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Chevin Achieves Record Revenue Results in FY-2016

October 13, 2016 - Press Release

Chevin Fleet Solutions, a global provider of web-based, enterprise-level fleet and asset management software, achieved record customer and revenue growth during its 2016 financial year.

For the twelve months ending with August, Chevin’s global revenue increased 57% year-over-year, with growth reported in all territories. This result is also notable in that it marks a significant increase over 2015 revenue and is by far the largest revenue gain in almost 26 years of continuous growth at the company.

“Our latest report of our growth and success is attributed to a number of significant customer signings during the past twelve months, Chevin’s continued sharpened focus on ensuring product and service quality, and the implementation of strategic changes to the company’s focus and direction over the past two years,” said Ashley Sowerby, managing director, Chevin Fleet Solutions. “Fiscal Year 2016 has been an extremely positive period of growth and development for Chevin Fleet Solutions. For a 26 year old, mature business to achieve such significant growth is truly outstanding and a credit to the entire team at Chevin."

“Throughout the past few years, we have heightened our revenue and commenced projects for new customers around the world, including significant fleets,” Sowerby continued. “We have also reinvested strongly in personnel, products, and customer service across all areas of our business to help us continue our positive trajectory. We continue to help many customers across many industries simplify every part of their fleet and asset management, with our software helping clients streamline processes, tackle inefficiencies, improve performance, reduce costs, and mitigate risk. It’s clear that Chevin continues to go from strength to strength and I would like to offer my thanks to all colleagues and customers for their great support in reaching this accomplishment.”

Notable developments at Chevin Fleet Solutions during FY-2016 include:

  • The launch of the Chevin Academy; an online training resource designed to help customers learn how to make the most of the FleetWave enterprise-level fleet and asset information management software. Consisting of a detailed library of video tutorials, the Academy was developed to address frequently asked support questions about FleetWave as well as offer extensive guidance on how to get the most out of the system. It was made available to all FleetWave users across the globe this year. Recent reports show that Chevin’s overall training experience has been rated 95% by customers on average.
  • The “rebooting” of Chevin’s customer support, with a new structure, new appointments and an implementation team designed to enhance the process of getting new systems up and running. Chevin’s dedicated support team is able to resolve over 85% of issues during the first call.
  • Further recruitment of industry and software experts, including Peter Ormsby as operations director responsible for leading the company’s software development and implementation projects and driving its global expansion.

Some of Chevin’s notable enterprise customers signed during 2016 include Leasing Associates, Centuri Construction, Welsh Ambulance Services NHS Trust, and Life Without Barriers.

“FY-2016 has been a very successful period for Chevin Fleet Solutions,” said Peter Ormsby, operations director, Chevin Fleet Solutions. “Looking forward, we are already setting the wheels in motion for many opportunities during FY-2017. Throughout the next twelve months, we intend to continue reinvesting revenues to fund further growth and customer satisfaction. We look forward to concentrating on best practices, product enhancements and expansion and we anticipate a number of exciting announcements about how our fleet and asset information management solutions can help clients manage, automate and improve the complete lifecycle of their vehicles and assets.”

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