Enterprise Fleet Management
74 Case Studies
A Enterprise Fleet Management Case Study
Frank M. Booth, Inc., a commercial HVAC company, believed owning its fleet was more financially sound but struggled with its management. Day-to-day functions were spread across numerous people without formal systems for vehicle replacement, fuel tracking, or maintenance cost review. To address this, the company turned to vendor Enterprise Fleet Management.
Enterprise Fleet Management implemented an open-ended equity leasing program, which included a maintenance and fuel card program and a formal vehicle replacement plan. This solution reduced overall operating expenses and acquisition costs, improved cash flow, and streamlined the repair approval process. The results included a significant infusion of cash back into the business and the freeing up of nearly ten internal staff from daily administrative tasks.