Fleet management software provider Bynx has announced the launch of a next-generation management reporting tool.

BynxMI has been specifically designed to enable vehicle leasing, rental and fleet management companies to better utilise fleet data for concise reporting and informed decision making.

The aim is to increase profitability within the fleet sector and enable more advantageous overall business decisions.

In light of the ‘big data’ revolution currently, BynxMI delivers a set of reporting tools and dashboards aimed at helping fleet customers (and their clients) to process, analyse and present information in reports and documents.

Gary Jefferies, sales and marketing director at Bynx, said: “Having data is one thing, knowing what to do with it is another.

"Then there’s the issue of data credibility and how it’s presented to enable management buy in to support positive decision making.

“We’ve designed the product to offer more than just reporting tools and that’s why we called it BynxMI - management information - because it helps fleet decision-makers consolidate and present the insight their businesses need to be successful.”

BynxMI is delivered as a reporting tool embedded in Bynx’s primary fleet management platform BynxFleet.

This removes the need for an additional reporting server and provides a single reference point with no need for paper records.