Company-provided vehicle programs are the second most popular among major vehicle programs. While they offer a simple solution by providing fleet vehicles for business travel, the real challenge lies in managing the ongoing expenses. https://lnkd.in/g5nVgibg
Motus
Software Development
Boston, MA 21,658 followers
The Future of Fleet Starts Here
About us
Motus is the leading expert in vehicle reimbursement and driver risk mitigation, offering proven and secure solutions for every driver that simplify the reimbursement of driving costs and reduce corporate risk exposure. With an unmatched pool of data refined over more than 80 years, Motus is the preferred partner to top Fortune 500 companies and organizations committed to workplace agility. For more information, please visit www.motus.com or connect with us on X, Facebook, Instagram, or LinkedIn.
- Website
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http://www.motus.com
External link for Motus
- Industry
- Software Development
- Company size
- 501-1,000 employees
- Headquarters
- Boston, MA
- Type
- Privately Held
- Founded
- 2004
- Specialties
- Mobile Workforce Management Solutions, Mileage Capture Technology, Vehicle Reimbursement Solutions, Fleet Personal Use Management Solutions, Driver Safety Solutions, Route Planning & Optimization, Expense Management Solutions, and Future Fleet
Locations
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Primary
Boston, MA 02111, US
Employees at Motus
Updates
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Check out Ryan's post for insights on managing rising auto costs! 🚗📈
It’s easy to notice, auto costs are continuing to climb and climb. Even as prices for vehicles have fallen in the past year, the overall cost of owning a vehicle is growing even more expensive. This article https://lnkd.in/eku7iPnF provides good context around some of the reasons for the hike, including rising interest rates on auto loans and insurance. When companies are evaluating what that means for their own bottom line, it’s important to be aware of macroeconomic trends like inflation, supply chain disruption, and regulatory changes. As these expenses climb, it's crucial for companies to take a closer look at their auto policies and fleet management practices. Here are a few strategies to consider: 🔍 Take a look at governance and existing tools: rigid or ill fitting solutions can create bloated and unnecessary costs. Conversely, modern solutions can provide better tracking, predictive maintenance, and optimized routing, all of which can help manage costs effectively. 📊 Accuracy of reporting: no real way around it, faulty data will equal faulty results. Accurate and timely reporting is essential. Leverage advanced analytics to gain insights into cost drivers and fleet performance that can help to identify inefficiencies and potential areas for cost savings. ✅ Approval workflows: ensure that there are clear protocols for vehicle acquisition, maintenance approvals, and expense reporting. This not only reduces unnecessary expenditures but also mitigates risks associated with unauthorized use or fraud. As prices continue to rise, so too does the risk around vehicle policies. Companies looking to improve margins can ill-afford unnecessary costs, and should be turning to solutions that can optimize spend in an equitable way.
Car ownership is getting more costly even as vehicle prices dip. Here's why.
cbsnews.com
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We are excited to welcome Brendan Diamond, Mohammad Rahman, Connor Brady, and Molli Collins to the Motus team! 👏
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Any business that wants to optimize its mobile device management will need to make an important decision in selecting a Managed Mobility Service (MMS). So where do you even start? 🤔 https://lnkd.in/gaAA8UHS