Swords based telematics company, Transpoco (www.transpoco.com) is to create 20 jobs in 2016 which will double its employment to 40. The expansion follows the launch of a new service designed to help Europe’s car, van and truck fleets reduce fuel, maintenance and insurance costs. The company already doubled its employment from 10 to 20 in 2015 on the back of the new service.
The expansion follows a two year major research and development programme supported by Enterprise Ireland. The new product called SynX is a cloud computing based service which integrates Transpoco GPS software with data from fuel cards to provide cost saving business intelligence.
“Fleet managers are not fully exploiting GPS tracking technology, because they are too busy,” commented Andrew Fleury, CEO, Transpoco. “While they use basic features of GPS, they never really get to the stage of accessing real business intelligence. They don’t have time to analyse data from different suppliers, such as fuel, vehicle maintenance etc. The SynX product automates this analysis and pinpoints key actions that need to be taken.”
Transpoco is a member of FTA Ireland (Freight and Transport Association) and has closed significant cooperation agreements with key partners in Ireland. Customers include local public institutions, transport companies and businesses that rely on driving for different reasons such as couriers, cleaning and construction companies.
Recent wins for Transpoco, an ISO9001 certified company, include Autoglass, a leading vehicle glass repair and replacement company and EPS Water, provider of water and wastewater treatment and pumping solutions.
The benefits for acquiring the SynX product for managing fleets are explained by Richard Aylmer from Le Gourmet Wholefoods, an Irish business which specialises in importation, repackaging, sale and distribution of food products.
“We have saved thousands of Euros, on wear and tear, staffing levels, and diesel. I have recommended similar systems to friends who run businesses. There is also a security factor which is a hidden benefit. Also if drivers are lost, we can direct them where to go from the office, which is handy.”
Transpoco is targeting fleets as well as partners such as leasing firms and fuel card companies who want to provide added value services to their fleet customers.
Fuel card company Direct Fuels has already adopted SynX. “The capability to offer a fuel saving system that can help to cut their maintenance, fuel and insurance costs changes our relationship with the customer. As a result of this data we can really be a trusted advisor to our customers,” commented Kieran Dunne, Managing Director, Direct Fuels.
Synx is based on research conducted by Transpoco which found at least a 20% difference in fuel consumption and 35% in maintenance costs between best and worst performing drivers.