SPEED FINANCIAL SYSTEM (FS)
Enhance Vehicle Profitability
Have you ever thought to count on your vehicles in the sense of profit generated by a single vehicle? Well, in the rental business every vehicle matters. You must keep an eye on the revenue earned by each vehicle. How is it possible? You may ask.
Fine, Speed ERP provides you with the perfect smart solution efficiently integrated with all other software like CRS, Leasing or Limo. So, it is more resourceful, perfectly suitable, and precisely integrable.
So, What Is Vehicle Profitability?
Every vehicle consumes a certain amount of funds when operating in the rental industry. These are the expenses that you have to bear unavoidably. So, you can make a profit only if the revenue generated by that vehicle is more than the expenses on it. This is called vehicle profitability and is counted in percentage. You can count vehicle profitability as;
Vehicle Profitability = Revenue – Expanses / Expanses x 100
For instance, a certain vehicle has earned $2000 on a specific day. Meanwhile, the overall expenses on that vehicle are $500, then the profitability would be;
Vehicle Profitability = $2000 – $500 / 500 x 100 = 300%
In order to calculate the vehicle profitability, you have to record, measure, and analyze the revenue as well as expenses of that vehicle. This is too complex if you have different fleet management and finance software. Yes, you have to hire a single solution that not only manages your fleet but also provides you with necessary matrices such as revenue, expenses, and profit, etc.
Keeping this aspect in the account, Speed Auto Systems has developed Enterprise Resource Planning (ERP) solution. It would help you to finely estimate the performance of each vehicle in terms of money.
Why Speed Enterprise Planning (ERP) Software For Vehicle Profitability?
Well, Speed Enterprise Planning (ERP) software is unique and one of its kind in the market. Its compatibility and value addition qualities make it stand out among its contenders. So, it’s ideal for vehicle profitability.
- It incorporates operations with finance and makes it easier to record every transaction directly into ERP.
- As vehicles are your primary source of revenue, Speed ERP is designed to induce data from the movements of vehicles and agreements.
- It would make you able enough to count on every vehicle individually. So, you will be able to scrutinize vehicles as per revenue.
- Speed ERP is easily integrated with all other solutions provided by Speed Auto Systems.
- You will experience an all-in-one scenario. So, it would be the whole solution for your all rental business needs.
Go For Speed ERP
Yes, it’s time to switch to smart solutions. Speed ERP is one of the best solutions in the industry. With value-added service and highly professional support, it is the most popular software among entrepreneurs.