LEX Autolease says its Fleet Benchmarking tool has saved customers more than £1.5m since it launched the service in February 2018.
The service is available to the leasing company’s customers that run in excess of 500 vehicles.
It draws on data from Lex Autolease’s fleet of almost 390,000 vehicles. The tool helps identify cost and operational efficiencies, how to enhance driver benefits and steps to improve duty of care focus.
Fleets can be benchmarked anonymously against others in the same sector or against a business of a similar size to view like-for-like comparisons across all measurable activities. Lex Autolease says it ensures short-term competitiveness and can provide the foundations for long-term fleet improvements.
Andy Barrell, Head of Business Development at Lex Autolease, commented:
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“Companies are keen to understand how their fleets are performing from operational, risk and cost perspectives but until recently, all they’ve had to go on is their own data from previous years.
“Now, fleets can benchmark their performance against our entire corporate customer base, drawing on competitor insights and industry best practice to drive policy change and development.”
Lex Autolease points out that Fleet Benchmarking has helped to:
- Lowering emissions, amending mileage rates and restricting engine capacity to save £1.4m for a major retailer;
- Improvements to the management of accidents, motor offences and driver recharge to save £820k for a healthcare provider;
- Simplifying the choice list, introducing electric vans and improving the management of end-of-contract damage charges to save £89k for a transport contractor.
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