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Online vehicle marketplace Autorola and global leasing and financial services software supplier Sofico are working together to offer enhanced support to fleet operators.

Under the new agreement, Sofico will integrate real-time data from INDICATA, part of Autorola Group, into its Miles contract management solution.

INDICATA provides business intelligence and market insights software for the management of used vehicle inventories.

Through the partnership, fleet and portfolio managers at leasing companies and other financial institutions that use Miles can obtain real-time market data and specific vehicle insights to help manage risk more effectively.

Erwin Coesens, country manager Autorola Belux, said: “Traditionally, vehicle fleet managers have valued their assets based on historical data. This often results in large differences in value that only come to light at the end of the vehicle contracts.

“INDICATA’s real-time data allows vehicle managers to work proactively with their fleet and to constantly screen for business opportunities so that quick but well-considered decisions can be taken.”

Autorola Group is headquartered in Denmark and has subsidiaries in 19 countries across Europe, North America, Latin America and Asia Pacific.

Sofico software is used by a range of captive finance and leasing companies all over the world, with its systems installed in 23 countries.

Gémar Hompes (pictured), managing director at Sofico, said: “We have been in the fleet management business for more than 30 years. Since the very beginning we have followed the market closely, and identified innovative trends and new technologies, to help our customers manage their fleets even more effectively.

“One trend we have observed is that vehicle fleet managers and leasing companies are managing their vehicles with greater and more varying granularity, from years to minutes. Real time INDICATA data is a fantastic tool to give vehicle managers the insights they need to optimally manage their fleets, at any time.”

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