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Corporate Fleet Management

Corporate Fleet Management


  Advantages of Fleet Management Introduction

For companies owning a large number of business vehicles, the management of the vehicles is a complicated issue!

Outsourcing the trivial task of vehicle management to ORIX will significantly reduce the hassles so that the company can focus more on their own business operations. ORIX’s experienced car leasing shows that the introduction of ORIX fleet management program will reduce 70% of management affairs for enterprises.

An Overview of the Differences between Pre-introduction
and Post-introduction of Fleet Management
General affairs department
Before introduction
After introduction
Selection of vehicle types
O
X
Selection of vehicle dealers
O
X
Price inquiry and price negotiation with vehicle dealers
O
X
Ordering from vehicle dealers
O
X
Ordering from car leasing company
X
O
Lease document processing
X
O
Insurance planning and price negotiation
O
X
Internal payment process of vehicle and other expenses
O
X
Fill in vehicle management general ledger
O
X
Fill in vehicle management book (travel mileage and vehicle maintenance)
O
X
Vetify, payment, custody of car tax document
O
X
Insurance renewal handling
O
X
Vehicle maintenance budgeting
O
X
Vehicle fitting out works
O
X
Inspection by Motor Vehicle Supervision Office
O
X
Handling of regular vehicle inspection fee
O
X
Accidents handling
O
X
Insurance agreement with the insurance company
O
X
Post-accident vehicle handling
O
X
Asset selling process handling
O
X

Financial and accounting department
Before introduction
After introduction
Vehicle insurance premium payment
O
X
Vehicle taxes and fees payment
O
X
Accounting operation of vehicle expenditure
O
X
Accounting operation of vehicle rent payment
X
O
Payment oh car insurance renew premium
O
X
Monthly amortization of depreciation
O
X
Monthly amortization of taxes and fees
O
X
 Payment of vehicle taxes and fees
O
X
Monthly rent payment
X
O
Payment of regular vehicle maintenance and inspection fee
O
X
Payment of vehicle regular inspection fee
O
X
Insured accident handling fee prepayment
O
X
Insurance premium handling after entering into the account book
O
X
Accounting operation after the sale of assets
O
X

Vehicle using unit
Before introduction
After introduction
Monthly mileage report
O
X
Vehicle delivery to maintenance shop
O
X
Daily vehicle inspection
O
X
Fine ticket handling
O
X

  Introduction of Corporate Fleet Management Programs
To meet the customer needs, ORIX offers two programs for fleet introduction:
The Leaseback Program
ORIX can purchase the customer company's vehicles at book value, and then lease back these vehicles to the customer. This will relieve the hassle of the company in managing business cars and allow the company to enjoy benefits of car leasing in the quickest way. The company will not have any loss by selling vehicles to ORIX at the book value.
Changes in the Financial Statement after Introducing Leaseback Program
After the completion of the leaseback procedure, the financial statement will show a decrease in the asset and an increase in expenses. The decrease of the asset will lead to the increase of return of asset (ROA), debt/equity ratio and liquidity ratio, which will help raise the company's credit line.

Gradual Introduction
The gradual introduction program is to maintain current model by original cars. While switching to leasing model by adding new vehicles, the trivial management will phase out.