Predictive Modeling Software Enhances Fleet Advantage’s Commitment to Lowering Total Cost of Ownership Through Lifecycle Cost Management
ATLANTA, GA (February 24, 2020) – Fleet Advantage, a leading innovator in truck fleet business intelligence, equipment financing, and lifecycle cost management announced today at the American Trucking Association’s TMC Annual Meeting in Atlanta, a new significant innovation and extension to its award-winning ATLAAS platform
(Advanced Truck Lifecycle Administrative Analytics Software) with the addition of predictive Lifecycle Management Software (LMS). This addition enables Fleet Advantage to help its clients predict the optimum replacement cycles and operational cost savings on their aging trucks.
Click here or stop by Fleet Advantage booth #3759 to schedule a demo of the new LMS module.
ATLAAS is an innovative and pioneering business intelligence resource for private fleets and for-hire carriers. The software platform is used to manage all pertinent fleet information with data analytics and visualizations to manage an entire fleet with a few keystrokes, on one platform, without the need for a support team of analysts or data scientists. The software notifies fleets months in advance of when an individual truck or group of trucks will reach their TIPPINGPOINT®, the point at which a truck reaches economic obsolescence, and costs more to operate than to replace with newer equipment.
“With ATLAAS, we’ve shown a distinct commitment to preserving the bottom line for our transportation fleet clients through innovation and business intelligence resulting in smarter and more profitable decision-making,” said Brian Holland, President and CFO of Fleet Advantage.
This new enhancement helps Fleet Advantage identify, predict and forecast each truck’s TIPPINGPOINT® by selecting future dates to analyze any number of criteria, including truck make, model and type; as well as utilization characteristics such as usage location and fuel metrics. This critical insight helps predict the savings over the next one, two, or three years and shows where unit replacements would present operational cost savings over the predicted time allotment during that time span.
Predictive modeling allows organizations to create future business insights with a significant degree of accuracy. With the help of sophisticated data analytics tools and modeling, Fleet Advantage can now use past and current truck utilization data to reliably forecast budget trends in months and years into the future. Predictive modeling and analytics tools are expected to reach approximately $10.95 billion by 2022, growing at a compound annual growth rate (CAGR) of around 21% through 2022,
according to Zion Market Research.
“Our new LMS predictive modeling is the next evolution of our superior consultative approach and allows us to more closely forecast the profit and loss statement for the entire fleet as well as individual vehicles,” said Jim Griffin, Chief Operating Officer and Chief Technical Officer of Fleet Advantage. “With the new LMS module, we can better identify when trucks should be replaced, equipping fleet managers with their total cost of ownership metrics in advance to help set their budget and be more proactive as opposed to reactionary.”
For more information or to schedule a live demo,
click here.
About Fleet Advantage
Fleet Advantage serves America’s top truck fleets and guarantees the absolute lowest cost of operation by providing truck and trailer leasing and matching proprietary data driven IT processes with fleet analytics using the latest eco-efficient clean diesel technology to achieve optimum vehicle productivity, while reducing operating costs. Fleet Advantage is ranked as one of the fastest-growing privately held companies in the state of Florida and the fastest growing independent truck lessor in the U.S. In 2018, Fleet Advantage was ranked the 9th Top Private Independent from Monitor Daily; and in 2015 and 2013, the company was named to Inc. magazines’ 500|5000 list of fastest growing companies in the nation. In 2011, CEO John Flynn received the Ernst & Young Entrepreneur of the Year® 2011 Florida - Emerging Category award.