Posted in:

Key2 software provides knowledge and understanding of SMR for Seven Asset Management

The Suffolk-based company operates commercial vehicles ranging in size from light commercial vehicles to 44-tonne HGVs and including specialist tanker, crane and refrigerated vehicles and trailers incorporating various ancillary equipment.

Seven Asset Management implemented Key2 – which is being showcased for the first time at the next week’s CV Show – to manage its expanding fleet of almost 2,000 vehicles more than three years ago.

Deputy managing director Steve Cole said: “Mileage information feeds enable us to inform clients of exactly when vehicle inspections are required and services and MoTs are due.

“We use data to support customers in terms of their regulatory compliance. The information we gather dictates what is planned in respect of future servicing and inspection schedules to meet ‘O’ Licence conditions.

“Our whole service offering is built around supporting clients’ businesses and we will maintain their vehicles in accordance with their compliance requirements.

“A robust system is required to deliver solid outputs and we use Key2’s maintenance reports extensively – perhaps more than any of Jaama’s other leasing company customers – to record every component on a vehicle that is replaced.”

Now in possession of data highlighting around £30m worth of maintenance and component replacement costs, Steve Cole said: “We are able to slice and dice that information to provide ourselves and in turn our customers with a clear picture of future SMR costs based on historical trends.”

He added: “Knowledge and understanding of SMR costs is one of the fundamental factors in commercial vehicle contract hire. The data captured enables us to measure vehicle downtime effectively and drive through improvements.

“Key2 is a robust system and the information visibility provided enhances the decision-making processes for ourselves and our customers. Vehicle downtime is a key measurement and the data we capture means no surprises or shocks, which is customer-critical as they can then measure value for money.

“The Seven Asset Management business is growing steadily backed by solid service and data generated by Key2 is a contributory factor.”

For more of the latest industry news, click here.

Written by Natalie Middleton

Natalie has worked as a fleet journalist for 16 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. As Business Editor, Natalie ensures the group websites and newsletters are updated with the latest news.

3462 posts