#4 Managing the Finance Installation of New The capital costs of new hardware can seem daunting but they don’t have to be. Collaborating Equipment with your finance team and your technology provider can enable you to see what options Identifying the right in-cab solutions is an are available to best manage this investment. important milestone but it is just a step in a Develop a game plan to maximize your return on broader strategy to successfully implement this investment (ROI), including exploring the following new technology in your fleet. Like any major options: technology investment, a successful rollout will | Taking a phased approach: One strategy is require collaboration between your technology to consider implementing new technology in partner and key stakeholders within your phases, targeting subsets of your fleet before organization. gradually rolling it out to the rest of your It is imperative to involve central parts of your vehicle base. Are there particular terminals or business, coordinating closely with these lanes that your fleet operates in that may be functional areas and your technology provider to more susceptible to 3G network degradation? ensure a successful implementation. These areas Do some of your vehicles have even older include: equipment than others? Introducing new hardware in stages can help you manage costs and strategically implement new technology where it is needed the most. | Spreading out your investment: Another option to consider is seeing if your technology provider offers a subscription-based service model. We are all used to paying for our cell phones and other personal devices through monthly fees and the fleet mobility industry is beginning to offer this type of payment structure, too. By spreading out your investment over months or years, you can realize the benefits of the new technology while not incurring a large upfront cost.