Total Cost of Ownership
Gain clarity on critical factors such as financing costs, fuel costs and much more.
What are Total Cost of Ownership?
Total cost of ownership in the fleet refers to the total costs associated with operating and maintaining a fleet of vehicles. These costs include a variety of factors over the lifetime of the vehicles.
In the dynamic world of fleet management, understanding the Total Cost of Ownership (TCO) is vital to making informed decisions, but getting this elusive figure can be a challenge as it requires delving into a multitude of details.
Fleet managers are aware of the importance of Total Cost of Ownership, encompassing expenses ranging from vehicle acquisition and maintenance to fuel consumption and financing, but capturing accurate TCO data is often a complex puzzle that requires attention to detail.
Coming soon (August 2026): More insight into your vehicle costs
The total cost calculation for your vehicles is becoming much clearer and more meaningful. With our next update, we're bringing a range of improvements that will noticeably ease everyday fleet management.
- Automatic contract data capture: When you upload a contract, fleetster will automatically extract the relevant data using AI. Less manual entry, fewer errors.
- Costs even without an invoice: Contract costs now flow fully into the TCO, even if no invoice has been uploaded yet.
- Vehicle comparison at a glance: A new vehicle list shows all costs per vehicle and cost type side by side, across locations, without any manual work in Excel.
- New metric: cost per kilometer: Total costs divided by mileage, for an even more precise assessment of your fleet.
In addition, cost blocks from annual or quarterly invoices will now be correctly distributed across the individual months, and zero-value line items will disappear from the overview.
Total Cost of Ownership in fleetster
Our solution simplifies TCO analysis by using state-of-the-art technology. Through invoice scanning, we extract key details that provide insight into your fleet's financial landscape. With this comprehensive data, you gain clarity on critical factors such as financing costs, fuel costs and individual events that impact your TCO.
Imagine knowing exactly how much was spent on finance or fuel in a given period. With our system, you can pinpoint expenses and access specific events and related invoices. For example, you can track expenses related to a specific refueling event, understanding the nuances of the corresponding invoice.
Export Total Cost of Ownership Report
With our latest update, TCO (Total Cost of Ownership) reports can now be easily exported from fleetster. The reports provide a comprehensive and detailed overview of all costs incurred by your fleet - from fuel and maintenance to insurance and administration. Use this data to create transparency, identify hidden costs and manage your fleet more efficiently and cost-effectively. Simplify your cost analysis and make informed decisions for a sustainable and profitable fleet strategy!
Would you like to find out more about the total cost of ownership?
Then please contact us with your contact details.
