Cap HPI launches forecasting tool to ‘help increase accuracy’ in leasing sector

Cap HPI has launched a suite of online apps, Portfolio Valuations, which it claims will help to increase accuracy within the leasing sector.

The company says Portfolio Valuations allows a fleet to be uploaded and revalued at “the touch of a button”, while it also provides visibility of an entire fleet’s current and future value that reflects actual market conditions.

Portfolio Valuations comes with a reporting suite, and the output can be integrated into other fleet systems.

The data and technology business is also relaunching its budgeting tools SMR Forecast and Actuals. It allows fleet companies to calculate service, maintenance and repair costs and a vehicle’s lifetime running costs.

Cap HPI’s head of fleet Amanda Morgan said: “Developed in partnership with the industry, the tools are designed to be easy to use and provide data in real-time.

“By drawing on comprehensive parts data from a variety of trusted sources, Cap HPI can predict common faults, when they are likely to occur and what the parts and labour cost is likely to be, helping to forecast more accurately, future-proof your business and minimise risk.

“It’s little wonder over half of all leasing companies use our SMR data.”

SMR Forecast offers data split by manufacturer parts pricing, labour times and tyre size, with default information including labour rates, fluid costs, tyre prices and component replacement intervals.