AA partners with Trakm8 to offer remote monitoring to business customers
(Image Credit: iStockPhoto/Tramino)
Breakdown specialist AA has used Trakm8’s telematics offering for four years in order to slash costs and this has resulted in fuel savings of £1 million on an annual basis at the company. Now, AA is extending this collaboration by providing its business customers, who run fleets, with the same service, which will provide insight on fuel use, routes, and time taken to complete tasks.
Trakm8 Executive Chairman, John Watkins, said, “This is a substantial contract and an extremely interesting opportunity for Trakm8. Working with the AA on this project, we will substantially increase our understanding of remote vehicle service potential for fleets.”
The service also has the potential to cut down insurance costs as it ascertains drivers who are habitually prone to accidents. The provision of the telematics system may also be expanded to personal members at AA in the future.
AA said, “This initiative for our fleet customers is an important part of the investment in connected car technology that we are developing. We are looking at a number of options that will add value to our proposition for the rest of our business customers and our personal members.”
The new management that was put in place at AA, following an acquisition, is committed to cutting down AA’s large debt through overhauling the company’s old IT systems, and enlarging its service offering. The company was floated on the stock exchange in 2014 at 250p a share following an acquisition undertaken by an NCP old hand, Bob MacKenzie, with the support of a group of City institutions.
Do you think AA’s partnership with Trakm8 will help businesses in keeping track of their fleets? Let us know your thoughts in the comments.
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