Fleet Advantage, a provider of specialty financing, fleet data analytics, fleet management services and life cycle cost management, was recognized as a top five overall winner of Food Logistics and Supply & Demand Chain Executive’s 2023 top software and technology providers award for the 10th straight year. As the supply chain software and technology sector continues to grow, boosting e-commerce, optimization, ESG compliance, work safety and more, this award spotlights Fleet Advantage as a software and technology solutions provider in the sector for the procurement/ enterprise resource planning (ERP) category.

Annually, the top software and technology providers award recognizes software and technology providers that have showcased innovation, automation and optimization to ensure a safe, efficient and reliable global cold food and beverage supply chain.

In response to the shifting landscape of corporate transportation fleets, characterized by unprecedented supply chain challenges, evolving ESG goals and new regulatory requirements, Fleet Advantage was recognized because of its EV Life Cycle Cost Analysis Tool, EVAN, (Electric Vehicle Analytic Navigator), which helps to further identify and optimize Total Cost of Ownership (TCO) for corporate transportation fleets to determine the efficacy of utilizing electric vehicles. As the procurement cycle for fleets has evolved from a yearly process to strategic planning spanning two, three or even five years, Fleet Advantage’s forward-thinking approach has empowered organizations to make informed decisions about alternative fuels, sustainability, and the adoption of newer technologies.

EVAN, part of the company’s TCO Tech Stack compares diesel and electric Class 8 vehicles, factoring in crucial variables such as fuel and mileage data, equipment costs, charging expenses, grants, depreciation and more, enhancing informed decision-making for fleets to determine the optimal timing and method for adopting alternative fuel technologies.

As part of Fleet Advantage’s commitment to sustainability, EVAN has been instrumental in providing geographic-specific cost comparison data. Fleet and supply chain executives have been able to evaluate the viability of transitioning to electric vehicles based on actual transportation utilization data. This personalized approach ensures that companies can achieve sustainability goals while optimizing bottom lines.

“It’s an incredible honor to be recognized as an overall top five winner of the top software and technology provider award by Food Logistics and Supply & Demand Chain Executive,” John Rickette, CTP, vice president of portfolio and manager of the transaction management team at Fleet Advantage, said. “Since inception, Fleet Advantage has remained committed to sustainability and our dedication to providing cold food and beverage supply chain organizations with the necessary tools to make informed decisions for their transportation fleets continues as we enter 2024.”