TORONTO, Jan. 7 /CNW/ - General Electric (NYSE: GE) is expanding its award
winning telematics solution to Canada, the company announced today. The
offering, which was rolled out in the United States in 2006, gives companies
with fleets of vehicles the critical line of sight into how their assets are
performing in real time.
"Now more than ever, businesses are looking for smart, efficient ways to
reduce operating costs while simultaneously increasing productivity. Our
solution provides an answer, offering a powerful suite of back-office fleet
support services with robust analytics all on one easy to use integrated
platform," says Stephen Ulanoski, General Manager, GE Capital Solutions
Visibility, Knowledge, Competitive Advantage
GE's comprehensive telematics solution provides web-based access to
vehicle asset performance metrics including CO2 emissions as well as related
alerts, trend charts, exception reports, and customizable mapping. The
integrated solution not only allows customers to see in real time where their
assets are; it offers clear strategies for improving performance and puts them
on their way to greening their fleet operations.
<a href="http://www.dwjtv.com/clip/wm/prv/genel5_hw_9.asx">Click here</a> to watch a brief video that explains telematics in more
GE's six-sigma trained fleet telematics experts compile more than 100
customized reports. These allow businesses to take into account stop
frequency, stop duration, and drive time, along with many other critical data
elements demanded by diverse fleet types. The reports and analysis helps
customers understand the impact of each on their business.
"For example, if it takes 30 minutes to visit one customer and 60 minutes
another, the data and our analysis helps our clients understand what's behind
that. Once that's captured and the costs are understood, we help our clients
take proactive steps-whether it is better route planning or more strategic
resource allocation and pricing-to optimize the operation. The results are
immediate and significant, delivering the competitive advantage our customers
want and need, especially now," Amit Jain, Product Manager, GE Capital
Solutions Telematics program.
Augmented with additional current fleet data, actionable recommendations
provided by dedicated telematics consultants enable significant operational
improvement in a fleet's performance and cost management. On average,
customers have realized double-digit percentage improvements in worker
productivity, expanded business capacity, fuel consumption, carbon emissions,
accident rates, and overtime costs.
Moreover, because delivery, sales and service calls are completed more
efficiently, businesses using telematics are better able to meet their
customer service level agreements. This strengthens customer loyalty and
drives more revenue.
For a leading pest control company with 1,000 vehicles, the monthly
telematics benefits alone have resulted in a savings of: 190,000 litres of
fuel; 20,000 hours of drive time; 450 metric tons of CO2 savings and 8,000
hours of operational planning.
High & Immediate Returns
GE's telematics solution is available for a flat monthly subscription
fee. Customers pay for the product as they realize the benefits, instead of
making a significant up front capital investment. As a result, they quickly
realize an ROI--which can be anywhere from 2X to 8X-- which can increase over
About GE Capital Solutions
GE Capital Solutions Canada (www.gecapitalsolutions.ca) is a leading
provider of financial and fleet management solutions to businesses operating
in a broad range of economic sectors, including construction, transportation,
energy and manufacturing. The business' customized solutions include
asset-based equipment financing, corporate, franchise and fleet financing as
well as financial solutions and services to equipment manufacturers, fleet
operators, distributors, dealers and their end users. With more than 20
offices across the country and access to the resources of the General Electric
Company, GE Capital Solutions has the ability to deliver innovative solutions
for all commercial financing needs. General Electric (NYSE: GE) is Imagination
at Work - a diversified technology, media and financial services company
focused on solving some of the world's toughest problems.
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