One of the more interesting points in the announcement...
Pilot Agreement with Tollaid
"The Pilot follows Connexion’s strategy of partnering with high-quality software providers servicing the US automotive industry with products complementary to OnTRAC & CXZTRAC.
Based in Dallas, Texas, Tollaid supplies an innovative range of digital tools used today by fleet managers, including dealerships, to manage their toll payments in real-time across 8 states in the US.
Today, a significant portion of Connexion’s Dealers regularly contend with the challenge of manually processing and recovering customers’ toll-charges following the return of a courtesy or rental vehicle.
Through integration with Tollaid’s technology, OnTRAC & CXZTRAC Dealers stand to benefit from reduced net tolling expenses and reduced time to process and recover payments."
Interesting to see the play with another automotive technology company. Curious to see if this will be a revenue driver but I imagine the key benefit here would be that it will provide inroads with other fleet managers and dealerships in the form of a packaged software that includes both Tollaid's technology and CXZ's fleet management software.
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