Topaz telematics deal to boost fuel card efficiency
A deal between Irish telematics company Transpoco and Topaz is to give a major boost to the efficiency of the fuel retailer’s fuel cards.
Worth an estimated €250,000 a year, the agreement will see Topaz adopt Transpoco’s Synx technology, integrating GPS software with fuel card data to provide cost-saving intelligence.
SynX, which was developed following a €1m investment programme, uses a combination of tech to boost fleet management through improved fuel usage, driving technique monitoring, maintenance recording, and other business intelligence.
Typical users include Kingsmaid Domestic Cleaning in the UK, which reported annual savings of almost €25,000 and a 300 per cent return on investment in its first year.
SynX is based on research conducted by Transpoco, which found at least a 20 per cent difference in fuel consumption and 35 per cent drop in maintenance costs between best and worst performing drivers.
Liam Mulcahy, Topaz commercial director said: “This agreement will boost our fleet fuel customer service and help them manage their vehicles more efficiently and at lower cost.
“It sits perfectly with our Topaz Quality Fuels which contains an additive that increases fuel economy.
“Partnerships like this build long term customer relationships and allow us to offer increased value to our fuel card customers.”
Transpoco CEO Andrew Fleury said the agreement with Topaz was a further endorsement of their technology.
“Topaz understands that vehicle fleets that use fuel cards want to receive excellent customer service, optimise costs, and operate their vehicles as smoothly and safely as possible,” he said.
With 444 service stations nationwide, Topaz is Ireland’s largest fuel and convenience brand. 158 of the service stations are company owned and run, with 286 stations operated by independent retailers on the dealer network.
Swords based, Transpoco earlier this year announced that it is to double its employment to 40 in 2016. Key target markets include UK, Ireland, and France.