Autorola and Sofico have forged a new partnership that will bring real-time market insights and specific KPIs for fleet.

Sofico managing director Gémar Hompes said fleet managers and leasing companies are managing their vehicles with greater and more varying granularity

The agreement will see software giant Sofico integrate real-time data from Autorola’s Indicata solution into its Miles platform for the leasing and financial services industry.

As a result of the new partnership, fleet and portfolio managers at leasing companies and other financial institutions that use Miles will now be able to maximise their fleets’ portfolio value using real-time market insights and specific KPIs. This in turn will enable them to realise improved sales and more efficient risk management.

Erwin Coesens, country manager Autorola Belux, said: “Traditionally, vehicle fleet managers have valued their assets on the basis of historical data. This often results in large differences in value that only come to light at the end of the vehicle contracts.

“Indicata’s real-time data allows vehicle managers to work proactively with their fleet and to constantly screen for business opportunities so that quick but well-considered decisions can be taken.”

Jurgen Claus, international business development manager at Autorola Group, added: “Determining risk criteria on the basis of reliable, real-time data ensures improved efficiency and a much clearer view on current, ongoing and future challenges and opportunities.”

Gémar Hompes, managing director at Sofico, also commented on the deal, saying: “We have been in the fleet management business for over 30 years. Since the very beginning we have followed the market closely, and identified innovative trends and new technologies, to help our customers manage their fleets even more effectively.

“One trend we have observed is that vehicle fleet managers and leasing companies are managing their vehicles with greater and more varying granularity: from years to minutes. Real-time Indicata data is a fantastic tool to give vehicle managers the insights they need to optimally manage their fleets, at any time.”