INDEPENDENT vehicle leasing and fleet management company Velo is using a new technology system to set ‘realistic’ service, maintenance and repair budgets.

The company has adopted the FleetWare SMR fleet program from International Decision Systems.

Velo operations director Mike McRae said: ‘FleetWare SMR’s intuitive functionality enables us to determine all of our service, maintenance and repair budgets, including tyres and MOT, with a full breakdown of the elements making up those costs.

‘It is giving us optimum control over our budgets in a way that is specific to our business. For example, we have the ability to input our negotiated labour rates and tyre costs to enable us to produce accurate and competitive SMR budgets.’

McRae said the system allows the company a more effective way of setting realistic SMR budgets.