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GE Capital dashboard solution to provide ‘unrivalled picture’ of fleet risk

The system aggregates various driver accident and risk data, which is then analysed by GE Capital software to produce detailed reports showing the frequency and cost of all major aspects of individual driver behaviours. 

These reports can help fleets 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 fuel consumption figures, regular accidents and higher-than-average tyre replacements can be identified at a glance, even at cost centre level

According to GE Capital, 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 and additional accident information about who is at fault. This will provide an even more exhaustive and accurate picture of what is happening on each fleet.

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.

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Natalie Middleton

Natalie has worked as a fleet journalist for 16 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. As Business Editor, Natalie ensures the group websites and newsletters are updated with the latest news.