Tranzaura, a leading global fleet management firm, has announced the launch of its industry-first AI-powered fleet intelligence software that will reduce costs for transport and fleet companies and improve their operational efficiency by up to 30%.
The first-of-its-kind in the industry, FleetNow delivers accurate and actionable intelligence in real-time, identifying where fleet managers can make data-driven decisions, by tracking major expenses like fuel, vehicle maintenance, compliance and labour.
The software maximises efficiency, allowing transport and fleet companies to get more done, faster and with fewer resources, resulting in reduced costs and increased profitability.
Driven by the success of FleetNow, Tranzaura is set for significant growth with plans to expand its workforce by 50% over the next 12 months, adding to its current headcount of 22 employees.
Irish fleet sector
The fleet sector in Ireland represents a multi-billion euro market annually, with a market size ranging between €3 – 5 billion per year, according to industry data.
FleetNow was developed by Tranzaura to address the longstanding industry challenge of disconnected data and fragmented systems that slow down and inhibit the decisions of the majority of transport and fleet management companies globally.
The total number of registered vehicles in Ireland is approximately 2.8 million, around 700,000 or 25% of those vehicles are business or fleet vehicles. This includes a wide range of fleet vehicles, from delivery vans to heavy trucks, operating in various industries across the country.
At any given time, there are at least 100,000 commercial vehicles registered for fleet operations on Irish roads.
Delivering precise data
The Limerick-based firm, which has operations in Ireland, the UK and Australia, forecasts that FleetNow will deliver precise data on a fleet’s performance and outgoing costs up to 20-times faster than competing fleet management systems.
The software will save fleet professionals up to 80-hours in administration a month, according to Tranzaura, who expect demand for the software to reach at least 500 global fleets in its first year.
The software can deliver and pinpoint intelligence like usage, carbon savings or when a vehicle will need maintenance, helping fleet managers identify, for example, how they can better manage their carbon emissions.
A significant step forward
FleetNow is Tranzaura’s response to the growing need for faster fleet intelligence and better decision-making, and represents a significant step forward for the company, which has become a global leader in fleet management software since its founding in 2010.
This new AI-powered innovation enhances Tranzaura’s legacy, building on its existing software used by 65% of the iconic red buses in London, 36% of all buses across England, and leading fleet operators like Travis Perkins and East Riding of Yorkshire Council.
Commenting on the launch of FleetNow, Shane Mann, Tranzaura CEO said:
“Today’s fleet operators are overwhelmed with technology options, each collecting a vast amount of data from various sources. While the potential for insights is immense, many fleet companies are struggling to make sense of it all. The problem is made worse by a patchwork of disconnected systems that don’t communicate effectively.”
“FleetNow is the first-of-its-kind solution to this massive industry-wide problem. It is a next-generation software that goes beyond traditional fleet management, which often focuses solely on siloed technology and digital processes. Instead, FleetNow combines the power of AI and connected data to drive operational efficiency and smarter decision-making.”
“Currently, fleet professionals spend hours upon hours each month manually pooling data across multiple disparate systems and spreadsheets attempting to spot trends and problems, manage costs and assess risks. In many cases, this leads to hours of work, unreliable data and money wasted.”
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