Fleet Advantage announced it has enhanced its award-winning ATLAAS (Advanced Truck Lifecycle Administrative Analytics Software) with new sophisticated advancements. The newly launched platform - ATLAAS Unified - will reshape the way private fleets and for-hire carriers operate, manage and evaluate fleet costs through several strategic advancements and new solutions.
ATLAAS has helped Fleet Advantage become one of the most disruptive and innovative companies in transportation asset management and financing today, the company said. The software offers comprehensive asset management solutions that include asset optimization, and complete lifecycle management offerings. Since inception, ATLAAS has helped customers save an estimated $75 million, and as a result Fleet Advantage now services 28 of the top 100 private fleets in the country. ATLAAS has over six billion miles of data as part of the company’s tracking and analysis and monitors over 40,000 vehicles offering advantages in benchmarking of operating costs and providing monthly, quarterly and annual fleet reporting for Total Cost of Ownership.
“Since inception, ATLAAS has always offered a strategic advantage to private fleets and for-hire carriers that leverage its ability to bring added visibility to the utilization and performance of the fleet and each individual truck,” said Jim Griffin, Chief Operating Officer and Chief Technology Officer of Fleet Advantage. “What we have learned from our customers is that finance and operations are utilizing different data sets and systems to analyze performance and cost, and this creates a communication gap. With the release of ATLAAS Unified, fleet managers and finance directors have the ability to analyze the same data from different perspectives in the same system to make the right decisions on each truck in the fleet.”
A recent Fleet Advantage study confirms that 37.5 percent of fleet executives cited the inability of their finance departments to clearly communicate the company’s financial metrics and goals for the fleet to the operations department as the largest communications struggle. An additional 34.4 percent said finance doesn't understand the benefit of investing in newer equipment; and 31.3 percent said finance doesn't understand various operating costs associated with the fleet. ATLAAS Unified offers a single platform with custom views so that finance and operations can look at critical fleet data together and understand how truck utilization is impacting the organization.
Key Enhancements in ATLAAS Unified
ATLAAS Unified now enables private fleets and for-hire carriers to leverage intuitive dashboards instead of complicated spreadsheets and allows users to create their own custom view with the information that interests them most: financial data for CFOs, vehicle performance for fleet managers and maintenance data for repair personnel.
Clients can now manage their entire fleet utilizing ATLAAS Unified, with views on everything from operational costs, maintenance and repair (M&R) data, replacement vehicle savings, vehicle servicing and histories; and the new platform is now mobile-responsive for on-the-go fleet management. This functionality is critical since a recent industry survey revealed that 75 percent of fleet managers said they need better reporting on areas such as M&R for their senior management teams. Fleet managers also say fuel records (62.5 percent), ELD (53.1 percent) and OBC (46.9 percent are the top sources of data they use to build reports for senior management.
ATLAAS Unified also offers visibility into a truck’s TIPPINGPOINT – the point at which a truck reaches economic obsolescence, when it costs more to operate the current vehicle than to replace it with newer equipment. Clients can view a list of vehicles for which they would experience gains to their financial bottom line by disposing of an older truck and replacing with a newer unit. This data, combined with Fleet Advantage’s extensive experience in the used truck market, helps clients maximize the disposal value of the used vehicles. According to a recent survey, nearly a third (29%) of fleet operators that average 80,000 – 120,000 miles driven per year say they are currently receiving less than market value when disposing of their aging trucks.
“The innovation behind ATLAAS Unified is important because it delivers to each of our clients a clear competitive advantage in an industry that demands optimum performance on the road and in the board room,” said John Flynn, CEO of Fleet Advantage. “The launch of ATLAAS Unified represents a continuation of our associates’ commitment to excellence, and our dedication to offering the best resources available to private fleets and for-hire carriers.”