A new online return-on-investment calculator has been designed to show businesses estimated cost savings from adopting fleet software.

The tool has been developed by software firm Fleetcheck, which says that by entering a few basic facts about their vehicles and how they are used, users can see whether the likely monthly rental cost of adopting a system will be outweighed by financial benefits resulting from accurate reporting and increased control over operations.

Managing director Peter Golding said: “There are many reasons for adopting fleet software, and ROI is not always the main driver, but it is very useful to be able to make a credible financial forecast, especially when there is pressure to ‘sell’ the purchase internally.

“We now have almost 1,000 business running something like 100,000 vehicles using our software, so we have a very good idea of the kind of financial impact that we can have.

“The ROI calculator is designed to be a highly credible forecast tool.”