#USA #Albany #Fleetworthy #AI Management #Toll360

Fleetworthy Introduces Toll360

Fleetworthy has launched a groundbreaking new feature called Toll360, which is set to transform the way fleets manage their toll costs. This innovative tool uses artificial intelligence to provide a comprehensive view of toll expenses, automating processes from prediction to recovery.

The Challenge of Toll Management

Traditionally, toll costs have been one of the most unpredictable and time-consuming expenses for fleet operations. Charges often come weeks after the vehicle has traveled, making it difficult for finance teams to react in time. By the time they receive invoices, errors may occur, and costs can escalate. Fleetworthy's Chief Product Officer, Shay Demmons, emphasized the struggles of finance teams dealing with manual reconciliations and disputed charges.

What is Toll360?

Toll360 aims to alleviate these challenges by integrating directly into Fleetworthy’s existing platform, Bestpass. It empowers fleets to predict, validate, reconcile, and recover toll costs as they occur. Using GPS and ELD (Electronic Logging Device) data, Toll360 can estimate toll charges immediately after vehicles complete their trips. This not only streamlines the process, but also enables fleets to monitor their expenses in real time, rather than waiting weeks for invoices.

Features of Toll360

1. Real-Time Predictions: As vehicles finish their routes, Toll360 quickly predicts toll charges based on completed trips, letting fleet managers keep tabs on costs as they happen.
2. Automated Reconciliation: The tool automatically reconciles actual charges with predicted costs to spot discrepancies, minimizing the manual workload.
3. Automated Dispute Management: In cases of mismatches, Toll360 initiates eligible disputes automatically, tracking their status without requiring any manual intervention from team members.
4. Centralized Control: All activities conducted by Toll360 can be viewed through a single toll portal, which provides finance, operations, and audit teams with a clear record of toll activities.

Proven Results

Pilot programs demonstrated that Toll360 could recover about $15 per vehicle each month through effective dispute management. Furthermore, fleets saw a reduction in manual reconciliation efforts, saving between 30 to 40 hours each month. Toll accuracy reached a remarkable 95%, and the turnaround time for toll charges was reduced to just one day.

AI-Powered Operations

The advanced AI engine behind Toll360 is based on extensive training from millions of toll transactions and vehicle movement patterns. It factors in various elements such as road type, vehicle classification, and regional pricing, resulting in precise toll predictions and validations.

Expanding Accessibility

Fleetworthy is also launching Toll Predict and Toll Reconcile, two standalone features aimed at fleets that do not use Bestpass. These tools provide early predictions of toll costs and employ AI to validate charges, ensuring fleet operators can manage their toll expenses effectively, regardless of their current tools.

About Fleetworthy

Fleetworthy has positioned itself as a leader in fleet management technology by offering a complete suite of tools aimed at enhancing fleet safety, compliance, and operational efficiency. With a reputation backed by 75% of North America's top fleets, Fleetworthy remains committed to pushing boundaries in fleet readiness with AI-driven solutions.

By integrating innovative features like Toll360, Fleetworthy is well on its way to ensuring that fleet operations remain efficient, compliant, and financially sound.