Survey shows vast communication challenges between fleet operations, finance departments
Finance officers are unclear about the role proper fleet acquisition strategies and lease vs. purchase decisions play on a company's bottom line.
Fleet Advantage, Fort Lauderdale, Fla., announced its latest industry survey, which reveals a significant lack of communication between fleet operations and finance departments within many organizations.
The online survey shows private fleet management personnel highlighting several obstacles when trying to communicate fleet operational needs with finance departments. Signifying this lack of communication, 37.5% of fleet executives cited the inability of their finance departments to clearly communicate the company’s financial metrics and goals to the operations department as the largest communications struggle. An additional 34.4% said finance doesn't understand the benefit of investing in newer equipment, while 31.3% said finance doesn't understand various operating costs associated with the fleet.