Governance

We act as a central conduit for all strategic decision making and use our proprietary CentraxTM system to control the supply chain.

Categories

Stakeholder Engagement & Procurement Systems

The Challenge

Managing the regular churn of company vehicles and ensuring orders and invoices are accurate is very resource intense. Compliance is key to competent fleet management, but AP departments and disparate fleet stakeholders are not always equipped with the procurement systems required to manage the volume of work that comes from maintaining a car fleet supply chain.

Our Solution

The refreshingly independent approach of Fleetworx means that we act as your impartial adviser and supply chain governor. We act as a central conduit for all strategic decision making and use our proprietary Centrax™ system to control the supply chain.

Your Benefits

By exercising this control over the supply chain Fleetworx eliminates internal policy abuse and inaccurate invoicing, ultimately reducing fleet cost creep.

  • smooth decision-making on fleet policy and strategy
  • policy and strategy is aligned with corporate objectives to ensure smooth vehicle ordering process
  • reduce administrative burden on in-house fleet stakeholders
  • reduce cost creep
  • completely validated invoice payment process
  • reduces investment in resource and time
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ENSURING IFRS COMPLIANCE ACROSS EXTENSIVE CAR FLEET

FAQs

Fleetworx acts as an impartial adviser and supply chain governor, serving as a central conduit for all strategic decision-making. Utilizing their proprietary Centrax™ system, we control the supply chain, ensuring smooth decision-making on fleet policy and strategy, and aligning them with corporate objectives to facilitate a streamlined vehicle ordering process.

Fleetworx eliminates vehicle selection errors and ensures all orders are compatible with the company car selection criteria. The service involves devising an order processing system that includes all stakeholders. We construct selection criteria after consultation with lessors and the client company, consisting of entitlement levels that contain benchmarking vehicles from which employees make their vehicle choice. We manage the workstreams of all vehicle orders, approving orders against pre-agreed selection terms.

Without robust fleet governance, companies may encounter issues such as policy abuse, inaccurate invoicing, increased administrative workload, and misalignment between fleet operations and corporate goals. These challenges can lead to increased costs and inefficiencies in fleet management.

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