is available in document and spreadsheet formats.
Original Press Release:
Wheels, Inc. Launches Web-Based Expense Analysis Tools
Fleet Management Leader Designs Technology That Helps Fleets Effectively Manage Their Costs
DES PLAINES, Ill., May 6 / / - Wheels, Inc., a leader in the multi-billion-dollar fleet-leasing industry, today introduced two major new fleet decision tools: Expense Variance and Cost Projection. The innovative tools are designed to provide fleet, sourcing and finance executives and managers with an organized and straightforward look at all fleet expenses, capturing and presenting the data needed to make optimal decisions for their fleet.
"These additions to Wheels' FleetView® take online fleet management technology to a new level," said Scott Edidin, Wheels Senior Account Manager. "Fleet expenses are challenging to understand and explain. Executives and managers can now easily and quickly mine fleet data in real-time to control their fleet costs, avoid expense surprises, identify savings opportunities and reach the best possible business decisions."
New Technology Focused on Expense Control
In Expense Variance, clients can drill into seven different fleet expense categories in order to rapidly and accurately identify where and why costs have changed over time. This feature uses best practice guided analysis to review expenses from one period to the next, in line with how corporate management evaluates fleet costs. Managers can easily identify the factors driving fleet expenses.
The new Cost Projection tool is an online modeling application that focuses on all of the major elements affecting fleet costs, such as fleet size, capitalized cost, and fuel prices. The tool contains prior year and year-to-date data and calculators to help managers make accurate forecasts and weight alternative budget strategies going forward. With this capability, budgets can be created in minutes rather than days, resulting in significant time savings and, most importantly, helping to avoid budget surprises later in the year.
The output from both decision tools is available in standard document and spreadsheet formats, providing for quick and convenient management reporting.
The new tools will be introduced formally to all Wheels clients through an exclusive web seminar this month. "These are the first in what will be a series of fleet decision tools that will be delivered to our clients," Edidin said.
About Wheels, Inc.
Wheels, Inc. (www.wheels.com), which pioneered the concept of auto leasing in 1939, provides a full range of specialized services to help organizations manage their vehicle fleets. Wheels has 550 employees and manages more than 250,000 vehicles. Its holding company, Frank Consolidated Enterprises, at $2 billion currently ranks as the largest privately held fleet management company and one of the largest private companies in North America. For additional information, please contact info@wheels.com.
Source: Wheels, Inc.
CONTACT: Rita Shoor of Shoor & Company, +1-803-699-0710, or Danielle Nesbitt of Wheels, Inc., +1-847-544-4374
Web site: http://www.wheels.com/
