NFP Fleet Management
Thursday, 2nd May 2013 at 10:08 am
Not for Profit organisations can benefit from engaging fleet management organisations, says GE Capital.
If your organisation runs its own fleet of vehicles to support your organisation’s objectives, you will be well aware this can be extremely capital and labour intensive. If you manage this internally today, a substantial proportion of your resources will be dedicated to purchasing, servicing, disposal and managing the inherent risks associated with owning and operating a fleet of vehicles.
These are some of the reasons many organisations turn to fleet management organisations to minimise these costs, mitigate risks and achieve the cheapest whole of life cost solution.
Custom Fleet, part of GE Capital, has a dedicated focus aimed at the Not for Profit (NFP) sector and understands the challenges faced by NFP organisations. They are attuned to the needs of this sector, providing tailored and cost effective fleet management solutions, taking on board the primary concerns of their NFP customer base to minimise costs, potentially increase cash flow and provide them with the best ‘value for money’ when operating their fleet.
Custom Fleet provides innovative solutions to cash flow issues. One option is to purchase your fleet and lease it back to you, ultimately freeing up valuable capital that can be allocated to other business initiatives. Their customers also benefit from substantial discounts when they lease vehicles as a result of the discounts negotiated with Custom Fleet’s suppliers throughout Australia – these discounts often equate to better than government contract pricing.
With legislation such as the NDIS impacting the way in which some NFP organisations will be allocated funds, it’s the perfect opportunity to start seeking alternatives to manage large capital expenditure.
Today organisations need to do more with less, therefore increasing efficiencies is another key issue Custom Fleet addresses. As part of the day-to-day management of their customer’s fleets, their customer service involves effective online reporting, maintenance and accident management. They also appoint a Relationship Manager to foster the partnership, conducting regular reviews and benchmarking of other NFP’s to identify potential savings and efficiencies, specific to the organisation.
The way in which fleets are managed effectively is going to vary from organisation to organisation. Each needs to be fit for purpose, considering the functionality and requirements of the fleet. If minimising costs and increasing efficiencies are objectives of your organisation, Custom Fleet has the industry experience and insight on offer to ensure your fleet works on the road as well as on the Balance Sheet.