Locus, a global B2B SaaS company that automates human decisions in the supply chain, announced a new integration with Lytx, the provider in video telematics, analytics, safety, and productivity solutions for commercial and public sector fleets.
While Lytx provides GPS location information on vehicles, Locus uses the information to prepare the most optimised route. Additionally, Locus can utilise the planned route and location information to compare planned versus actual performance as well as power analytics and insights.
The combined product offering of Locus and Lytx will enable fleet managers to optimise the total cost of ownership (TCO) driven by fuel economy monitoring, driver analytics, visibility, compliance management, and predictive maintenance alerts.
For fleets, this smart management platform will help with higher asset utilisation, optimised route planning, better driver communication, and seamless interactions with shippers and warehouses, translating into cost and time savings for the fleet managers.
“We are very excited to join forces with an innovative partner like Lytx and take our combined solution to the market. This partnership offers the perfect blend of analytics and routing capabilities to our customers,” says Krishna Khandelwal, chief business officer, Locus. “The optimised routing reduces both capital and operational costs for local distribution while increasing service levels and revenue-generating activities.”
“Many fleet managers today leverage multiple technologies and are looking for ways to consolidate so they can save time and focus on things that matter more,” says Frank Schneider, director of integrations & partnerships at Lytx.
“This integration will allow customers of Locus and Lytx to have a seamless view of all the data they need from both systems, so they can make informed decisions in an instant. Fleet managers can keep track of their vehicles through GPS, get insights into driving behaviours through our proprietary video and machine vision and artificial intelligence (MV+AI) offering, dispatch technicians, and route vehicles.”
Locus uses deep machine learning and proprietary algorithms to offer smart logistics solutions to customers. Working with top clients across Southeast Asia, North America, Europe, and India the company has raised $29 million (€23.98 million) across multiple rounds from tier one investors.