Regardless of your industry, managing expenses is of the utmost importance. At the end of the day, you want to know one number that sums up your success or lack thereof. This metric, in essence, is the lifeblood of your business.
For Fleet Managers and those maintaining company vehicles, this metric is most often the cost per mile (or hour, km, etc). With that number, you have an instant snapshot of what it takes to operate a given vehicle - maintenance and fuel expenses included.
From there, you know, for every mile that is driven, you can project very accurately what it will cost to operate.
With that in mind, we at Fleetio are delighted to announce that the cost/mile metric is now displayed for each vehicle. See below!