The Miles Consultancy (TMC) has won the Best Use of Data award by the International Auto Finance Network (IAFN) for its enhanced data solution.
The solution is expected to save just one of the company’s commercial fleet customers over £1 million in 2017.
“This simple yet sophisticated solution reduces fleets’ admin and compliance burden and delivers real savings,” said the IAFN judges of the service.
It consolidates, analyses and audits mileage and fuel data for both car and LCV fleets.
TMC says it delivers visibility, control and cost savings whilst also ensuring compliance, reducing admin and supporting drivers.
The solution impressed the IAFN judges with its ability to receive data directly from multiple telematics providers’ APIs. This removes the admin burden on drivers to log each trip while still capturing incredibly robust data sets that enrich TMC’s ability to audit and control fuel spend. For example, TMC can overlay vehicle locations with fuel transactions to make sure the vehicle is present when a fuel card is used.
For commercial vehicles, TMC can compare idle times within vehicle groups and look at the effect on MPG. Another enhancement gives CV fleets the functionality to store additional trip information, including the number of drops, trips and driver responsible. The system also links into a number of databases to access vehicle details for both the UK and European market.
TMC has rolled out the integration to over a dozen 1,000-plus-vehicle fleets since September last year.